Key Points
- StealthGas Director Michael Jolliffe sold 36,200 shares at an average price of $9.25, receiving $334,850. He now owns 54,500 shares, a 39.91% reduction in his direct holdings, following another sale of 1,300 shares the prior day.
- StealthGas reported quarterly EPS of $0.46, missing the $0.53 analyst consensus, while revenue of $42.91 million fell short of the $44.90 million estimate.
- The stock opened at $9.33 with a market capitalization of approximately $351 million. Analysts have a consensus “Hold” rating after two recent downgrades, while institutional investors own 66.32% of shares.
StealthGas, Inc. (NASDAQ:GASS - Get Free Report) Director Michael Jolliffe sold 1,300 shares of the company's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $9.21, for a total value of $11,973.00. Following the completion of the transaction, the director owned 90,700 shares of the company's stock, valued at $835,347. This trade represents a 1.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Michael Jolliffe also recently made the following trade(s):
- On Tuesday, September 15th, Michael Jolliffe sold 36,200 shares of StealthGas stock. The shares were sold at an average price of $9.25, for a total value of $334,850.00.
StealthGas Price Performance
Shares of StealthGas stock opened at $9.33 on Thursday. The firm has a market cap of $351.09 million, a PE ratio of 5.87 and a beta of 0.25. StealthGas, Inc. has a 1 year low of $6.12 and a 1 year high of $10.55. The stock has a fifty day moving average price of $9.09 and a 200-day moving average price of $9.22.
StealthGas (NASDAQ:GASS - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The shipping company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.07). The company had revenue of $42.91 million during the quarter, compared to analysts' expectations of $44.90 million. StealthGas had a return on equity of 7.87% and a net margin of 34.97%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Weiss Ratings cut shares of StealthGas from a "buy (b)" rating to a "hold (c)" rating in a research note on Thursday, September 3rd. Wall Street Zen lowered shares of StealthGas from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, StealthGas presently has an average rating of "Hold".
Read Our Latest Stock Analysis on GASS
Institutional Trading of StealthGas
Hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd grew its stake in shares of StealthGas by 3.7% during the 2nd quarter. WINTON GROUP Ltd now owns 41,680 shares of the shipping company's stock worth $329,000 after acquiring an additional 1,483 shares during the period. Janney Montgomery Scott LLC raised its stake in StealthGas by 1.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 155,140 shares of the shipping company's stock valued at $1,424,000 after acquiring an additional 1,929 shares during the period. NewEdge Advisors LLC raised its stake in StealthGas by 5.0% in the 1st quarter. NewEdge Advisors LLC now owns 50,094 shares of the shipping company's stock valued at $460,000 after acquiring an additional 2,388 shares during the period. R Squared Ltd lifted its holdings in StealthGas by 8.7% during the first quarter. R Squared Ltd now owns 38,175 shares of the shipping company's stock valued at $350,000 after purchasing an additional 3,071 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in StealthGas by 2.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 514,871 shares of the shipping company's stock valued at $4,727,000 after purchasing an additional 12,142 shares during the last quarter. 66.32% of the stock is currently owned by institutional investors.
StealthGas Company Profile
(
Get Free Report)
StealthGas, Inc (NASDAQ: GASS) is a maritime transportation company that owns and operates vessels used to transport liquefied petroleum gas (LPG). The company focuses primarily on small- and medium-sized LPG carriers, which transport products such as propane and butane for energy companies, commodity traders and other commercial customers.
StealthGas provides seaborne transportation services through a combination of time charters, voyage charters and other contractual arrangements. Its vessels serve international LPG trade routes, connecting production and export regions with markets and distribution facilities worldwide.
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