Stabilis Solutions (NASDAQ:SLNG) Director Buys $29,175.00 in Stock

Stabilis Solutions, Inc. (NASDAQ:SLNGGet Free Report) Director Edward Kuntz purchased 7,500 shares of the stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $3.89 per share, for a total transaction of $29,175.00. Following the completion of the acquisition, the director owned 69,839 shares in the company, valued at $271,673.71. This represents a 12.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Stabilis Solutions Trading Up 9.1%

Stabilis Solutions stock opened at $3.94 on Thursday. The company’s fifty day simple moving average is $3.95 and its 200-day simple moving average is $4.59. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.09. Stabilis Solutions, Inc. has a 12 month low of $3.21 and a 12 month high of $6.36. The stock has a market cap of $73.28 million, a P/E ratio of -19.70 and a beta of -0.23.

Stabilis Solutions (NASDAQ:SLNGGet Free Report) last posted its quarterly 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 net margin of 6.25% and a negative return on equity of 5.85%. The company had revenue of $10.38 million for the quarter, compared to analysts’ expectations of $12.34 million.

Institutional Investors Weigh In On Stabilis Solutions

A number of large investors have recently bought and sold shares of SLNG. Dimensional Fund Advisors LP boosted its holdings in Stabilis Solutions by 13.5% in the third quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after purchasing an additional 2,207 shares in the last quarter. Citadel Advisors LLC boosted its holdings in Stabilis Solutions by 37.7% during the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after acquiring an additional 5,238 shares during the period. Russell Investments Group Ltd. boosted its holdings in Stabilis Solutions by 22.9% during the third quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock valued at $249,000 after acquiring an additional 10,643 shares during the period. Ancora Advisors LLC boosted its holdings in Stabilis Solutions by 32.3% during the third quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock valued at $370,000 after acquiring an additional 20,718 shares during the period. Finally, Sei Investments Co. boosted its holdings in Stabilis Solutions by 128.4% during the first quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock valued at $505,000 after acquiring an additional 63,644 shares during the period. 3.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Maxim Group cut 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Stabilis Solutions presently has an average rating of “Reduce” and an average price target of $10.00.

View Our Latest Analysis on Stabilis Solutions

Stabilis Solutions Company Profile

(Get Free Report)

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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