StealthGas (NASDAQ:GASS) Director Michael Jolliffe Sells 1,300 Shares of Stock

StealthGas, Inc. (NASDAQ:GASS) Director Michael Jolliffe sold 1,300 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $9.21, for a total value of $11,973.00. Following the completion of the transaction, the director owned 90,700 shares in the company, valued at approximately $835,347. This represents a 1.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Jolliffe also recently made the following trade(s):

• On Tuesday, September 15th, Michael Jolliffe sold 36,200 shares of StealthGas stock. The stock was sold at an average price of $9.25, for a total value of $334,850.00.

StealthGas Stock Performance

NASDAQ:GASS traded up $0.01 on Wednesday, hitting $9.33. 174,564 shares of the stock were exchanged, compared to its average volume of 141,453. StealthGas, Inc. has a 52 week low of $6.12 and a 52 week high of $10.55. The stock has a market capitalization of $351.09 million, a price-to-earnings ratio of 5.87 and a beta of 0.25. The company’s 50-day moving average price is $9.08 and its 200 day moving average price is $9.22.

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

Analyst Ratings Changes

GASS has been the subject of a number of analyst reports. Weiss Ratings lowered shares of StealthGas from a “buy (b)” rating to a “hold (c)” rating in a report on Thursday, September 3rd. Wall Street Zen lowered StealthGas from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, StealthGas currently has a consensus rating of “Hold”.

Institutional Trading of StealthGas

A number of hedge funds have recently modified their holdings of GASS. Renaissance Technologies LLC boosted its stake in StealthGas by 0.8% during the 1st quarter. Renaissance Technologies LLC now owns 2,032,631 shares of the shipping company’s stock worth $18,660,000 after acquiring an additional 17,100 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in 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 purchasing an additional 12,142 shares during the period. Janney Montgomery Scott LLC increased its stake in StealthGas by 1.3% in the first quarter. Janney Montgomery Scott LLC now owns 155,140 shares of the shipping company’s stock valued at $1,424,000 after purchasing an additional 1,929 shares in the last quarter. NewEdge Advisors LLC raised its holdings in StealthGas by 24.1% in the second quarter. NewEdge Advisors LLC now owns 62,191 shares of the shipping company’s stock worth $491,000 after purchasing an additional 12,097 shares during the period. Finally, Militia Capital Management LLC acquired a new stake in StealthGas in the first quarter worth $422,000. 66.32% of the stock is currently owned by institutional investors and hedge funds.

About StealthGas

StealthGas, Inc (NASDAQ: GASS) is a maritime transportation company that owns and operates vessels used to transport liquefied petroleum gas (LPG). The company focuses primarily on small- and medium-sized LPG carriers, which transport products such as propane and butane for energy companies, commodity traders and other commercial customers.

StealthGas provides seaborne transportation services through a combination of time charters, voyage charters and other contractual arrangements. Its vessels serve international LPG trade routes, connecting production and export regions with markets and distribution facilities worldwide.