Inspire Advisors LLC Has $685,000 Position in StealthGas Inc. (NASDAQ:GASS)

Inspire Advisors LLC raised its stake in StealthGas Inc. (NASDAQ:GASS) by 22.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 121,206 shares of the shipping company’s stock after buying an additional 22,203 shares during the period. Inspire Advisors LLC’s holdings in StealthGas were worth $685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of StealthGas in the fourth quarter valued at $53,000. DGS Capital Management LLC increased its holdings in shares of StealthGas by 12.8% in the fourth quarter. DGS Capital Management LLC now owns 21,698 shares of the shipping company’s stock valued at $123,000 after purchasing an additional 2,461 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of StealthGas by 14.8% in the third quarter. Quadrature Capital Ltd now owns 22,799 shares of the shipping company’s stock valued at $155,000 after purchasing an additional 2,933 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of StealthGas in the third quarter valued at about $194,000. Finally, PDT Partners LLC boosted its position in shares of StealthGas by 42.6% in the third quarter. PDT Partners LLC now owns 34,211 shares of the shipping company’s stock valued at $233,000 after acquiring an additional 10,224 shares during the period. 66.32% of the stock is currently owned by institutional investors and hedge funds.

StealthGas Trading Up 2.0 %

Shares of StealthGas stock opened at $5.53 on Wednesday. The firm has a 50-day moving average of $5.72 and a 200-day moving average of $5.91. The stock has a market cap of $203.18 million, a PE ratio of 3.12 and a beta of 0.75. StealthGas Inc. has a 52-week low of $4.82 and a 52-week high of $8.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.59 and a current ratio of 2.66.

StealthGas (NASDAQ:GASS) last announced its 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 during the quarter. StealthGas had a net margin of 40.87% and a return on equity of 11.36%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of StealthGas from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th.

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.