Key Points
- Director Edward Kuntz bought 7,500 shares of Stabilis Solutions at $3.89 per share, spending $29,175 and increasing his ownership by 12.03% to 69,839 shares.
- Stabilis Solutions reported a weaker-than-expected quarter, posting EPS of -$0.22 versus the -$0.04 consensus and revenue of $10.38 million versus expectations of $12.34 million.
- Despite some institutional buying, Wall Street remains cautious: Maxim Group downgraded the stock to Hold, and the consensus rating stands at Reduce with an average target price of $10.00.
Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) Director Edward Kuntz purchased 7,500 shares of the business's stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $3.89 per share, with a total value of $29,175.00. Following the purchase, 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Stabilis Solutions Stock Up 0.3%
Shares of SLNG opened at $3.95 on Friday. The stock has a market cap of $73.47 million, a price-to-earnings ratio of -19.75 and a beta of -0.23. 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, Inc. has a 12 month low of $3.21 and a 12 month high of $6.36. The company has a 50-day moving average price of $3.92 and a two-hundred day moving average price of $4.58.
Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.18). The business had revenue of $10.38 million for the quarter, compared to the consensus estimate of $12.34 million. Stabilis Solutions had a negative return on equity of 5.85% and a negative net margin of 6.25%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Sei Investments Co. raised its stake in shares of Stabilis Solutions by 128.4% in 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 during the last quarter. Ancora Advisors LLC raised its stake in shares of Stabilis Solutions by 32.3% in 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 during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Stabilis Solutions by 30.2% in the fourth quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company's stock valued at $338,000 after acquiring an additional 17,213 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of Stabilis Solutions by 37.7% in 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 during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Stabilis Solutions by 13.5% in the third quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company's stock valued at $81,000 after acquiring an additional 2,207 shares during the last quarter. Institutional investors own 3.81% of the company's stock.
Wall Street Analyst Weigh In
Separately, Maxim Group cut shares of Stabilis Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $10.00.
Get Our Latest Stock Report on SLNG
Stabilis Solutions Company Profile
(
Get Free Report)
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.
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