Insider Selling: StealthGas (NASDAQ:GASS) Director Sells $334,850.00 in Stock

StealthGas, Inc. (NASDAQ:GASS) Director Michael Jolliffe sold 36,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $9.25, for a total transaction of $334,850.00. Following the completion of the sale, the director owned 54,500 shares in the company, valued at $504,125. The trade was a 39.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, September 14th, Michael Jolliffe sold 1,300 shares of StealthGas stock. The shares were sold at an average price of $9.21, for a total value of $11,973.00.

StealthGas Stock Performance

Shares of GASS stock opened at $9.46 on Friday. StealthGas, Inc. has a 1 year low of $6.12 and a 1 year high of $10.55. The firm has a market capitalization of $355.98 million, a PE ratio of 5.95 and a beta of 0.25. The stock has a fifty day moving average of $9.13 and a two-hundred day moving average of $9.23.

StealthGas (NASDAQ:GASS) last issued 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 analyst estimates of $44.90 million. StealthGas had a net margin of 34.97% and a return on equity of 7.87%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wall Street Zen cut shares of StealthGas from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings lowered StealthGas from a “buy (b)” rating to a “hold (c)” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On StealthGas

Several hedge funds have recently modified their holdings of GASS. Tidal Investments LLC acquired a new position in shares of StealthGas in the 2nd quarter valued at $130,000. WINTON GROUP Ltd lifted its stake 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 buying an additional 1,483 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of StealthGas by 24.1% in the second quarter. NewEdge Advisors LLC now owns 62,191 shares of the shipping company’s stock worth $491,000 after buying an additional 12,097 shares during the period. Militia Capital Management LLC acquired a new position in shares of StealthGas in the first quarter worth about $422,000. Finally, Renaissance Technologies LLC increased its position in shares of StealthGas by 0.8% in the first quarter. Renaissance Technologies LLC now owns 2,032,631 shares of the shipping company’s stock worth $18,660,000 after acquiring an additional 17,100 shares in the last quarter. 66.32% of the stock is owned by hedge funds and other institutional investors.

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.