10,917 Shares in StealthGas Inc. (NASDAQ:GASS) Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC purchased a new stake in shares of StealthGas Inc. (NASDAQ:GASS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,917 shares of the shipping company’s stock, valued at approximately $61,000.

Several other institutional investors have also added to or reduced their stakes in GASS. Bank of America Corp DE grew its holdings in shares of StealthGas by 701.2% in the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock valued at $58,000 after purchasing an additional 8,982 shares in the last quarter. Altshuler Shaham Ltd lifted its position in StealthGas by 5,542.0% during the fourth quarter. Altshuler Shaham Ltd now owns 14,500 shares of the shipping company’s stock valued at $82,000 after purchasing an additional 14,243 shares during the last quarter. Marshall Wace LLP grew its stake in shares of StealthGas by 11.9% in the 4th quarter. Marshall Wace LLP now owns 366,203 shares of the shipping company’s stock worth $2,069,000 after buying an additional 39,027 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of StealthGas in the 4th quarter worth about $88,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of StealthGas by 156.1% in the 4th quarter. JPMorgan Chase & Co. now owns 72,770 shares of the shipping company’s stock worth $411,000 after buying an additional 44,354 shares during the last quarter. Hedge funds and other institutional investors own 66.32% of the company’s stock.

StealthGas Price Performance

Shares of StealthGas stock opened at $5.34 on Monday. The stock has a market cap of $197.47 million, a price-to-earnings ratio of 3.02 and a beta of 0.28. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.59 and a current ratio of 2.66. The stock has a 50 day moving average price of $5.41 and a 200-day moving average price of $5.53. StealthGas Inc. has a one year low of $4.82 and a one year high of $8.84.

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 net margin of 40.87% and a return on equity of 11.36%. The company had revenue of $40.25 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered StealthGas from a “buy” rating to a “hold” rating in a research report on Tuesday, May 13th.

About StealthGas

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.