StealthGas (NASDAQ:GASS) Stock Rating Lowered by StockNews.com

StealthGas (NASDAQ:GASS) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

StealthGas Trading Up 0.5 %

StealthGas stock opened at $5.57 on Thursday. StealthGas has a 52 week low of $4.82 and a 52 week high of $8.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.59 and a current ratio of 2.66. The firm has a market capitalization of $204.65 million, a price-to-earnings ratio of 3.15 and a beta of 0.75. The company has a 50 day moving average price of $5.71 and a 200 day moving average price of $5.92.

StealthGas (NASDAQ:GASS) last issued its quarterly earnings results on Friday, February 21st. The shipping company reported $0.38 earnings per share for the quarter. The business had revenue of $40.25 million for the quarter. StealthGas had a return on equity of 11.36% and a net margin of 40.87%.

Institutional Investors Weigh In On StealthGas

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Towerview LLC grew its stake in shares of StealthGas by 12.4% in the 4th quarter. Towerview LLC now owns 2,762,500 shares of the shipping company’s stock valued at $15,608,000 after buying an additional 305,000 shares in the last quarter. Marshall Wace LLP lifted its position in shares of StealthGas by 11.9% in the fourth quarter. Marshall Wace LLP now owns 366,203 shares of the shipping company’s stock worth $2,069,000 after buying an additional 39,027 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of StealthGas by 22.5% during the 4th quarter. Two Sigma Advisers LP now owns 335,200 shares of the shipping company’s stock worth $1,894,000 after acquiring an additional 61,500 shares in the last quarter. Inspire Advisors LLC increased its holdings in shares of StealthGas by 22.4% during the 4th quarter. Inspire Advisors LLC now owns 121,206 shares of the shipping company’s stock valued at $685,000 after acquiring an additional 22,203 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of StealthGas by 16.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 79,987 shares of the shipping company’s stock valued at $545,000 after acquiring an additional 11,383 shares in the last quarter. Hedge funds and other institutional investors own 66.32% of the company’s stock.

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.