Edward L. Kuntz Purchases 5,000 Shares of Stabilis Solutions, Inc. (NASDAQ:SLNG) Stock

Stabilis Solutions, Inc. (NASDAQ:SLNG – Get Rating) Director Edward L. Kuntz bought 5,000 shares of Stabilis Solutions stock in a transaction on Monday, May 9th. The shares were purchased at an average cost of $4.13 per share, for a total transaction of $20,650.00. Following the acquisition, the director now owns 33,166 shares in the company, valued at $136,975.58. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

NASDAQ:SLNG opened at $4.30 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average price is $5.00. Stabilis Solutions, Inc. has a 52 week low of $2.98 and a 52 week high of $10.47. The company has a market cap of $78.23 million, a P/E ratio of -9.15 and a beta of 0.58.

Stabilis Solutions (NASDAQ:SLNG – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.08. Stabilis Solutions had a negative return on equity of 13.28% and a negative net margin of 10.15%.

SLNG has been the topic of a number of research analyst reports. TheStreet downgraded Stabilis Solutions from a “c-” rating to a “d+” rating in a report on Monday, April 11th. Johnson Rice initiated coverage on Stabilis Solutions in a report on Tuesday, March 29th. They set a “buy” rating and a $8.00 target price on the stock.

A hedge fund recently bought a new stake in Stabilis Solutions stock. Millennium Management LLC purchased a new position in Stabilis Solutions, Inc. (NASDAQ:SLNG – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 17,063 shares of the company’s stock, valued at approximately $170,000. Millennium Management LLC owned about 0.10% of Stabilis Solutions at the end of the most recent quarter. Hedge funds and other institutional investors own 2.44% of the company’s stock.

About Stabilis Solutions (Get Rating)

Stabilis Solutions, Inc, together with its subsidiaries, provides small-scale liquefied natural gas (LNG) production, distribution, and fueling services to various end markets in North America. It operates in two segments, LNG and Power Delivery. The company supplies LNG to the industrial, midstream, and oilfield sectors; and offers fuel solutions to industrial users of propane, diesel, and other crude-based fuel products, as well as provides cryogenic equipment rental and field services.

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