Cubist Systematic Strategies LLC Has $278,000 Holdings in StealthGas Inc. (NASDAQ:GASS)

Cubist Systematic Strategies LLC decreased its stake in StealthGas Inc. (NASDAQ:GASS) by 65.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,771 shares of the shipping company’s stock after selling 72,505 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.10% of StealthGas worth $278,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. DGS Capital Management LLC bought a new position in shares of StealthGas during the first quarter valued at $106,000. Janney Montgomery Scott LLC increased its position in shares of StealthGas by 9.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 97,163 shares of the shipping company’s stock worth $577,000 after purchasing an additional 8,054 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in StealthGas by 19.7% during the 1st quarter. GSA Capital Partners LLP now owns 85,117 shares of the shipping company’s stock valued at $506,000 after purchasing an additional 14,033 shares during the last quarter. Inspire Advisors LLC acquired a new position in StealthGas in the first quarter valued at about $232,000. Finally, Russell Investments Group Ltd. boosted its position in StealthGas by 21.0% in the first quarter. Russell Investments Group Ltd. now owns 54,736 shares of the shipping company’s stock valued at $325,000 after buying an additional 9,512 shares in the last quarter. 66.32% of the stock is currently owned by institutional investors.

StealthGas Stock Down 1.0 %

NASDAQ GASS opened at $7.09 on Friday. The stock has a fifty day moving average of $6.34 and a 200-day moving average of $6.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.43 and a current ratio of 2.50. The stock has a market capitalization of $256.25 million, a P/E ratio of 4.99 and a beta of 0.81. StealthGas Inc. has a 52 week low of $4.78 and a 52 week high of $8.84.

StealthGas (NASDAQ:GASS) last posted its quarterly earnings results on Thursday, September 5th. The shipping company reported $0.70 earnings per share for the quarter. StealthGas had a net margin of 44.79% and a return on equity of 11.63%. The business had revenue of $39.12 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of StealthGas from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 15th.

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.