Tieton Capital Management LLC acquired a new position in shares of Stabilis Solutions, Inc. (NASDAQ:SLNG – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 234,505 shares of the company’s stock, valued at approximately $950,000. Tieton Capital Management LLC owned about 1.26% of Stabilis Solutions as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in SLNG. BlackRock Inc. bought a new position in shares of Stabilis Solutions during the second quarter worth approximately $50,000. Dimensional Fund Advisors LP grew its holdings in Stabilis Solutions by 13.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock valued at $81,000 after buying an additional 2,207 shares in the last quarter. Citadel Advisors LLC grew its holdings in Stabilis Solutions by 37.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after buying an additional 5,238 shares in the last quarter. Russell Investments Group Ltd. increased its position in Stabilis Solutions by 22.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock worth $249,000 after buying an additional 10,643 shares during the period. Finally, Ancora Advisors LLC increased its position in Stabilis Solutions by 32.3% during the 3rd quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock worth $370,000 after buying an additional 20,718 shares during the period. Institutional investors own 3.81% of the company’s stock.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Stabilis Solutions in a research report on Thursday, June 4th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Stabilis Solutions presently has a consensus rating of “Reduce”.
Stabilis Solutions Trading Down 4.9%
Shares of SLNG stock opened at $5.65 on Thursday. The stock has a market cap of $105.09 million, a P/E ratio of -13.45 and a beta of -0.32. Stabilis Solutions, Inc. has a 1 year low of $3.21 and a 1 year high of $7.07. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 0.10. The stock has a 50 day simple moving average of $4.54 and a 200 day simple moving average of $4.44.
Stabilis Solutions (NASDAQ:SLNG – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.17). The company had revenue of $11.92 million during the quarter, compared to analyst estimates of $10.84 million. Stabilis Solutions had a negative net margin of 14.06% and a negative return on equity of 12.33%.
Stabilis Solutions Profile
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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