StealthGas (NASDAQ:GASS) Director Michael Jolliffe Sells 36,200 Shares

StealthGas, Inc. (NASDAQ:GASS) Director Michael Jolliffe sold 36,200 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $9.25, for a total transaction of $334,850.00. Following the completion of the transaction, the director directly owned 54,500 shares of the company’s stock, valued at approximately $504,125. This represents a 39.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Michael Jolliffe also recently made the following trade(s):

• On Monday, September 14th, Michael Jolliffe sold 1,300 shares of StealthGas stock. The shares were sold at an average price of $9.21, for a total transaction of $11,973.00.

StealthGas Price Performance

GASS opened at $9.33 on Thursday. The stock has a market capitalization of $351.09 million, a P/E ratio of 5.87 and a beta of 0.25. The company’s 50 day simple moving average is $9.09 and its 200-day simple moving average is $9.22. StealthGas, Inc. has a one year low of $6.12 and a one year high of $10.55.

StealthGas (NASDAQ:GASS) last posted its quarterly earnings data on Wednesday, September 2nd. The shipping company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.07). StealthGas had a return on equity of 7.87% and a net margin of 34.97%.The company had revenue of $42.91 million during the quarter, compared to the consensus estimate of $44.90 million.

Hedge Funds Weigh In On StealthGas

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Militia Capital Management LLC bought a new stake in StealthGas in the 1st quarter valued at $422,000. Renaissance Technologies LLC increased its holdings in StealthGas by 0.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,032,631 shares of the shipping company’s stock worth $18,660,000 after purchasing an additional 17,100 shares in the last quarter. Tidal Investments LLC bought a new position in StealthGas during the 2nd quarter worth about $130,000. SG Americas Securities LLC acquired a new stake in shares of StealthGas in the 1st quarter valued at about $132,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of StealthGas by 2.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 514,871 shares of the shipping company’s stock valued at $4,727,000 after purchasing an additional 12,142 shares during the period. Institutional investors own 66.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings downgraded StealthGas from a “buy (b)” rating to a “hold (c)” rating in a research report on Thursday, September 3rd. Wall Street Zen cut StealthGas from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

About StealthGas

StealthGas, Inc (NASDAQ: GASS) is a maritime transportation company that owns and operates vessels used to transport liquefied petroleum gas (LPG). The company focuses primarily on small- and medium-sized LPG carriers, which transport products such as propane and butane for energy companies, commodity traders and other commercial customers.

StealthGas provides seaborne transportation services through a combination of time charters, voyage charters and other contractual arrangements. Its vessels serve international LPG trade routes, connecting production and export regions with markets and distribution facilities worldwide.