Imperial Petroleum Inc. (NASDAQ:IMPP) Holdings Decreased by Acadian Asset Management LLC

Acadian Asset Management LLC reduced its holdings in Imperial Petroleum Inc. (NASDAQ:IMPP) by 27.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,607 shares of the company’s stock after selling 39,578 shares during the period. Acadian Asset Management LLC owned about 0.36% of Imperial Petroleum worth $413,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IMPP. Privium Fund Management UK Ltd increased its holdings in shares of Imperial Petroleum by 95.3% in the 2nd quarter. Privium Fund Management UK Ltd now owns 89,757 shares of the company’s stock valued at $337,000 after purchasing an additional 43,796 shares during the period. PEAK6 Investments LLC purchased a new position in Imperial Petroleum during the first quarter valued at approximately $108,000. Finally, Deuterium Capital Management LLC increased its stake in Imperial Petroleum by 174.4% in the 1st quarter. Deuterium Capital Management LLC now owns 398,396 shares of the company’s stock valued at $1,247,000 after buying an additional 253,230 shares during the period. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Imperial Petroleum Stock Down 1.5 %

IMPP stock opened at $3.93 on Thursday. The company has a 50 day moving average of $3.98 and a two-hundred day moving average of $3.72. Imperial Petroleum Inc. has a 12-month low of $1.37 and a 12-month high of $4.59. The company has a market cap of $117.17 million, a price-to-earnings ratio of 2.81 and a beta of 1.21.

About Imperial Petroleum

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.