Cubist Systematic Strategies LLC Trims Holdings in StealthGas Inc. (NASDAQ:GASS)

Cubist Systematic Strategies LLC cut its stake in StealthGas Inc. (NASDAQ:GASS) by 65.7% during the 2nd quarter, according to its most recent Form 13F 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 period. Cubist Systematic Strategies LLC owned 0.10% of StealthGas worth $278,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its stake in StealthGas by 37.6% during the second quarter. Sei Investments Co. now owns 26,412 shares of the shipping company’s stock worth $194,000 after purchasing an additional 7,222 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of StealthGas by 9.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 97,163 shares of the shipping company’s stock valued at $577,000 after buying an additional 8,054 shares during the period. Russell Investments Group Ltd. grew its position in shares of StealthGas by 21.0% during the 1st 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 during the last quarter. EntryPoint Capital LLC acquired a new stake in StealthGas during the first quarter worth about $62,000. Finally, Virtu Financial LLC acquired a new stake in StealthGas during the first quarter worth about $64,000. 66.32% of the stock is currently owned by institutional investors.

StealthGas Price Performance

Shares of GASS opened at $6.60 on Tuesday. StealthGas Inc. has a 12 month low of $4.84 and a 12 month high of $8.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 2.43. The stock has a fifty day moving average price of $6.40 and a 200 day moving average price of $6.71. The company has a market cap of $238.54 million, a P/E ratio of 4.65 and a beta of 0.81.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.