StealthGas (NASDAQ:GASS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of StealthGas (NASDAQ:GASS) from a hold rating to a buy rating in a research note released on Sunday morning.

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of StealthGas in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

StealthGas Stock Down 0.3%

Shares of StealthGas stock opened at $7.06 on Friday. The stock has a market cap of $262.35 million, a price-to-earnings ratio of 4.20 and a beta of 0.22. StealthGas has a twelve month low of $4.90 and a twelve month high of $8.18. The company’s fifty day moving average is $6.81 and its 200 day moving average is $6.82.

StealthGas (NASDAQ:GASS) last announced its earnings results on Tuesday, November 25th. The shipping company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.31 by $0.05. StealthGas had a return on equity of 9.62% and a net margin of 35.02%.The firm had revenue of $44.53 million for the quarter, compared to the consensus estimate of $39.20 million. During the same period in the previous year, the business earned $0.33 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Towerview LLC boosted its stake in StealthGas by 2.9% during the second quarter. Towerview LLC now owns 2,849,929 shares of the shipping company’s stock worth $18,268,000 after acquiring an additional 79,929 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of StealthGas by 31.3% during the third quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock valued at $1,554,000 after purchasing an additional 56,493 shares during the period. UBS Group AG boosted its position in shares of StealthGas by 21.4% during the 3rd quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock worth $1,704,000 after purchasing an additional 45,846 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of StealthGas in the 3rd quarter valued at about $276,000. Finally, Cubist Systematic Strategies LLC increased its position in StealthGas by 136.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 72,009 shares of the shipping company’s stock valued at $407,000 after buying an additional 41,497 shares in the last quarter. Institutional investors and hedge funds own 66.32% of the company’s stock.

About StealthGas

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.