Imperial Petroleum Inc. (NASDAQ:IMPP) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of Imperial Petroleum Inc. (NASDAQ:IMPP) by 207.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 166,500 shares of the company’s stock after buying an additional 112,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.56% of Imperial Petroleum worth $501,000 at the end of the most recent quarter.

Separately, Towerview LLC grew its stake in Imperial Petroleum by 51.6% in the 4th quarter. Towerview LLC now owns 360,000 shares of the company’s stock worth $1,084,000 after acquiring an additional 122,510 shares during the period. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Imperial Petroleum Stock Up 2.4 %

Shares of Imperial Petroleum stock opened at $2.56 on Friday. Imperial Petroleum Inc. has a fifty-two week low of $2.12 and a fifty-two week high of $4.59. The business’s fifty day moving average is $2.45 and its two-hundred day moving average is $2.91. The firm has a market cap of $76.32 million, a PE ratio of 1.79 and a beta of 1.08.

Imperial Petroleum (NASDAQ:IMPP) last released its earnings results on Thursday, February 13th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $26.21 million for the quarter. Imperial Petroleum had a return on equity of 17.50% and a net margin of 34.01%.

Imperial Petroleum Profile

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.