Stabilis Solutions (NASDAQ:SLNG) Stock Price Up 13.1% – Here’s What Happened

Stabilis Solutions, Inc. (NASDAQ:SLNG) shares rose 13.1% during trading on Thursday . The stock traded as high as $5.50 and last traded at $5.09. Approximately 332,949 shares were traded during mid-day trading, an increase of 1,098% from the average daily volume of 27,797 shares. The stock had previously closed at $4.50.

Wall Street Analysts Forecast Growth

Separately, Maxim Group lowered shares of Stabilis Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Stabilis Solutions has an average rating of “Reduce” and an average price target of $10.00.

Stabilis Solutions Stock Up 13.1%

The company’s fifty day moving average price is $3.97 and its 200-day moving average price is $4.50. The stock has a market capitalization of $94.67 million, a PE ratio of -25.45 and a beta of -0.27. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.09.

Stabilis Solutions (NASDAQ:SLNG) last released its earnings results on Wednesday, May 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.18). Stabilis Solutions had a negative net margin of 6.25% and a negative return on equity of 5.85%. The business had revenue of $10.38 million for the quarter, compared to analysts’ expectations of $12.34 million.

Insider Activity

In other Stabilis Solutions news, Director Edward L. Kuntz bought 7,500 shares of the stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $3.89 per share, for a total transaction of $29,175.00. Following the completion of the acquisition, the director owned 69,839 shares of the company’s stock, valued at approximately $271,673.71. This trade represents a 12.03% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have purchased 9,667 shares of company stock worth $37,136 in the last ninety days. 72.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Stabilis Solutions

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Stabilis Solutions by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock valued at $81,000 after purchasing an additional 2,207 shares during the last quarter. Citadel Advisors LLC increased its position in shares of Stabilis Solutions by 37.7% during the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after acquiring an additional 5,238 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Stabilis Solutions by 22.9% during the third quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock valued at $249,000 after acquiring an additional 10,643 shares in the last quarter. Ancora Advisors LLC increased its position in shares of Stabilis Solutions by 32.3% during the third quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock valued at $370,000 after acquiring an additional 20,718 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Stabilis Solutions by 128.4% during the first quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock valued at $505,000 after acquiring an additional 63,644 shares in the last quarter. 3.81% of the stock is currently owned by hedge funds and other institutional investors.

Stabilis Solutions Company Profile

Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.