XTX Topco Ltd Takes Position in StealthGas Inc. (NASDAQ:GASS)

XTX Topco Ltd purchased a new position in shares of StealthGas Inc. (NASDAQ:GASS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 19,837 shares of the shipping company’s stock, valued at approximately $146,000. XTX Topco Ltd owned 0.05% of StealthGas at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inspire Advisors LLC lifted its stake in shares of StealthGas by 41.3% in the 2nd quarter. Inspire Advisors LLC now owns 55,072 shares of the shipping company’s stock worth $405,000 after acquiring an additional 16,085 shares during the period. Acadian Asset Management LLC lifted its position in StealthGas by 9.9% in the second quarter. Acadian Asset Management LLC now owns 1,374,210 shares of the shipping company’s stock valued at $10,073,000 after purchasing an additional 123,674 shares during the period. Virtu Financial LLC purchased a new stake in StealthGas in the 1st quarter valued at approximately $64,000. Heron Bay Capital Management purchased a new stake in StealthGas in the 1st quarter valued at approximately $78,000. Finally, EntryPoint Capital LLC acquired a new position in StealthGas during the 1st quarter worth approximately $62,000. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded StealthGas from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 15th.

StealthGas Price Performance

Shares of NASDAQ GASS opened at $6.81 on Tuesday. The company’s fifty day moving average is $6.32 and its two-hundred day moving average is $6.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.43 and a current ratio of 2.50. The firm has a market capitalization of $246.13 million, a P/E ratio of 4.80 and a beta of 0.80. StealthGas Inc. has a one year low of $4.74 and a one year high of $8.84.

StealthGas (NASDAQ:GASS) last issued its earnings results on Thursday, September 5th. The shipping company reported $0.70 earnings per share for the quarter. StealthGas had a net margin of 44.79% and a return on equity of 11.63%. The company had revenue of $39.12 million for the quarter.

StealthGas 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.