StealthGas (NASDAQ:GASS) issued its quarterly earnings results on Thursday. The shipping company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.08, Morningstar.com reports. StealthGas had a negative net margin of 7.47% and a positive return on equity of 0.03%.

GASS stock opened at $3.26 on Friday. StealthGas has a 12-month low of $2.73 and a 12-month high of $4.18. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.34 and a quick ratio of 1.32. The company has a market capitalization of $126.41 million, a price-to-earnings ratio of 320.00 and a beta of 1.53.

A number of research firms have issued reports on GASS. Zacks Investment Research upgraded shares of StealthGas from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research report on Monday, April 29th. ValuEngine downgraded shares of StealthGas from a “buy” rating to a “hold” rating in a research report on Thursday, January 24th. Finally, Maxim Group reiterated a “buy” rating and issued a $5.50 target price on shares of StealthGas in a research report on Wednesday, March 27th.

In other StealthGas news, major shareholder Glendon Capital Management Lp purchased 18,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were bought at an average price of $3.09 per share, for a total transaction of $55,620.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Opportunities Fund L. Glendon purchased 422,065 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average price of $3.30 per share, for a total transaction of $1,392,814.50. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 533,136 shares of company stock valued at $1,751,339.

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of StealthGas during the 1st quarter worth $39,000. Millennium Management LLC acquired a new position in shares of StealthGas during the 4th quarter worth $41,000. Geode Capital Management LLC increased its stake in shares of StealthGas by 71.5% during the 4th quarter. Geode Capital Management LLC now owns 29,544 shares of the shipping company’s stock worth $81,000 after purchasing an additional 12,321 shares during the last quarter. Morgan Stanley increased its stake in shares of StealthGas by 23.7% during the 1st quarter. Morgan Stanley now owns 44,000 shares of the shipping company’s stock worth $154,000 after purchasing an additional 8,433 shares during the last quarter. Finally, BlackRock Inc. acquired a new position in shares of StealthGas during the 4th quarter worth $592,000. Institutional investors own 59.02% of the company’s stock.

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StealthGas Company Profile

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. It also provides crude oil and product carriers chartered to oil producers, refiners, and commodities traders. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.

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Earnings History for StealthGas (NASDAQ:GASS)

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