GSA Capital Partners LLP Sells 130,971 Shares of StealthGas Inc. (NASDAQ:GASS)

GSA Capital Partners LLP decreased its stake in shares of StealthGas Inc. (NASDAQ:GASS) by 83.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,110 shares of the shipping company’s stock after selling 130,971 shares during the period. GSA Capital Partners LLP owned approximately 0.07% of StealthGas worth $178,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its position in shares of StealthGas by 9.9% during the second quarter. Acadian Asset Management LLC now owns 1,374,210 shares of the shipping company’s stock valued at $10,073,000 after buying an additional 123,674 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of StealthGas in the first quarter worth $62,000. Russell Investments Group Ltd. increased its holdings in shares of StealthGas by 21.0% in the first quarter. Russell Investments Group Ltd. now owns 54,736 shares of the shipping company’s stock worth $325,000 after purchasing an additional 9,512 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of StealthGas during the 2nd quarter valued at approximately $504,000. Finally, Virtu Financial LLC bought a new stake in shares of StealthGas in the 1st quarter worth about $64,000. Institutional investors own 66.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered StealthGas from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 15th.

StealthGas Stock Performance

Shares of StealthGas stock opened at $6.05 on Monday. The company has a market capitalization of $222.28 million, a PE ratio of 3.27 and a beta of 0.83. StealthGas Inc. has a 52 week low of $5.59 and a 52 week high of $8.84. The company has a quick ratio of 2.43, a current ratio of 2.50 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average is $6.38 and its two-hundred day moving average is $6.71.

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

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.