Royce & Associates LP Lowers Position in Ardmore Shipping Corporation $ASC

Posted by Francis Steltz on May 30th, 2026

Royce & Associates LP cut its stake in Ardmore Shipping Corporation (NYSE:ASC – Free Report) by 24.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 555,530 shares of the shipping company’s stock after selling 184,000 shares during the quarter. Royce & Associates LP owned 1.37% of Ardmore Shipping worth $5,883,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. LSV Asset Management purchased a new stake in shares of Ardmore Shipping in the fourth quarter worth approximately $618,000. R Squared Ltd purchased a new stake in shares of Ardmore Shipping in the fourth quarter worth approximately $140,000. Glenorchy Capital Ltd raised its stake in shares of Ardmore Shipping by 1.3% in the fourth quarter. Glenorchy Capital Ltd now owns 127,072 shares of the shipping company’s stock worth $1,346,000 after purchasing an additional 1,582 shares during the last quarter. Inscription Capital LLC purchased a new stake in shares of Ardmore Shipping in the fourth quarter worth approximately $146,000. Finally, Ticino Wealth purchased a new stake in shares of Ardmore Shipping in the fourth quarter worth approximately $7,647,000. 62.22% of the stock is owned by hedge funds and other institutional investors.

Ardmore Shipping Stock Performance

Shares of ASC opened at $16.11 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 company has a market capitalization of $656.09 million, a price-to-earnings ratio of 12.11 and a beta of 0.03. The stock has a 50 day moving average of $16.86 and a 200 day moving average of $14.20. Ardmore Shipping Corporation has a 12 month low of $9.18 and a 12 month high of $20.02.

Ardmore Shipping (NYSE:ASC – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The shipping company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The company had revenue of $87.92 million during 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 firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given 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 dividend yield of 9.7%. Ardmore Shipping’s dividend payout ratio (DPR) is 117.29%.

Insider Activity at Ardmore Shipping

In related news, President Bart B. Kelleher sold 8,000 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $19.07, for a total transaction of $152,560.00. Following the completion of the sale, the president directly owned 60,039 shares of the company’s stock, valued at approximately $1,144,943.73. This trade represents a 11.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kirsi Tikka sold 12,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $18.93, for a total value of $227,160.00. Following the sale, the director directly owned 35,471 shares of the company’s stock, valued at $671,466.03. The trade was a 25.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 40,000 shares of company stock valued at $766,048.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ASC shares. Wall Street Zen raised Ardmore Shipping from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Evercore set a $19.00 price objective on Ardmore Shipping in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

Read Our Latest Report on ASC

About Ardmore Shipping

(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.