Tieton Capital Management LLC acquired a new stake in shares of Stabilis Solutions, Inc. (NASDAQ:SLNG – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 234,505 shares of the company’s stock, valued at approximately $950,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SLNG. BlackRock Inc. bought a new position in shares of Stabilis Solutions in the 2nd quarter valued at $50,000. Dimensional Fund Advisors LP lifted its position 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 buying an additional 2,207 shares during the last quarter. Citadel Advisors LLC boosted its stake in Stabilis Solutions by 37.7% in the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after buying an additional 5,238 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Stabilis Solutions by 22.9% in the third quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock valued at $249,000 after buying an additional 10,643 shares in the last quarter. Finally, Ancora Advisors LLC grew its position in Stabilis Solutions by 32.3% in the third quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock valued at $370,000 after acquiring an additional 20,718 shares during the last quarter. 3.81% of the stock is currently owned by institutional investors.
Stabilis Solutions Stock Down 4.9%
Shares of NASDAQ:SLNG opened at $5.65 on Thursday. Stabilis Solutions, Inc. has a 52-week low of $3.21 and a 52-week high of $7.07. The company has a market capitalization of $105.09 million, a PE ratio of -13.45 and a beta of -0.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.57 and a current ratio of 1.59. The company has a fifty day moving average of $4.54 and a 200-day moving average of $4.44.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Stabilis Solutions in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Stabilis Solutions currently has an average rating of “Reduce”.
Get Our Latest Stock Report on SLNG
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.
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