State Street Corp Grows Stock Holdings in StealthGas Inc. (NASDAQ:GASS)

State Street Corp boosted its stake in shares of StealthGas Inc. (NASDAQ:GASS) by 44.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,596 shares of the shipping company’s stock after buying an additional 14,093 shares during the period. State Street Corp owned 0.12% of StealthGas worth $311,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd increased its position in StealthGas by 14.8% during the third quarter. Quadrature Capital Ltd now owns 22,799 shares of the shipping company’s stock worth $155,000 after purchasing an additional 2,933 shares during the last quarter. PDT Partners LLC raised its holdings in StealthGas by 42.6% in the 3rd quarter. PDT Partners LLC now owns 34,211 shares of the shipping company’s stock valued at $233,000 after buying an additional 10,224 shares during the period. Towerview LLC lifted its holdings in shares of StealthGas by 10.0% in the 3rd quarter. Towerview LLC now owns 2,457,500 shares of the shipping company’s stock worth $16,736,000 after acquiring an additional 222,500 shares during the last quarter. Inspire Advisors LLC boosted its position in shares of StealthGas by 79.8% during the third quarter. Inspire Advisors LLC now owns 99,003 shares of the shipping company’s stock worth $674,000 after buying an additional 43,931 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of StealthGas in the second quarter valued at $504,000. 66.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

StealthGas Stock Performance

Shares of GASS opened at $6.01 on Friday. The stock has a 50-day simple moving average of $5.54 and a 200-day simple moving average of $6.24. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.59 and a current ratio of 2.66. StealthGas Inc. has a 1 year low of $4.82 and a 1 year high of $8.84. The stock has a market capitalization of $220.81 million, a PE ratio of 3.40 and a beta of 0.79.

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.