StealthGas (NASDAQ:GASS) Cut to “Hold” at StockNews.com

StealthGas (NASDAQ:GASS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

StealthGas Trading Up 0.5 %

Shares of GASS stock opened at $5.57 on Thursday. The firm has a market capitalization of $204.65 million, a P/E ratio of 3.15 and a beta of 0.75. StealthGas has a 1 year low of $4.82 and a 1 year high of $8.84. The firm’s fifty day simple moving average is $5.71 and its 200 day simple moving average is $5.92. The company has a current ratio of 2.66, a quick ratio of 2.59 and a debt-to-equity ratio of 0.13.

StealthGas (NASDAQ:GASS) last posted its quarterly earnings results on Friday, February 21st. The shipping company reported $0.38 earnings per share (EPS) for the quarter. The company had revenue of $40.25 million for the quarter. StealthGas had a net margin of 40.87% and a return on equity of 11.36%.

Hedge Funds Weigh In On StealthGas

Several large investors have recently added to or reduced their stakes in GASS. Towerview LLC grew its holdings in shares of StealthGas by 12.4% during the 4th quarter. Towerview LLC now owns 2,762,500 shares of the shipping company’s stock worth $15,608,000 after purchasing an additional 305,000 shares in the last quarter. Marshall Wace LLP lifted its position in StealthGas by 11.9% in the fourth quarter. Marshall Wace LLP now owns 366,203 shares of the shipping company’s stock worth $2,069,000 after purchasing an additional 39,027 shares during the period. Two Sigma Advisers LP boosted its stake in StealthGas by 22.5% during the fourth quarter. Two Sigma Advisers LP now owns 335,200 shares of the shipping company’s stock worth $1,894,000 after buying an additional 61,500 shares in the last quarter. Inspire Advisors LLC increased its holdings in StealthGas by 22.4% in the 4th quarter. Inspire Advisors LLC now owns 121,206 shares of the shipping company’s stock valued at $685,000 after buying an additional 22,203 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in shares of StealthGas by 16.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 79,987 shares of the shipping company’s stock valued at $545,000 after buying an additional 11,383 shares in the last quarter. Institutional investors and hedge funds own 66.32% of the company’s stock.

StealthGas Company 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.