Ardmore Shipping (NYSE:ASC) Director Sells $48,996.60 in Stock

Posted by George Bondi on May 17th, 2026

Ardmore Shipping Corporation (NYSE:ASC – Get Free Report) Director Curtis Mcwilliams sold 2,572 shares of Ardmore Shipping stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $19.05, for a total value of $48,996.60. Following the sale, the director directly owned 78,101 shares in the company, valued at $1,487,824.05. The trade was a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Ardmore Shipping Stock Up 0.9%

NYSE ASC opened at $18.94 on Friday. The company has a current ratio of 4.87, a quick ratio of 4.43 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average is $16.17 and its two-hundred day moving average is $13.79. The company has a market capitalization of $771.30 million, a price-to-earnings ratio of 14.24 and a beta of 0.03. Ardmore Shipping Corporation has a 1-year low of $9.18 and a 1-year high of $20.02.

Ardmore Shipping (NYSE:ASC – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The shipping company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The company had revenue of $87.92 million for the quarter, compared to the consensus estimate of $58.08 million. Ardmore Shipping had a return on equity of 9.63% and a net margin of 18.00%.

Ardmore Shipping Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, May 29th. This is a positive change from Ardmore Shipping’s previous quarterly dividend of $0.09. This represents a $1.56 dividend on an annualized basis and a yield of 8.2%. Ardmore Shipping’s dividend payout ratio (DPR) is presently 27.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ASC. AQR Capital Management LLC raised its stake in shares of Ardmore Shipping by 31.2% in the first quarter. AQR Capital Management LLC now owns 77,769 shares of the shipping company’s stock valued at $761,000 after acquiring an additional 18,500 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ardmore Shipping by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,701 shares of the shipping company’s stock valued at $242,000 after acquiring an additional 1,102 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Ardmore Shipping by 7.5% in the first quarter. Empowered Funds LLC now owns 234,987 shares of the shipping company’s stock valued at $2,301,000 after acquiring an additional 16,458 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Ardmore Shipping by 23.1% in the second quarter. JPMorgan Chase & Co. now owns 311,162 shares of the shipping company’s stock valued at $2,987,000 after acquiring an additional 58,330 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Ardmore Shipping by 1,689.0% in the second quarter. EverSource Wealth Advisors LLC now owns 8,444 shares of the shipping company’s stock valued at $81,000 after acquiring an additional 7,972 shares during the last quarter. Institutional investors own 62.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ASC shares. Evercore set a $19.00 price objective on Ardmore Shipping in a report on Tuesday, April 21st. Wall Street Zen raised Ardmore Shipping from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.00.

Get Our Latest Stock Report on ASC

Ardmore Shipping Company Profile

(Get Free Report)

Ardmore Shipping Corporation is a Bermuda-based provider of seaborne transportation services for refined petroleum products. The company owns and operates a modern fleet of product tankers, including medium-range (MR), long-range 2 (LR2) and Aframax vessels. Ardmore Shipping focuses on the ocean carriage of clean and dirty petroleum products under time charters, bareboat charters and spot voyages, serving a diverse customer base that includes major oil companies and trading houses.

Since its founding in 2005, Ardmore Shipping has grown its fleet through newbuilding contracts, second-hand acquisitions and fleet renewals, aiming to maintain a high quality, fuel-efficient profile.