StealthGas (NASDAQ:GASS) Downgraded by StockNews.com

StealthGas (NASDAQ:GASS – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Separately, TheStreet raised StealthGas from a “c” rating to a “b-” rating in a report on Monday.

StealthGas Stock Performance

NASDAQ GASS opened at $3.05 on Friday. The company has a fifty day moving average of $2.74 and a two-hundred day moving average of $2.81. The company has a market capitalization of $117.39 million, a PE ratio of 2.68 and a beta of 0.85. StealthGas has a 1 year low of $2.37 and a 1 year high of $4.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.85 and a quick ratio of 1.80.

StealthGas (NASDAQ:GASS – Get Rating) last announced its earnings results on Tuesday, February 21st. The shipping company reported $0.28 earnings per share (EPS) for the quarter. The firm had revenue of $36.20 million during the quarter. StealthGas had a return on equity of 8.93% and a net margin of 28.05%.

Institutional Investors Weigh In On StealthGas

Several hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new stake in shares of StealthGas during the fourth quarter worth approximately $27,000. JPMorgan Chase & Co. increased its stake in StealthGas by 183.3% in the 4th quarter. JPMorgan Chase & Co. now owns 17,000 shares of the shipping company’s stock valued at $46,000 after buying an additional 11,000 shares during the period. Advisor Group Holdings Inc. raised its position in StealthGas by 2,823.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 12,425 shares of the shipping company’s stock worth $33,000 after buying an additional 12,000 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of StealthGas in the 2nd quarter worth $52,000. Finally, Jane Street Group LLC purchased a new stake in shares of StealthGas in the fourth quarter valued at about $56,000. Institutional investors and hedge funds own 45.67% of the company’s stock.

StealthGas Company Profile

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StealthGas, Inc engages in the provision of international energy seaborne transportation services to liquefied petroleum gas sectors. It owns fleet of vessels that carry petroleum and petrochemical gas products in liquefied form such as propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer.