Navellier & Associates Inc. Purchases 7,440 Shares of StealthGas Inc. (NASDAQ:GASS)

Navellier & Associates Inc. lifted its position in shares of StealthGas Inc. (NASDAQ:GASS) by 12.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 69,686 shares of the shipping company’s stock after buying an additional 7,440 shares during the quarter. Navellier & Associates Inc.’s holdings in StealthGas were worth $394,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Towerview LLC grew its holdings in shares of StealthGas by 10.0% during the third quarter. Towerview LLC now owns 2,457,500 shares of the shipping company’s stock worth $16,736,000 after purchasing an additional 222,500 shares during the last quarter. State Street Corp grew its holdings in shares of StealthGas by 44.7% during the third quarter. State Street Corp now owns 45,596 shares of the shipping company’s stock worth $311,000 after purchasing an additional 14,093 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of StealthGas by 16.6% during the third 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. JPMorgan Chase & Co. bought a new stake in shares of StealthGas during the third quarter worth about $194,000. Finally, PDT Partners LLC grew its holdings in shares of StealthGas by 42.6% during the third quarter. PDT Partners LLC now owns 34,211 shares of the shipping company’s stock worth $233,000 after purchasing an additional 10,224 shares during the last quarter. 66.32% of the stock is currently owned by institutional investors.

StealthGas Stock Performance

NASDAQ:GASS opened at $6.01 on Monday. The stock’s 50-day moving average is $5.60 and its 200-day moving average is $5.94. StealthGas Inc. has a 1-year low of $4.82 and a 1-year high of $8.84. The stock has a market cap of $220.81 million, a P/E ratio of 3.40 and a beta of 0.77. 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 released its earnings results on Friday, February 21st. The shipping company reported $0.38 earnings per share for the quarter. The business had revenue of $40.25 million during the quarter. StealthGas had a net margin of 40.87% and a return on equity of 11.36%.

StealthGas 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.