Wall Street Zen Downgrades StealthGas (NASDAQ:GASS) to Hold

StealthGas (NASDAQ:GASS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

StealthGas Stock Performance

StealthGas stock opened at $9.62 on Monday. The company has a market cap of $360.94 million, a P/E ratio of 5.73 and a beta of 0.21. StealthGas has a one year low of $6.12 and a one year high of $10.55. The business has a fifty day moving average of $9.61 and a two-hundred day moving average of $8.46.

Hedge Funds Weigh In On StealthGas

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in 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 last quarter. Jump Financial LLC boosted its holdings in shares of StealthGas by 249.2% during the second quarter. Jump Financial LLC now owns 38,651 shares of the shipping company’s stock worth $248,000 after purchasing an additional 27,583 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of StealthGas in the second quarter valued at $91,000. GSA Capital Partners LLP increased its stake in StealthGas by 129.9% in the third 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 during the last quarter. Finally, R Squared Ltd increased its stake in StealthGas by 19.2% in the third quarter. R Squared Ltd now owns 19,648 shares of the shipping company’s stock valued at $129,000 after purchasing an additional 3,168 shares during the last quarter. 66.32% of the stock is 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.