StealthGas (NASDAQ:GASS) Cut to Buy at StockNews.com

StockNews.com cut shares of StealthGas (NASDAQ:GASS) from a strong-buy rating to a buy rating in a research report report published on Wednesday morning.

StealthGas Price Performance

Shares of NASDAQ GASS opened at $6.10 on Wednesday. The firm has a market capitalization of $220.45 million, a P/E ratio of 4.30 and a beta of 0.84. The company has a quick ratio of 2.20, a current ratio of 2.25 and a debt-to-equity ratio of 0.26. The stock’s 50-day simple moving average is $7.39 and its two-hundred day simple moving average is $6.82. StealthGas has a twelve month low of $4.61 and a twelve month high of $8.84.

StealthGas (NASDAQ:GASS) last posted its quarterly earnings data on Wednesday, May 22nd. The shipping company reported $0.49 earnings per share (EPS) for the quarter. StealthGas had a return on equity of 9.19% and a net margin of 35.95%. The firm had revenue of $38.71 million during the quarter.

Hedge Funds Weigh In On StealthGas

Hedge funds and other institutional investors have recently modified their holdings of the company. EntryPoint Capital LLC purchased a new position in shares of StealthGas in the 1st quarter worth about $62,000. Virtu Financial LLC bought a new stake in StealthGas in the first quarter valued at approximately $64,000. Heron Bay Capital Management purchased a new stake in shares of StealthGas during the first quarter valued at approximately $78,000. DGS Capital Management LLC bought a new position in shares of StealthGas in the first quarter worth approximately $106,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in StealthGas in the 4th quarter worth $201,000. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

About StealthGas

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.