StealthGas Inc. (NASDAQ:GASS) Short Interest Update

StealthGas Inc. (NASDAQ:GASS) was the target of a large decline in short interest in February. As of February 15th, there was short interest totalling 33,500 shares, a decline of 13.4% from the January 31st total of 38,700 shares. Based on an average trading volume of 153,700 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On StealthGas

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Towerview LLC lifted its position in 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. Marshall Wace LLP lifted its position in StealthGas by 11.9% during the 4th quarter. Marshall Wace LLP now owns 366,203 shares of the shipping company’s stock worth $2,069,000 after buying an additional 39,027 shares in the last quarter. Two Sigma Advisers LP lifted its position in StealthGas by 22.5% during the 4th quarter. Two Sigma Advisers LP now owns 335,200 shares of the shipping company’s stock worth $1,894,000 after buying an additional 61,500 shares in the last quarter. Inspire Advisors LLC lifted its position in StealthGas by 22.4% during the 4th quarter. Inspire Advisors LLC now owns 121,206 shares of the shipping company’s stock worth $685,000 after buying an additional 22,203 shares in the last quarter. Finally, Sanctuary Advisors LLC increased its stake 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 purchasing an additional 11,383 shares during the last quarter. 66.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of StealthGas from a “buy” rating to a “hold” rating in a research report on Thursday.

StealthGas Trading Up 0.5 %

GASS opened at $5.57 on Friday. The stock has a market capitalization of $204.65 million, a P/E ratio of 3.15 and a beta of 0.75. StealthGas has a 12 month low of $4.82 and a 12 month high of $8.84. The firm’s fifty day simple moving average is $5.71 and its 200 day simple moving average is $5.92. The company has a current ratio of 2.66, a quick ratio of 2.59 and a debt-to-equity ratio of 0.13.

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

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.