Towerview LLC lifted its position in StealthGas, Inc. (NASDAQ:GASS – Free Report) by 5.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,067,500 shares of the shipping company’s stock after purchasing an additional 160,000 shares during the quarter. StealthGas accounts for about 15.6% of Towerview LLC’s holdings, making the stock its 2nd largest holding. Towerview LLC owned approximately 0.08% of StealthGas worth $21,534,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GASS. Bank of America Corp DE boosted its holdings in shares of StealthGas by 701.2% in the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after purchasing an additional 8,982 shares in the last quarter. Jump Financial LLC boosted its holdings in StealthGas by 249.2% during the 2nd quarter. Jump Financial LLC now owns 38,651 shares of the shipping company’s stock valued at $248,000 after acquiring an additional 27,583 shares during the period. Jane Street Group LLC purchased a new stake in StealthGas during the 2nd quarter valued at about $91,000. GSA Capital Partners LLP boosted its holdings in StealthGas by 129.9% during the 3rd quarter. GSA Capital Partners LLP now owns 29,959 shares of the shipping company’s stock valued at $196,000 after acquiring an additional 16,928 shares during the period. Finally, R Squared Ltd boosted its holdings in StealthGas by 19.2% during the 3rd quarter. R Squared Ltd now owns 19,648 shares of the shipping company’s stock valued at $129,000 after acquiring an additional 3,168 shares during the period. 66.32% of the stock is currently owned by hedge funds and other institutional investors.
StealthGas Price Performance
Shares of GASS stock opened at $10.06 on Tuesday. The stock has a market capitalization of $377.45 million, a PE ratio of 6.13 and a beta of 0.25. StealthGas, Inc. has a 1-year low of $5.22 and a 1-year high of $10.52. The business has a 50-day moving average of $9.43 and a 200 day moving average of $8.05.
StealthGas Profile
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.
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