StealthGas (NASDAQ:GASS) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of StealthGas (NASDAQ:GASS) from a buy rating to a hold rating in a research note released on Tuesday.

StealthGas Trading Up 1.1%

NASDAQ:GASS opened at $5.52 on Tuesday. The company has a quick ratio of 2.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.13. StealthGas has a 1-year low of $4.82 and a 1-year high of $8.84. The firm has a market capitalization of $204.12 million, a price-to-earnings ratio of 3.12 and a beta of 0.28. The stock has a fifty day simple moving average of $5.44 and a 200 day simple moving average of $5.56.

StealthGas (NASDAQ:GASS) last released its quarterly earnings results on Friday, February 21st. The shipping company reported $0.38 earnings per share for the quarter. StealthGas had a return on equity of 11.36% and a net margin of 40.87%. The business had revenue of $40.25 million during the quarter.

Hedge Funds Weigh In On StealthGas

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new position in shares of StealthGas in the 3rd quarter valued at $194,000. XTX Topco Ltd acquired a new stake in StealthGas during the 4th quarter worth about $88,000. Towerview LLC boosted its position in StealthGas by 12.4% during the 4th quarter. Towerview LLC now owns 2,762,500 shares of the shipping company’s stock worth $15,608,000 after acquiring an additional 305,000 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in StealthGas by 34.0% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,808 shares of the shipping company’s stock worth $140,000 after acquiring an additional 6,299 shares during the period. Finally, Virtu Financial LLC acquired a new stake in StealthGas during the 4th quarter worth about $142,000. Institutional investors and hedge funds own 66.32% of the company’s stock.

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.