StealthGas (NASDAQ:GASS) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of StealthGas (NASDAQ:GASS) from a buy rating to a strong-buy rating in a report published on Friday morning.

StealthGas Trading Up 7.3 %

GASS stock traded up $0.50 during midday trading on Friday, reaching $7.37. The stock had a trading volume of 163,237 shares, compared to its average volume of 119,174. StealthGas has a twelve month low of $3.03 and a twelve month high of $7.98. The business has a fifty day simple moving average of $6.23 and a two-hundred day simple moving average of $6.49. The company has a quick ratio of 3.07, a current ratio of 3.12 and a debt-to-equity ratio of 0.19. The firm has a market cap of $266.35 million, a price-to-earnings ratio of 5.19 and a beta of 0.77.

StealthGas (NASDAQ:GASS) last released its quarterly earnings data on Wednesday, February 21st. The shipping company reported $0.29 EPS for the quarter. StealthGas had a return on equity of 9.28% and a net margin of 35.95%. The company had revenue of $30.83 million during the quarter.

Institutional Investors Weigh In On StealthGas

Several hedge funds have recently added to or reduced their stakes in the business. Dorsey Wright & Associates purchased a new position in shares of StealthGas in the 3rd quarter worth approximately $25,000. Jump Financial LLC increased its holdings in StealthGas by 16.6% during the fourth quarter. Jump Financial LLC now owns 38,469 shares of the shipping company’s stock worth $249,000 after buying an additional 5,475 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in StealthGas by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 97,163 shares of the shipping company’s stock valued at $577,000 after acquiring an additional 8,054 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in StealthGas by 21.0% in the first quarter. Russell Investments Group Ltd. now owns 54,736 shares of the shipping company’s stock valued at $325,000 after purchasing an additional 9,512 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in StealthGas during the first quarter valued at $62,000. 66.32% of the stock is currently owned by institutional investors and hedge funds.

StealthGas Company Profile

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.