StealthGas (NASDAQ:GASS) Rating Lowered to “Hold” at Wall Street Zen

StealthGas (NASDAQ:GASS) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

StealthGas Stock Performance

NASDAQ:GASS opened at $8.59 on Friday. The firm has a market capitalization of $322.30 million, a price-to-earnings ratio of 5.11 and a beta of 0.25. StealthGas has a 52-week low of $6.12 and a 52-week high of $10.55. The stock has a fifty day moving average of $8.74 and a 200 day moving average of $8.96.

StealthGas (NASDAQ:GASS) last released its earnings results on Friday, June 5th. The shipping company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $42.84 million for the quarter, compared to analysts’ expectations of $38.40 million. StealthGas had a return on equity of 8.72% and a net margin of 35.91%.

Hedge Funds Weigh In On StealthGas

A number of institutional investors have recently bought and sold shares of the stock. Towerview LLC boosted its holdings in shares of StealthGas by 5.5% during the 4th quarter. Towerview LLC now owns 3,067,500 shares of the shipping company’s stock valued at $21,534,000 after buying an additional 160,000 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of StealthGas by 0.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,032,631 shares of the shipping company’s stock worth $18,660,000 after acquiring an additional 17,100 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in StealthGas by 2.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 514,871 shares of the shipping company’s stock valued at $4,727,000 after acquiring an additional 12,142 shares during the period. UBS Group AG lifted its position in StealthGas by 21.4% during the 3rd quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock valued at $1,704,000 after acquiring an additional 45,846 shares during the period. Finally, Two Sigma Investments LP boosted its stake in StealthGas by 31.3% during the third quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock worth $1,554,000 after acquiring an additional 56,493 shares in the last quarter. 66.32% of the stock is owned by institutional investors.

About StealthGas

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.