StealthGas Inc. (NASDAQ:GASS) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in StealthGas Inc. (NASDAQ:GASS) by 156.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,770 shares of the shipping company’s stock after buying an additional 44,354 shares during the period. JPMorgan Chase & Co. owned 0.20% of StealthGas worth $411,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. DGS Capital Management LLC grew its holdings in StealthGas by 12.8% in the 4th quarter. DGS Capital Management LLC now owns 21,698 shares of the shipping company’s stock worth $123,000 after buying an additional 2,461 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in StealthGas by 34.0% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,808 shares of the shipping company’s stock worth $140,000 after acquiring an additional 6,299 shares during the period. Navellier & Associates Inc. grew its stake in shares of StealthGas by 12.0% in the fourth quarter. Navellier & Associates Inc. now owns 69,686 shares of the shipping company’s stock worth $394,000 after purchasing an additional 7,440 shares in the last quarter. R Squared Ltd acquired a new position in shares of StealthGas during the fourth quarter valued at $53,000. Finally, State Street Corp increased its holdings in shares of StealthGas by 44.7% during the third quarter. State Street Corp now owns 45,596 shares of the shipping company’s stock valued at $311,000 after purchasing an additional 14,093 shares during the period. 66.32% of the stock is currently owned by institutional investors.

StealthGas Trading Up 2.6 %

StealthGas stock opened at $5.52 on Friday. The stock has a market capitalization of $204.12 million, a PE ratio of 3.12 and a beta of 0.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.66 and a quick ratio of 2.59. StealthGas Inc. has a 12-month low of $4.82 and a 12-month high of $8.84. The firm has a 50 day simple moving average of $5.46 and a 200-day simple moving average of $5.61.

StealthGas (NASDAQ:GASS) last posted its quarterly earnings data on Friday, February 21st. The shipping company reported $0.38 EPS for the quarter. StealthGas had a return on equity of 11.36% and a net margin of 40.87%. The company had revenue of $40.25 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of StealthGas from a “hold” rating to a “buy” rating in a research report on Friday, March 14th.

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.