StealthGas (NASDAQ:GASS) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of StealthGas (NASDAQ:GASS) from a buy rating to a hold rating in a research note published on Friday.

StealthGas Price Performance

NASDAQ GASS opened at $5.97 on Friday. StealthGas has a one year low of $4.61 and a one year high of $8.84. The stock has a 50-day moving average of $6.53 and a 200 day moving average of $6.61. The company has a market capitalization of $215.76 million, a price-to-earnings ratio of 4.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in StealthGas by 9.9% in the second quarter. Acadian Asset Management LLC now owns 1,374,210 shares of the shipping company’s stock worth $10,073,000 after purchasing an additional 123,674 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in StealthGas by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 97,163 shares of the shipping company’s stock worth $577,000 after purchasing an additional 8,054 shares during the last quarter. GSA Capital Partners LLP boosted its position in StealthGas by 19.7% in the first quarter. GSA Capital Partners LLP now owns 85,117 shares of the shipping company’s stock worth $506,000 after purchasing an additional 14,033 shares during the last quarter. Inspire Advisors LLC boosted its position in StealthGas by 41.3% in the second quarter. Inspire Advisors LLC now owns 55,072 shares of the shipping company’s stock worth $405,000 after purchasing an additional 16,085 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in StealthGas by 21.0% in the first quarter. Russell Investments Group Ltd. now owns 54,736 shares of the shipping company’s stock worth $325,000 after purchasing an additional 9,512 shares during the last quarter. 66.32% of the stock is owned by hedge funds and other institutional investors.

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.