R Squared Ltd Makes New Investment in StealthGas, Inc. $GASS

R Squared Ltd acquired a new position in StealthGas, Inc. (NASDAQ:GASS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,480 shares of the shipping company’s stock, valued at approximately $106,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its stake 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 buying an additional 8,982 shares in the last quarter. Jump Financial LLC purchased a new position in shares of StealthGas in the 1st quarter worth $63,000. Mraz Amerine & Associates Inc. bought a new stake in shares of StealthGas in the 1st quarter worth about $102,000. XTX Topco Ltd boosted its stake in shares of StealthGas by 18.3% during the 1st quarter. XTX Topco Ltd now owns 18,328 shares of the shipping company’s stock worth $104,000 after purchasing an additional 2,837 shares during the period. Finally, Sowell Financial Services LLC boosted its stake in shares of StealthGas by 14.4% during the 2nd quarter. Sowell Financial Services LLC now owns 19,900 shares of the shipping company’s stock worth $128,000 after purchasing an additional 2,500 shares during the period. 66.32% of the stock is owned by hedge funds and other institutional investors.

StealthGas Trading Down 1.8%

Shares of GASS opened at $6.48 on Monday. StealthGas, Inc. has a 1-year low of $4.82 and a 1-year high of $8.18. The company has a 50-day moving average of $6.94 and a 200 day moving average of $6.39. The firm has a market capitalization of $240.80 million, a price-to-earnings ratio of 3.93 and a beta of 0.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.87 and a quick ratio of 3.73.

Analyst Ratings Changes

GASS has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of StealthGas in a research note on Saturday. Wall Street Zen raised shares of StealthGas from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, StealthGas presently has a consensus rating of “Buy”.

StealthGas Company Profile

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.