StealthGas (NASDAQ:GASS) Announces Earnings Results, Beats Estimates By $0.05 EPS

StealthGas (NASDAQ:GASS) released its earnings results on Tuesday. The shipping company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.31 by $0.05, RTT News reports. StealthGas had a net margin of 35.16% and a return on equity of 9.68%. During the same quarter in the previous year, the business posted $0.33 EPS.

StealthGas Trading Up 1.3%

Shares of NASDAQ:GASS traded up $0.09 during midday trading on Tuesday, reaching $6.91. The company had a trading volume of 27,857 shares, compared to its average volume of 104,686. The company has a fifty day simple moving average of $6.66 and a two-hundred day simple moving average of $6.62. The firm has a market cap of $256.63 million, a price-to-earnings ratio of 4.12 and a beta of 0.20. StealthGas has a 1-year low of $4.82 and a 1-year high of $8.18. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.73 and a current ratio of 3.87.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of StealthGas from a “hold” rating to a “buy” rating in a report on Saturday, August 30th. Weiss Ratings restated a “buy (b-)” rating on shares of StealthGas in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Institutional Trading of StealthGas

A number of hedge funds have recently bought and sold shares of the company. Sei Investments Co. boosted its stake in StealthGas by 14.8% in the 3rd quarter. Sei Investments Co. now owns 30,311 shares of the shipping company’s stock worth $199,000 after purchasing an additional 3,899 shares during the period. Bank of America Corp DE increased its position in StealthGas by 701.2% in the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after purchasing an additional 8,982 shares during the last quarter. Jane Street Group LLC bought a new position in StealthGas during the second quarter valued at approximately $91,000. Qube Research & Technologies Ltd raised its holdings in shares of StealthGas by 15.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 122,155 shares of the shipping company’s stock valued at $800,000 after purchasing an additional 16,129 shares in the last quarter. Finally, Jump Financial LLC lifted its position 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. 66.32% of the stock is owned by hedge funds and other institutional investors.

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.