StealthGas (NASDAQ:GASS) Raised to Buy at StockNews.com

StealthGas (NASDAQ:GASS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

StealthGas Trading Down 0.4 %

Shares of GASS stock opened at $5.55 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.66 and a quick ratio of 2.59. The firm has a market cap of $203.91 million, a PE ratio of 3.14 and a beta of 0.75. The company has a 50-day moving average of $5.70 and a two-hundred day moving average of $5.90. StealthGas has a 1-year low of $4.82 and a 1-year high of $8.84.

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

Institutional Trading of StealthGas

Several hedge funds have recently made changes to their positions in GASS. Towerview LLC grew its holdings in shares of StealthGas by 12.4% in the fourth quarter. Towerview LLC now owns 2,762,500 shares of the shipping company’s stock valued at $15,608,000 after purchasing an additional 305,000 shares in the last quarter. Two Sigma Advisers LP grew its holdings in shares of StealthGas by 22.5% in the fourth quarter. Two Sigma Advisers LP now owns 335,200 shares of the shipping company’s stock valued at $1,894,000 after purchasing an additional 61,500 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of StealthGas in the fourth quarter valued at approximately $333,000. JPMorgan Chase & Co. grew its holdings in shares of StealthGas by 156.1% in the fourth quarter. JPMorgan Chase & Co. now owns 72,770 shares of the shipping company’s stock valued at $411,000 after purchasing an additional 44,354 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in 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 acquiring an additional 39,027 shares during the last quarter. Institutional investors and hedge funds 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.