Stabilis Solutions (NASDAQ:SLNG) Trading 13.1% Higher – Still a Buy?

Stabilis Solutions, Inc. (NASDAQ:SLNG)’s stock price traded up 13.1% during mid-day trading on Thursday . The company traded as high as $5.50 and last traded at $5.09. 332,949 shares changed hands during mid-day trading, an increase of 1,098% from the average session volume of 27,797 shares. The stock had previously closed at $4.50.

Analysts Set New Price Targets

Separately, Maxim Group lowered shares of Stabilis Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Stabilis Solutions has an average rating of “Reduce” and a consensus target price of $10.00.

Stabilis Solutions Stock Down 2.9%

The business’s 50 day moving average is $3.98 and its 200-day moving average is $4.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market capitalization of $91.88 million, a price-to-earnings ratio of -24.70 and a beta of -0.27.

Stabilis Solutions (NASDAQ:SLNG) last posted its earnings results on Wednesday, May 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.18). Stabilis Solutions had a negative net margin of 6.25% and a negative return on equity of 5.85%. The firm had revenue of $10.38 million during the quarter, compared to analyst estimates of $12.34 million.

Insider Transactions at Stabilis Solutions

In related news, Director Edward L. Kuntz purchased 7,500 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $3.89 per share, for a total transaction of $29,175.00. Following the transaction, the director directly owned 69,839 shares of the company’s stock, valued at approximately $271,673.71. This trade represents a 12.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have acquired 9,667 shares of company stock valued at $37,136. Company insiders own 72.20% of the company’s stock.

Institutional Trading of Stabilis Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its position in Stabilis Solutions by 22.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock worth $249,000 after purchasing an additional 10,643 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Stabilis Solutions by 128.4% during the 1st quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock worth $505,000 after acquiring an additional 63,644 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Stabilis Solutions by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after acquiring an additional 2,207 shares during the period. Citadel Advisors LLC lifted its holdings in Stabilis Solutions by 37.7% during the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after purchasing an additional 5,238 shares during the last quarter. Finally, Ancora Advisors LLC lifted its holdings in Stabilis Solutions by 32.3% during the 3rd quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock valued at $370,000 after purchasing an additional 20,718 shares during the last quarter. 3.81% of the stock is currently owned by institutional investors and hedge funds.

About Stabilis Solutions

Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.