StealthGas (NASDAQ:GASS) Shares Break Above 200-Day Moving Average – Time to Sell?

StealthGas, Inc. (NASDAQ:GASS) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $9.20 and traded as high as $9.26. StealthGas shares last traded at $9.08, with a volume of 81,822 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GASS shares. Wall Street Zen lowered shares of StealthGas from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings downgraded shares of StealthGas from a “buy (b)” rating to a “hold (c)” rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

StealthGas Price Performance

The firm has a 50-day simple moving average of $9.20 and a 200 day simple moving average of $9.20. The company has a market capitalization of $346.95 million, a PE ratio of 5.80 and a beta of 0.25.

StealthGas (NASDAQ:GASS) last issued its earnings results on Wednesday, September 2nd. The shipping company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.07). The company had revenue of $42.91 million during the quarter, compared to analysts’ expectations of $44.90 million. StealthGas had a return on equity of 7.87% and a net margin of 34.97%.

Insider Transactions at StealthGas

In other news, Director Michael Jolliffe sold 36,200 shares of StealthGas stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $9.25, for a total transaction of $334,850.00. Following the sale, the director owned 54,500 shares in the company, valued at $504,125. This trade represents a 39.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in StealthGas during the 2nd quarter worth $130,000. WINTON GROUP Ltd boosted its position in StealthGas by 3.7% in the 2nd quarter. WINTON GROUP Ltd now owns 41,680 shares of the shipping company’s stock valued at $329,000 after buying an additional 1,483 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of StealthGas by 24.1% during the second quarter. NewEdge Advisors LLC now owns 62,191 shares of the shipping company’s stock valued at $491,000 after acquiring an additional 12,097 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of StealthGas by 2.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 514,871 shares of the shipping company’s stock valued at $4,727,000 after acquiring an additional 12,142 shares in the last quarter. Finally, Militia Capital Management LLC purchased a new stake in shares of StealthGas during the first quarter worth about $422,000. 66.32% of the stock is owned by institutional investors and hedge funds.

StealthGas Company Profile

StealthGas, Inc is a maritime transportation company that specializes in the seaborne transport of liquefied petroleum gas (LPG). The company owns and operates a fleet of LPG carriers that transport propane, butane and other liquefied gases for energy companies, commodity traders and industrial customers.

StealthGas provides transportation services through time charters, voyage charters and other commercial arrangements. Its vessels serve international trade routes, supporting the movement of LPG between production centers, storage facilities and end markets across multiple regions.

Founded in 2004 and headquartered in Athens, Greece, StealthGas has also operated vessels in related segments of the tanker industry through affiliated companies and subsidiaries.