StealthGas (NASDAQ:GASS) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of StealthGas (NASDAQ:GASS) from a buy rating to a hold rating in a report published on Saturday.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of StealthGas in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

StealthGas Stock Down 1.0%

Shares of StealthGas stock opened at $6.75 on Friday. The company has a market capitalization of $250.83 million, a price-to-earnings ratio of 4.02 and a beta of 0.22. The stock’s 50-day simple moving average is $6.74 and its 200-day simple moving average is $6.79. StealthGas has a 52 week low of $4.85 and a 52 week high of $8.18.

StealthGas (NASDAQ:GASS) last released its earnings results on Tuesday, November 25th. The shipping company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.05. StealthGas had a return on equity of 9.62% and a net margin of 35.02%.The firm had revenue of $44.53 million during the quarter, compared to analysts’ expectations of $39.20 million. During the same quarter last year, the business posted $0.33 earnings per share.

Institutional Trading of StealthGas

A number of large investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new stake in StealthGas in the third quarter worth about $226,000. Qube Research & Technologies Ltd lifted its stake in shares of StealthGas by 15.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 122,155 shares of the shipping company’s stock worth $800,000 after acquiring an additional 16,129 shares during the last quarter. Millennium Management LLC lifted its stake in shares of StealthGas by 24.5% during the 3rd quarter. Millennium Management LLC now owns 208,190 shares of the shipping company’s stock worth $1,364,000 after acquiring an additional 40,912 shares during the last quarter. Citadel Advisors LLC boosted its holdings in StealthGas by 48.4% during the 3rd quarter. Citadel Advisors LLC now owns 115,206 shares of the shipping company’s stock valued at $755,000 after acquiring an additional 37,550 shares during the period. Finally, Two Sigma Investments LP grew its position in StealthGas by 31.3% in the 3rd quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock valued at $1,554,000 after acquiring an additional 56,493 shares during the last quarter. Institutional investors own 66.32% of the company’s stock.

StealthGas Company Profile

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.