R Squared Ltd Takes Position in StealthGas, Inc. $GASS

R Squared Ltd purchased a new stake in StealthGas, Inc. (NASDAQ:GASS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,480 shares of the shipping company’s stock, valued at approximately $106,000.

Several other large investors have also modified their holdings of the business. Towerview LLC raised its holdings in shares of StealthGas by 0.3% in the 1st quarter. Towerview LLC now owns 2,770,000 shares of the shipping company’s stock valued at $15,650,000 after purchasing an additional 7,500 shares in the last quarter. Navellier & Associates Inc. raised its holdings in shares of StealthGas by 18.5% in the 1st quarter. Navellier & Associates Inc. now owns 82,572 shares of the shipping company’s stock valued at $453,000 after purchasing an additional 12,886 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of StealthGas by 136.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 72,009 shares of the shipping company’s stock valued at $407,000 after purchasing an additional 41,497 shares in the last quarter. Mraz Amerine & Associates Inc. raised its stake in shares of StealthGas by 49.7% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 26,500 shares of the shipping company’s stock worth $170,000 after acquiring an additional 8,800 shares in the last quarter. Finally, Sowell Financial Services LLC raised its stake in shares of StealthGas by 14.4% during the 2nd quarter. Sowell Financial Services LLC now owns 19,900 shares of the shipping company’s stock worth $128,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors own 66.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GASS. Wall Street Zen upgraded shares of StealthGas from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of StealthGas in a research note on Saturday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, StealthGas presently has a consensus rating of “Buy”.

StealthGas Stock Down 1.8%

NASDAQ:GASS opened at $6.48 on Monday. The company has a market cap of $240.80 million, a PE ratio of 3.93 and a beta of 0.30. StealthGas, Inc. has a twelve month low of $4.82 and a twelve month high of $8.18. The company has a current ratio of 3.87, a quick ratio of 3.73 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $6.94 and its two-hundred day moving average is $6.39.

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.