Stabilis Solutions, Inc. (NASDAQ:SLNG – Get Free Report)’s stock price traded down 1.5% on Friday . The stock traded as low as $3.70 and last traded at $3.91. Approximately 49,356 shares were traded during trading, a decline of 27% from the average session volume of 67,180 shares. The stock had previously closed at $3.97.
Wall Street Analyst Weigh In
SLNG has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stabilis Solutions in a research note on Thursday, June 4th. Maxim Group lowered shares of Stabilis Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $10.00.
Read Our Latest Report on Stabilis Solutions
Stabilis Solutions Stock Down 1.5%
Stabilis Solutions (NASDAQ:SLNG – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.18). Stabilis Solutions had a negative return on equity of 5.85% and a negative net margin of 6.25%.The company had revenue of $10.38 million for the quarter, compared to analyst estimates of $12.34 million.
Insider Activity
In related news, Director Edward L. Kuntz acquired 7,500 shares of the stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $3.89 per share, for a total transaction of $29,175.00. Following the completion of the transaction, the director directly owned 69,839 shares of the company’s stock, valued at $271,673.71. The trade was a 12.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders bought 9,667 shares of company stock worth $37,136 in the last ninety days. 72.20% of the stock is owned by company insiders.
Institutional Trading of Stabilis Solutions
Several institutional investors have recently added to or reduced their stakes in SLNG. Dimensional Fund Advisors LP increased its position in Stabilis Solutions by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock valued at $81,000 after purchasing an additional 2,207 shares during the period. Citadel Advisors LLC lifted its position in shares of Stabilis Solutions by 37.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock worth $83,000 after purchasing an additional 5,238 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Stabilis Solutions by 22.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock worth $249,000 after purchasing an additional 10,643 shares during the period. Ancora Advisors LLC boosted its stake in shares of Stabilis Solutions by 32.3% in the 3rd quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock valued at $370,000 after purchasing an additional 20,718 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Stabilis Solutions by 128.4% in the 1st quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock valued at $505,000 after purchasing an additional 63,644 shares during the last quarter. 3.81% of the stock is currently owned by institutional investors.
About Stabilis Solutions
Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.
In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.
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