Stabilis Solutions (NASDAQ:SLNG) Director Edward Kuntz Purchases 7,500 Shares

Stabilis Solutions, Inc. (NASDAQ:SLNG) Director Edward Kuntz bought 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $3.89 per share, for a total transaction of $29,175.00. Following the acquisition, the director owned 69,839 shares of the company’s stock, valued at $271,673.71. This represents a 12.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Stabilis Solutions Price Performance

Shares of NASDAQ:SLNG opened at $3.94 on Thursday. Stabilis Solutions, Inc. has a 12 month low of $3.21 and a 12 month high of $6.36. The stock has a market cap of $73.28 million, a price-to-earnings ratio of -19.70 and a beta of -0.23. The stock’s 50 day moving average price is $3.95 and its 200 day moving average price is $4.59. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.93 and a quick ratio of 0.92.

Stabilis Solutions (NASDAQ:SLNG) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.18). The business had revenue of $10.38 million during the quarter, compared to analyst estimates of $12.34 million. Stabilis Solutions had a negative return on equity of 5.85% and a negative net margin of 6.25%.

Hedge Funds Weigh In On Stabilis Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in SLNG. Sei Investments Co. grew its position in Stabilis Solutions by 128.4% during the 1st quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock worth $505,000 after purchasing an additional 63,644 shares in the last quarter. Ancora Advisors LLC grew its position in Stabilis Solutions by 32.3% during the 3rd quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock worth $370,000 after purchasing an additional 20,718 shares in the last quarter. Russell Investments Group Ltd. grew its position in Stabilis Solutions by 30.2% during the 4th quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company’s stock worth $338,000 after purchasing an additional 17,213 shares in the last quarter. Citadel Advisors LLC grew its position in Stabilis Solutions by 37.7% during the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock worth $83,000 after purchasing an additional 5,238 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Stabilis Solutions by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after purchasing an additional 2,207 shares in the last quarter. 3.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Maxim Group lowered Stabilis Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $10.00.

Stabilis Solutions Company Profile

Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.