Stabilis Solutions, Inc. (NASDAQ:SLNG) Short Interest Update

Stabilis Solutions, Inc. (NASDAQ:SLNG – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 15,666 shares, a decrease of 36.3% from the August 31st total of 24,600 shares. Based on an average trading volume of 58,700 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, Director Edward Kuntz purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was purchased at an average cost of $5.41 per share, with a total value of $27,050.00. Following the completion of the acquisition, the director directly owned 74,839 shares of the company’s stock, valued at approximately $404,878.99. This trade represents a 7.16% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 72.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its stake in Stabilis Solutions by 11.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 19,464 shares of the company’s stock valued at $79,000 after buying an additional 2,000 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Stabilis Solutions in the 2nd quarter valued at about $67,000. Bank of America Corp DE purchased a new position in Stabilis Solutions in the 2nd quarter valued at about $558,000. Tieton Capital Management LLC acquired a new stake in shares of Stabilis Solutions during the 2nd quarter worth about $950,000. Finally, BlackRock Inc. acquired a new stake in shares of Stabilis Solutions during the 2nd quarter worth about $50,000. 3.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Stabilis Solutions in a research note on Tuesday, September 1st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

View Our Latest Analysis on Stabilis Solutions

Stabilis Solutions Price Performance

Shares of NASDAQ SLNG opened at $4.91 on Thursday. 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 company’s 50-day moving average price is $5.35 and its 200 day moving average price is $4.51. Stabilis Solutions has a 52 week low of $3.21 and a 52 week high of $7.07. The stock has a market cap of $91.33 million, a price-to-earnings ratio of -11.69 and a beta of -0.26.

Stabilis Solutions (NASDAQ:SLNG – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17). Stabilis Solutions had a negative return on equity of 12.33% and a negative net margin of 14.06%.The business had revenue of $11.92 million for the quarter, compared to analyst estimates of $10.84 million.

Stabilis Solutions Company Profile

(Get Free Report)

Stabilis Solutions, Inc provides liquefied natural gas (LNG) products and related energy services to commercial and industrial customers. The company produces LNG and supplies it as an alternative fuel for applications that require reliable, lower-emission energy, including marine transportation, heavy-duty and high-horsepower equipment, power generation, and industrial operations.

Stabilis supports customers through an integrated model that includes LNG production, storage, transportation, and fueling.

Further Reading

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