Michael Jolliffe Sells 1,300 Shares of StealthGas (NASDAQ:GASS) Stock

StealthGas, Inc. (NASDAQ:GASS) Director Michael Jolliffe sold 1,300 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $9.21, for a total value of $11,973.00. Following the transaction, the director owned 90,700 shares in the company, valued at $835,347. The trade was a 1.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Michael Jolliffe also recently made the following trade(s):

• On Tuesday, September 15th, Michael Jolliffe sold 36,200 shares of StealthGas stock. The shares were sold at an average price of $9.25, for a total transaction of $334,850.00.

StealthGas Stock Performance

Shares of StealthGas stock opened at $9.68 on Friday. The firm has a 50-day moving average of $9.12 and a 200-day moving average of $9.23. StealthGas, Inc. has a 52-week low of $6.12 and a 52-week high of $10.55. The stock has a market cap of $364.26 million, a PE ratio of 6.09 and a beta of 0.25.

StealthGas (NASDAQ:GASS) last released its quarterly earnings results on Wednesday, September 2nd. The shipping company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.07). The business had revenue of $42.91 million for the quarter, compared to the consensus estimate of $44.90 million. StealthGas had a return on equity of 7.87% and a net margin of 34.97%.

Institutional Investors Weigh In On StealthGas

A number of large investors have recently bought and sold shares of GASS. Tidal Investments LLC bought a new stake in shares of StealthGas during the 2nd quarter worth approximately $130,000. SG Americas Securities LLC bought a new position in StealthGas in the first quarter valued at approximately $132,000. WINTON GROUP Ltd raised its position in StealthGas by 3.7% during the second quarter. WINTON GROUP Ltd now owns 41,680 shares of the shipping company’s stock valued at $329,000 after purchasing an additional 1,483 shares in the last quarter. R Squared Ltd raised its position in StealthGas by 8.7% during the first quarter. R Squared Ltd now owns 38,175 shares of the shipping company’s stock valued at $350,000 after purchasing an additional 3,071 shares in the last quarter. Finally, Militia Capital Management LLC bought a new stake in StealthGas during the first quarter worth $422,000. 66.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GASS has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of StealthGas from a “buy (b)” rating to a “hold (c)” rating in a research report on Thursday, September 3rd. Wall Street Zen lowered StealthGas from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

About StealthGas

StealthGas, Inc (NASDAQ: GASS) is a maritime transportation company that owns and operates vessels used to transport liquefied petroleum gas (LPG). The company focuses primarily on small- and medium-sized LPG carriers, which transport products such as propane and butane for energy companies, commodity traders and other commercial customers.

StealthGas provides seaborne transportation services through a combination of time charters, voyage charters and other contractual arrangements. Its vessels serve international LPG trade routes, connecting production and export regions with markets and distribution facilities worldwide.