StealthGas, Inc. (NASDAQ:GASS – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.60 and traded as high as $7.16. StealthGas shares last traded at $6.82, with a volume of 127,031 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of StealthGas from a “buy” rating to a “hold” rating in a report on Friday, May 30th.
View Our Latest Analysis on GASS
StealthGas Price Performance
StealthGas (NASDAQ:GASS – Get Free Report) last announced its earnings results on Wednesday, May 28th. The shipping company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.11. The firm had revenue of $42.03 million during the quarter, compared to analyst estimates of $40.40 million. StealthGas had a net margin of 39.49% and a return on equity of 10.79%.
Institutional Trading of StealthGas
A number of institutional investors have recently modified their holdings of GASS. Bank of America Corp DE grew its holdings in shares of StealthGas by 701.2% during the fourth quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock worth $58,000 after buying an additional 8,982 shares in the last quarter. Lazard Asset Management LLC acquired a new position in StealthGas during the 4th quarter worth approximately $61,000. Jump Financial LLC bought a new position in shares of StealthGas during the 1st quarter worth approximately $63,000. Altshuler Shaham Ltd raised its holdings in shares of StealthGas by 5,542.0% in the fourth quarter. Altshuler Shaham Ltd now owns 14,500 shares of the shipping company’s stock valued at $82,000 after purchasing an additional 14,243 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of StealthGas in the fourth quarter worth $88,000. 66.32% of the stock is currently owned by institutional investors.
StealthGas Company Profile
StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.
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