Towerview LLC Has $24.70 Million Stock Position in StealthGas, Inc. $GASS

Towerview LLC reduced its holdings in shares of StealthGas, Inc. (NASDAQ:GASS) by 12.3% in the first quarter, HoldingsChannel reports. The fund owned 2,690,958 shares of the shipping company’s stock after selling 376,542 shares during the period. StealthGas accounts for 15.9% of Towerview LLC’s portfolio, making the stock its 2nd biggest holding. Towerview LLC owned 0.07% of StealthGas worth $24,703,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GASS. Kestra Advisory Services LLC bought a new position in shares of StealthGas during the fourth quarter valued at approximately $552,000. Two Sigma Investments LP lifted its holdings in shares of StealthGas by 31.3% during the third quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock valued at $1,554,000 after purchasing an additional 56,493 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of StealthGas by 51.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 153,211 shares of the shipping company’s stock valued at $1,076,000 after purchasing an additional 51,920 shares during the last quarter. UBS Group AG boosted its position in shares of StealthGas by 21.4% in the 3rd quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock worth $1,704,000 after purchasing an additional 45,846 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of StealthGas in the 3rd quarter worth approximately $276,000. Institutional investors own 66.32% of the company’s stock.

StealthGas Stock Performance

Shares of StealthGas stock opened at $8.69 on Friday. The stock has a market capitalization of $326.05 million, a PE ratio of 5.17 and a beta of 0.25. StealthGas, Inc. has a 52-week low of $6.12 and a 52-week high of $10.55. The company has a 50-day simple moving average of $9.12 and a two-hundred day simple moving average of $8.82.

StealthGas (NASDAQ:GASS) last issued its earnings results on Friday, June 5th. The shipping company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. StealthGas had a net margin of 35.91% and a return on equity of 8.72%. The firm had revenue of $42.84 million for the quarter, compared to the consensus estimate of $38.40 million.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised StealthGas from a “hold” rating to a “buy” rating in a research report on Tuesday, June 16th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, StealthGas currently has a consensus rating of “Buy”.

StealthGas 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.