28,416 Shares in StealthGas Inc. (NASDAQ:GASS) Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. purchased a new position in StealthGas Inc. (NASDAQ:GASS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,416 shares of the shipping company’s stock, valued at approximately $194,000. JPMorgan Chase & Co. owned about 0.08% of StealthGas as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Towerview LLC raised its holdings in shares of StealthGas by 10.0% during the third quarter. Towerview LLC now owns 2,457,500 shares of the shipping company’s stock valued at $16,736,000 after acquiring an additional 222,500 shares in the last quarter. State Street Corp lifted its holdings in StealthGas by 44.7% in the third quarter. State Street Corp now owns 45,596 shares of the shipping company’s stock worth $311,000 after buying an additional 14,093 shares during the period. Sanctuary Advisors LLC boosted its position in StealthGas by 16.6% during 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. PDT Partners LLC raised its position in shares of StealthGas by 42.6% in the 3rd quarter. PDT Partners LLC now owns 34,211 shares of the shipping company’s stock worth $233,000 after acquiring an additional 10,224 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its stake in shares of StealthGas by 14.8% in the 3rd quarter. Quadrature Capital Ltd now owns 22,799 shares of the shipping company’s stock valued at $155,000 after purchasing an additional 2,933 shares during the period. Hedge funds and other institutional investors own 66.32% of the company’s stock.

StealthGas Price Performance

Shares of GASS stock opened at $5.64 on Friday. The company has a quick ratio of 2.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.13. The stock has a market cap of $207.21 million, a price-to-earnings ratio of 3.19 and a beta of 0.79. The business’s fifty day moving average is $5.50 and its 200 day moving average is $6.03. StealthGas Inc. has a twelve month low of $4.82 and a twelve month high of $8.84.

StealthGas (NASDAQ:GASS) last posted its quarterly earnings results on Monday, November 25th. The shipping company reported $0.33 earnings per share for the quarter. StealthGas had a return on equity of 11.36% and a net margin of 40.87%.

StealthGas Profile

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.