StealthGas, Inc. (NASDAQ:GASS) issued its earnings results on Thursday. The shipping company reported $0.04 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04, MarketWatch Earnings reports. The business had revenue of $39.27 million during the quarter, compared to analysts’ expectations of $36.32 million. StealthGas had a negative return on equity of 0.09% and a negative net margin of 4.41%.
Shares of StealthGas (GASS) opened at 3.20 on Friday. StealthGas has a 52-week low of $2.65 and a 52-week high of $4.78. The company’s 50-day moving average price is $3.09 and its 200-day moving average price is $3.49. The firm’s market cap is $127.37 million.
Separately, Zacks Investment Research raised StealthGas from a “hold” rating to a “strong-buy” rating and set a $4.00 target price for the company in a research report on Tuesday, May 30th.
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Large investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its stake in StealthGas by 6.7% in the first quarter. Parametric Portfolio Associates LLC now owns 678,402 shares of the shipping company’s stock valued at $2,707,000 after buying an additional 42,867 shares during the period. Gagnon Securities LLC increased its stake in 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 during the period. Renaissance Technologies LLC increased its stake in 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 during the period. Russell Investments Group Ltd. increased its stake in StealthGas by 8.2% in the first quarter. Russell Investments Group Ltd. now owns 458,915 shares of the shipping company’s stock valued at $1,831,000 after buying an additional 34,900 shares during the period. Finally, Towerview LLC increased its stake in 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 during the period. 62.66% of the stock is owned by hedge funds and other institutional investors.
About StealthGas
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.
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