Stabilis Solutions (NASDAQ:SLNG) Shares Down 1.5% – Here’s What Happened

Stabilis Solutions, Inc. (NASDAQ:SLNG) dropped 1.5% during trading on Friday . The company traded as low as $3.70 and last traded at $3.91. 49,356 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 67,180 shares. The stock had previously closed at $3.97.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SLNG. Maxim Group cut shares of Stabilis Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Stabilis Solutions in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Stabilis Solutions currently has an average rating of “Reduce” and an average target price of $10.00.

Stabilis Solutions Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market cap of $72.73 million, a price-to-earnings ratio of -19.55 and a beta of -0.27. The business has a fifty day moving average price of $4.13 and a 200 day moving average price of $4.48.

Stabilis Solutions (NASDAQ:SLNG) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.22) earnings per share 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 net margin of 6.25% and a negative return on equity of 5.85%.

Insider Activity

In related news, Director Edward L. Kuntz acquired 7,500 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $3.89 per share, for a total transaction of $29,175.00. Following the transaction, the director directly owned 69,839 shares in the company, valued at $271,673.71. This trade represents a 12.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have purchased 9,667 shares of company stock worth $37,136. Insiders own 72.20% of the company’s stock.

Institutional Trading of Stabilis Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of SLNG. Sei Investments Co. lifted its stake in shares of Stabilis Solutions by 128.4% in the 1st quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock valued at $505,000 after acquiring an additional 63,644 shares during 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 acquiring an additional 20,718 shares during 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 acquiring an additional 17,213 shares during the last quarter. Citadel Advisors LLC increased its holdings in Stabilis Solutions by 37.7% in 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 increased its holdings in Stabilis Solutions by 13.5% in 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. Institutional investors own 3.81% of the company’s stock.

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.