StealthGas (NASDAQ:GASS) Raised to “Buy” at Wall Street Zen

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

StealthGas Trading Down 1.3%

Shares of GASS stock opened at $9.18 on Friday. The company’s fifty day simple moving average is $9.60 and its 200-day simple moving average is $8.36. StealthGas has a 52 week low of $5.70 and a 52 week high of $10.55. The company has a market cap of $344.43 million, a PE ratio of 5.60 and a beta of 0.25.

StealthGas (NASDAQ:GASS) last issued its earnings results on Monday, March 2nd. The shipping company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. StealthGas had a net margin of 35.03% and a return on equity of 9.08%. The business had revenue of $39.37 million for the quarter, compared to the consensus estimate of $39.80 million.

Hedge Funds Weigh In On StealthGas

A number of hedge funds have recently made changes to their positions in GASS. Bank of America Corp DE raised 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 valued at $58,000 after acquiring an additional 8,982 shares during the period. Jump Financial LLC grew its holdings in StealthGas by 249.2% during the 2nd quarter. Jump Financial LLC now owns 38,651 shares of the shipping company’s stock valued at $248,000 after purchasing an additional 27,583 shares in the last quarter. Jane Street Group LLC acquired a new stake in StealthGas during the 2nd quarter valued at $91,000. Towerview LLC grew its holdings in StealthGas by 2.0% during the 3rd quarter. Towerview LLC now owns 2,907,500 shares of the shipping company’s stock valued at $19,044,000 after purchasing an additional 57,571 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in StealthGas by 129.9% during the 3rd quarter. GSA Capital Partners LLP now owns 29,959 shares of the shipping company’s stock valued at $196,000 after purchasing an additional 16,928 shares in the last quarter. Hedge funds and other institutional investors own 66.32% of the company’s stock.

StealthGas Company Profile

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.