Squarepoint Ops LLC Purchases 12,777 Shares of StealthGas Inc. (NASDAQ:GASS)

Squarepoint Ops LLC increased its position in shares of StealthGas Inc. (NASDAQ:GASS) by 32.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,348 shares of the shipping company’s stock after buying an additional 12,777 shares during the quarter. Squarepoint Ops LLC owned 0.14% of StealthGas worth $296,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Two Sigma Advisers LP grew its holdings in shares of StealthGas by 22.5% during the fourth quarter. Two Sigma Advisers LP now owns 335,200 shares of the shipping company’s stock worth $1,894,000 after buying an additional 61,500 shares in the last quarter. Lazard Asset Management LLC acquired a new position in StealthGas during the fourth quarter valued at approximately $61,000. Bank of America Corp DE boosted its position in StealthGas by 701.2% during 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 during the last quarter. Altshuler Shaham Ltd boosted 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. Finally, Marshall Wace LLP boosted its position in StealthGas by 11.9% during the fourth quarter. Marshall Wace LLP now owns 366,203 shares of the shipping company’s stock valued at $2,069,000 after purchasing an additional 39,027 shares during the last quarter. 66.32% of the stock is currently owned by institutional investors.

StealthGas Stock Performance

GASS opened at $6.28 on Friday. StealthGas Inc. has a 12-month low of $4.82 and a 12-month high of $8.53. The stock has a market cap of $232.23 million, a price-to-earnings ratio of 3.55 and a beta of 0.33. The business has a 50 day moving average of $5.43 and a 200-day moving average of $5.54. The company has a quick ratio of 2.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.13.

StealthGas (NASDAQ:GASS) last released its quarterly earnings results on Wednesday, May 28th. The shipping company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.11. StealthGas had a return on equity of 11.36% and a net margin of 40.87%. The business had revenue of $42.03 million during the quarter, compared to analysts’ expectations of $40.40 million.

Analyst Ratings Changes

Separately, Wall Street Zen cut StealthGas from a “buy” rating to a “hold” rating in a research report on Friday, May 30th.

StealthGas 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.