StealthGas (NASDAQ:GASS) Posts Earnings Results

StealthGas (NASDAQ:GASS) announced its quarterly earnings data on Monday. The shipping company reported $0.55 earnings per share (EPS) for the quarter, Zacks reports. StealthGas had a net margin of 39.49% and a return on equity of 10.79%.

StealthGas Stock Up 4.8%

NASDAQ:GASS traded up $0.35 on Monday, reaching $7.59. 138,056 shares of the stock traded hands, compared to its average volume of 101,144. The company has a market capitalization of $280.68 million, a price-to-earnings ratio of 4.21 and a beta of 0.39. The company has a current ratio of 1.90, a quick ratio of 1.83 and a debt-to-equity ratio of 0.05. StealthGas has a 12 month low of $4.82 and a 12 month high of $8.18. The company’s fifty day simple moving average is $6.72 and its 200 day simple moving average is $5.98.

Institutional Trading of StealthGas

A number of large investors have recently made changes to their positions in GASS. Jump Financial LLC boosted its holdings in shares of StealthGas by 249.2% in the second quarter. Jump Financial LLC now owns 38,651 shares of the shipping company’s stock worth $248,000 after buying an additional 27,583 shares during the last quarter. Jane Street Group LLC purchased a new position in StealthGas during the second quarter valued at approximately $91,000. Finally, Bank of America Corp DE lifted its holdings in StealthGas by 701.2% during the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock valued at $58,000 after purchasing an additional 8,982 shares in the last quarter. 66.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of StealthGas from a “buy” rating to a “hold” rating in a research report on Friday, May 30th.

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.