StealthGas Inc. (NASDAQ:GASS) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 10,100 shares, a decrease of 22.9% from the September 30th total of 13,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 25,100 shares, the days-to-cover ratio is currently 0.4 days.
Shares of GASS stock traded up $0.03 during mid-day trading on Friday, hitting $3.25. 21,700 shares of the stock were exchanged, compared to its average volume of 19,743. The company has a quick ratio of 1.10, a current ratio of 1.15 and a debt-to-equity ratio of 0.63. The company has a market cap of $125.88 million, a PE ratio of 104.57 and a beta of 1.49. The firm has a fifty day moving average of $3.26 and a 200 day moving average of $3.36. StealthGas has a 52-week low of $2.73 and a 52-week high of $4.18.
StealthGas (NASDAQ:GASS) last posted its quarterly earnings data on Thursday, August 22nd. The shipping company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $29.94 million during the quarter, compared to analysts’ expectations of $33.79 million. StealthGas had a negative net margin of 2.81% and a positive return on equity of 0.11%. Equities analysts predict that StealthGas will post 0.06 EPS for the current year.
GASS has been the topic of several recent analyst reports. ValuEngine lowered shares of StealthGas from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Zacks Investment Research raised shares of StealthGas from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.
Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its position in StealthGas by 18.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,985,339 shares of the shipping company’s stock valued at $10,267,000 after buying an additional 460,335 shares during the period. Renaissance Technologies LLC boosted its position in StealthGas by 5.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,087,726 shares of the shipping company’s stock valued at $7,182,000 after buying an additional 109,933 shares during the period. Towerview LLC boosted its position in StealthGas by 7.9% in the 2nd quarter. Towerview LLC now owns 580,000 shares of the shipping company’s stock valued at $1,995,000 after buying an additional 42,525 shares during the period. California Public Employees Retirement System boosted its position in StealthGas by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 538,400 shares of the shipping company’s stock valued at $1,631,000 after buying an additional 29,500 shares during the period. Finally, Boston Partners boosted its position in StealthGas by 1.5% in the 2nd quarter. Boston Partners now owns 1,204,487 shares of the shipping company’s stock valued at $4,144,000 after buying an additional 18,329 shares during the period. 59.45% of the stock is owned by hedge funds and other institutional investors.
StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. It also provides crude oil and product carriers chartered to oil producers, refiners, and commodities traders. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.
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