StealthGas (NASDAQ:GASS) Rating Lowered to Hold at Wall Street Zen

StealthGas (NASDAQ:GASS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of StealthGas in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

StealthGas Price Performance

GASS opened at $6.82 on Friday. The firm has a market capitalization of $253.43 million, a PE ratio of 4.06 and a beta of 0.22. StealthGas has a fifty-two week low of $4.85 and a fifty-two week high of $8.18. The company’s 50-day moving average is $6.73 and its 200 day moving average is $6.78.

StealthGas (NASDAQ:GASS) last issued its quarterly earnings results on Tuesday, November 25th. The shipping company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.05. StealthGas had a return on equity of 9.62% and a net margin of 35.02%.The company had revenue of $44.53 million during the quarter, compared to the consensus estimate of $39.20 million. During the same period last year, the business posted $0.33 earnings per share.

Institutional Trading of StealthGas

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GASS. Towerview LLC increased its position in StealthGas by 2.0% during the 3rd quarter. Towerview LLC now owns 2,907,500 shares of the shipping company’s stock valued at $19,044,000 after buying an additional 57,571 shares in the last quarter. Acadian Asset Management LLC increased its holdings in StealthGas by 1.7% in the 2nd quarter. Acadian Asset Management LLC now owns 1,091,498 shares of the shipping company’s stock worth $6,975,000 after buying an additional 17,750 shares in the last quarter. UBS Group AG lifted its stake in StealthGas by 21.4% during the 3rd quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock valued at $1,704,000 after acquiring an additional 45,846 shares during the period. Two Sigma Investments LP boosted its holdings in shares of StealthGas by 31.3% during the 3rd quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock valued at $1,554,000 after acquiring an additional 56,493 shares during the last quarter. Finally, Millennium Management LLC lifted its position in StealthGas by 24.5% during the third quarter. Millennium Management LLC now owns 208,190 shares of the shipping company’s stock valued at $1,364,000 after purchasing an additional 40,912 shares during the period. Hedge funds and other institutional investors own 66.32% of the company’s stock.

About StealthGas

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.