StealthGas, Inc. (GASS) Stake Reduced by Boston Partners

Boston Partners lowered its stake in StealthGas, Inc. (NASDAQ:GASS) by 11.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,367,285 shares of the shipping company’s stock after selling 174,380 shares during the period. Boston Partners owned 3.44% of StealthGas worth $4,444,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GASS. Towerview LLC raised its position in shares of StealthGas by 33.3% in the second quarter. Towerview LLC now owns 200,000 shares of the shipping company’s stock valued at $650,000 after buying an additional 50,000 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of StealthGas by 17.5% in the second quarter. Russell Investments Group Ltd. now owns 539,413 shares of the shipping company’s stock valued at $1,754,000 after buying an additional 80,498 shares in the last quarter. Gagnon Securities LLC raised its position in shares of StealthGas by 9.8% in the second quarter. Gagnon Securities LLC now owns 155,524 shares of the shipping company’s stock valued at $505,000 after buying an additional 13,839 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of StealthGas during the first quarter valued at $114,000. Finally, Renaissance Technologies LLC raised its position in shares of StealthGas by 3.3% in the first quarter. Renaissance Technologies LLC now owns 1,504,619 shares of the shipping company’s stock valued at $6,003,000 after buying an additional 48,319 shares in the last quarter. 62.66% of the stock is owned by institutional investors.

StealthGas, Inc. (GASS) opened at 3.08 on Friday. The firm’s market capitalization is $122.59 million. The stock has a 50 day moving average of $3.10 and a 200 day moving average of $3.52. StealthGas, Inc. has a 12-month low of $2.65 and a 12-month high of $4.78.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings results on Thursday, May 25th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.07. The firm had revenue of $38.06 million for the quarter, compared to analyst estimates of $33.30 million. StealthGas had a negative net margin of 4.41% and a negative return on equity of 0.09%. Equities research analysts anticipate that StealthGas, Inc. will post $0.16 earnings per share for the current year.

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Separately, Zacks Investment Research raised shares of StealthGas from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th.

StealthGas Company Profile

StealthGas Inc is a provider of international seaborne transportation services to liquefied petroleum gas (LPG) producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders. The Company owns a fleet of LPG carriers. Its LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.