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

StockNews.com upgraded shares of StealthGas (NASDAQ:GASS) from a hold rating to a buy rating in a research report released on Friday morning.

StealthGas Stock Down 0.4 %

Shares of GASS opened at $5.55 on Friday. The stock has a market capitalization of $203.91 million, a price-to-earnings ratio of 3.14 and a beta of 0.75. StealthGas has a 1 year low of $4.82 and a 1 year high of $8.84. The business’s 50 day simple moving average is $5.71 and its 200-day simple moving average is $5.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.66 and a quick ratio of 2.59.

StealthGas (NASDAQ:GASS) last issued its quarterly earnings data on Friday, February 21st. The shipping company reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $40.25 million for the quarter. StealthGas had a return on equity of 11.36% and a net margin of 40.87%.

Institutional Trading of StealthGas

Several hedge funds and other institutional investors have recently bought and sold shares of GASS. Towerview LLC raised its holdings in StealthGas by 12.4% during the 4th quarter. Towerview LLC now owns 2,762,500 shares of the shipping company’s stock valued at $15,608,000 after buying an additional 305,000 shares during the period. Two Sigma Advisers LP raised its holdings in StealthGas by 22.5% during the 4th quarter. Two Sigma Advisers LP now owns 335,200 shares of the shipping company’s stock valued at $1,894,000 after buying an additional 61,500 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in StealthGas during the 4th quarter valued at $333,000. JPMorgan Chase & Co. raised its holdings in StealthGas by 156.1% during the 4th quarter. JPMorgan Chase & Co. now owns 72,770 shares of the shipping company’s stock valued at $411,000 after buying an additional 44,354 shares during the period. Finally, Marshall Wace LLP raised its holdings in StealthGas by 11.9% during the 4th quarter. Marshall Wace LLP now owns 366,203 shares of the shipping company’s stock valued at $2,069,000 after buying an additional 39,027 shares during the period. Hedge funds and other institutional investors own 66.32% of the company’s stock.

StealthGas Company Profile

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.