BNP Paribas Financial Markets Lowers Stock Holdings in StealthGas Inc. (NASDAQ:GASS)

BNP Paribas Financial Markets lessened its holdings in shares of StealthGas Inc. (NASDAQ:GASS) by 58.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,873 shares of the shipping company’s stock after selling 15,490 shares during the quarter. BNP Paribas Financial Markets’ holdings in StealthGas were worth $74,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Acadian Asset Management LLC lifted its position in StealthGas by 9.9% during the second quarter. Acadian Asset Management LLC now owns 1,374,210 shares of the shipping company’s stock worth $10,073,000 after buying an additional 123,674 shares during the period. Inspire Advisors LLC lifted its holdings in shares of StealthGas by 41.3% during the 2nd quarter. Inspire Advisors LLC now owns 55,072 shares of the shipping company’s stock worth $405,000 after acquiring an additional 16,085 shares during the period. XTX Topco Ltd acquired a new stake in shares of StealthGas in the second quarter worth approximately $146,000. Sei Investments Co. boosted its position in shares of StealthGas by 37.6% in the second quarter. Sei Investments Co. now owns 26,412 shares of the shipping company’s stock worth $194,000 after acquiring an additional 7,222 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in StealthGas in the second quarter valued at approximately $504,000. Institutional investors and hedge funds own 66.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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

StealthGas Price Performance

Shares of StealthGas stock opened at $4.87 on Friday. The business’s fifty day moving average price is $5.76 and its 200 day moving average price is $6.45. StealthGas Inc. has a twelve month low of $4.82 and a twelve month high of $8.84. The company has a current ratio of 2.66, a quick ratio of 2.59 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $178.93 million, a P/E ratio of 2.75 and a beta of 0.80.

StealthGas Company 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.