StealthGas (NASDAQ:GASS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of StealthGas (NASDAQ:GASS) from a hold rating to a buy rating in a research report released on Friday.

StealthGas Stock Performance

Shares of StealthGas stock opened at $5.55 on Friday. The stock’s fifty day moving average is $5.71 and its two-hundred day moving average is $5.91. The company has a market capitalization of $203.91 million, a PE ratio of 3.14 and a beta of 0.75. The company has a quick ratio of 2.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.13. StealthGas has a 52 week low of $4.82 and a 52 week high of $8.84.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings data on Friday, February 21st. The shipping company reported $0.38 EPS for the quarter. The company had revenue of $40.25 million for the quarter. StealthGas had a return on equity of 11.36% and a net margin of 40.87%.

Hedge Funds Weigh In On StealthGas

Hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp grew its position in shares of StealthGas by 44.7% during the 3rd quarter. State Street Corp now owns 45,596 shares of the shipping company’s stock worth $311,000 after buying an additional 14,093 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of StealthGas during the 3rd quarter worth $194,000. Sanctuary Advisors LLC grew its position in shares of StealthGas by 16.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 79,987 shares of the shipping company’s stock worth $545,000 after buying an additional 11,383 shares in the last quarter. PDT Partners LLC grew its position in shares of StealthGas by 42.6% during the 3rd quarter. PDT Partners LLC now owns 34,211 shares of the shipping company’s stock worth $233,000 after buying an additional 10,224 shares in the last quarter. Finally, Towerview LLC grew its position in shares of StealthGas by 12.4% during the 4th quarter. Towerview LLC now owns 2,762,500 shares of the shipping company’s stock worth $15,608,000 after buying an additional 305,000 shares in the last quarter. Institutional investors own 66.32% of the company’s stock.

About StealthGas

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.