Towerview LLC Raises Stake in StealthGas, Inc. $GASS

Towerview LLC raised its position in StealthGas, Inc. (NASDAQ:GASS) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,067,500 shares of the shipping company’s stock after buying an additional 160,000 shares during the quarter. StealthGas comprises about 15.6% of Towerview LLC’s holdings, making the stock its 2nd largest position. Towerview LLC owned about 8.25% of StealthGas worth $21,534,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GASS. Bank of America Corp DE grew its position in shares of StealthGas by 701.2% in the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock valued at $58,000 after purchasing an additional 8,982 shares in the last quarter. Jump Financial LLC grew 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 valued at $248,000 after purchasing an additional 27,583 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of StealthGas in the second quarter valued at $91,000. GSA Capital Partners LLP grew its position in shares of StealthGas by 129.9% in the third quarter. GSA Capital Partners LLP now owns 29,959 shares of the shipping company’s stock valued at $196,000 after purchasing an additional 16,928 shares in the last quarter. Finally, R Squared Ltd grew its position in shares of StealthGas by 19.2% in the third quarter. R Squared Ltd now owns 19,648 shares of the shipping company’s stock valued at $129,000 after purchasing an additional 3,168 shares in the last quarter. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

StealthGas Stock Performance

Shares of NASDAQ GASS opened at $10.06 on Tuesday. The stock has a market cap of $377.45 million, a PE ratio of 6.13 and a beta of 0.25. The stock has a fifty day moving average of $9.43 and a 200-day moving average of $8.05. StealthGas, Inc. has a fifty-two week low of $5.22 and a fifty-two week high of $10.52.

StealthGas (NASDAQ:GASS) last announced its earnings results on Monday, March 2nd. The shipping company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. StealthGas had a return on equity of 9.08% and a net margin of 35.03%.The business had revenue of $39.37 million for the quarter, compared to analyst estimates of $39.80 million.

About StealthGas

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.