Key Points
- Director Edward Kuntz bought 5,000 Stabilis Solutions shares at $5.41 each, investing $27,050 and increasing his direct ownership by 7.16% to 74,839 shares.
- Stabilis Solutions reported quarterly revenue of $11.92 million, above estimates, but its $0.25 loss per share significantly missed the expected $0.08 loss.
- Analyst sentiment remains negative, with ratings of Hold and Sell producing an overall “Reduce” consensus; institutional investors own 3.81% of the company.
Stabilis Solutions, Inc. (NASDAQ:SLNG - Get Free Report) Director Edward Kuntz acquired 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 9th. The stock was acquired at an average cost of $5.41 per share, with a total value of $27,050.00. Following the completion of the acquisition, the director directly owned 74,839 shares in the company, valued at approximately $404,878.99. This represents a 7.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Stabilis Solutions Stock Up 2.1%
SLNG opened at $5.32 on Friday. The stock's 50 day moving average price is $5.01 and its 200 day moving average price is $4.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.59 and a quick ratio of 1.57. The stock has a market cap of $98.95 million, a P/E ratio of -12.67 and a beta of -0.26. Stabilis Solutions, Inc. has a 12 month low of $3.21 and a 12 month high of $7.07.
Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.17). Stabilis Solutions had a negative return on equity of 12.33% and a negative net margin of 14.06%.The business had revenue of $11.92 million for the quarter, compared to analyst estimates of $10.84 million.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Stabilis Solutions during the second quarter worth approximately $50,000. Susquehanna International Group LLP bought a new position in Stabilis Solutions during the 2nd quarter valued at $67,000. Dimensional Fund Advisors LP boosted its stake in Stabilis Solutions by 13.5% during the 3rd 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 in the last quarter. Citadel Advisors LLC increased its position in shares of Stabilis Solutions by 37.7% during the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company's stock valued at $83,000 after purchasing an additional 5,238 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in shares of Stabilis Solutions by 11.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 19,464 shares of the company's stock valued at $79,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 3.81% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Stabilis Solutions in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Reduce".
Get Our Latest Report on SLNG
About Stabilis Solutions
(
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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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