StealthGas (NASDAQ:GASS) Downgraded to Hold Rating by Wall Street Zen

StealthGas (NASDAQ:GASS) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of StealthGas in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, StealthGas currently has a consensus rating of “Buy”.

StealthGas Stock Performance

NASDAQ:GASS opened at $6.82 on Friday. The business’s 50-day moving average is $6.73 and its 200 day moving average is $6.78. StealthGas has a 12 month low of $4.85 and a 12 month high of $8.18. The company has a market capitalization of $253.43 million, a P/E ratio of 4.06 and a beta of 0.22.

StealthGas (NASDAQ:GASS) last announced its earnings results on Tuesday, November 25th. The shipping company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. StealthGas had a return on equity of 9.62% and a net margin of 35.02%.The firm had revenue of $44.53 million during the quarter, compared to analysts’ expectations of $39.20 million. During the same quarter in the previous year, the business earned $0.33 EPS.

Hedge Funds Weigh In On StealthGas

Large investors have recently added to or reduced their stakes in the stock. Sowell Financial Services LLC raised its position in shares of StealthGas by 14.4% in the second quarter. Sowell Financial Services LLC now owns 19,900 shares of the shipping company’s stock valued at $128,000 after buying an additional 2,500 shares during the last quarter. R Squared Ltd boosted its position in shares of StealthGas by 19.2% during the 3rd quarter. R Squared Ltd now owns 19,648 shares of the shipping company’s stock valued at $129,000 after acquiring an additional 3,168 shares during the last quarter. Sei Investments Co. grew its holdings in shares of StealthGas by 14.8% in the third quarter. Sei Investments Co. now owns 30,311 shares of the shipping company’s stock valued at $199,000 after purchasing an additional 3,899 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its position in StealthGas by 9.4% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 64,557 shares of the shipping company’s stock worth $414,000 after purchasing an additional 5,563 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. raised its stake in StealthGas by 49.7% during the second quarter. Mraz Amerine & Associates Inc. now owns 26,500 shares of the shipping company’s stock worth $170,000 after purchasing an additional 8,800 shares during the period. 66.32% of the stock is currently owned by institutional investors and hedge funds.

About StealthGas

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.