Jump Financial LLC Makes New Investment in StealthGas, Inc. $GASS

Jump Financial LLC bought a new position in shares of StealthGas, Inc. (NASDAQ:GASS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,068 shares of the shipping company’s stock, valued at approximately $63,000.

A number of other institutional investors also recently bought and sold shares of the company. Towerview LLC boosted its position in StealthGas by 0.3% during the first quarter. Towerview LLC now owns 2,770,000 shares of the shipping company’s stock worth $15,650,000 after purchasing an additional 7,500 shares in the last quarter. Two Sigma Advisers LP boosted its position in 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 purchasing an additional 61,500 shares in the last quarter. Navellier & Associates Inc. boosted its position in StealthGas by 18.5% during the first quarter. Navellier & Associates Inc. now owns 82,572 shares of the shipping company’s stock worth $453,000 after purchasing an additional 12,886 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in StealthGas during the fourth quarter worth $333,000. Finally, Squarepoint Ops LLC boosted its position in StealthGas by 32.3% during the fourth quarter. Squarepoint Ops LLC now owns 52,348 shares of the shipping company’s stock worth $296,000 after purchasing an additional 12,777 shares in the last quarter. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

StealthGas Stock Down 0.7%

Shares of NASDAQ:GASS opened at $7.43 on Friday. The company has a quick ratio of 3.73, a current ratio of 3.87 and a debt-to-equity ratio of 0.04. StealthGas, Inc. has a 52-week low of $4.82 and a 52-week high of $8.18. The stock’s fifty day simple moving average is $6.89 and its 200-day simple moving average is $6.11. The company has a market capitalization of $276.11 million, a P/E ratio of 4.50 and a beta of 0.32.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded StealthGas from a “hold” rating to a “buy” rating in a research report on Saturday, August 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.