StealthGas (NASDAQ:GASS) Posts Quarterly Earnings Results, Misses Estimates By $0.10 EPS

StealthGas (NASDAQ:GASS) issued its quarterly earnings data on Wednesday. The shipping company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10), Zacks reports. StealthGas had a net margin of 35.91% and a return on equity of 8.72%.

StealthGas Stock Performance

Shares of GASS traded down $0.34 during mid-day trading on Wednesday, reaching $9.27. The company had a trading volume of 67,483 shares, compared to its average volume of 141,152. The company has a market capitalization of $348.72 million, a price-to-earnings ratio of 5.51 and a beta of 0.25. StealthGas has a 1-year low of $6.12 and a 1-year high of $10.55. The company’s 50 day simple moving average is $8.85 and its 200 day simple moving average is $9.14.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of StealthGas from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Institutional Trading of StealthGas

Several institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake in StealthGas in the fourth quarter valued at approximately $552,000. Two Sigma Investments LP raised its stake in shares of StealthGas by 31.3% during the third quarter. Two Sigma Investments LP now owns 237,238 shares of the shipping company’s stock valued at $1,554,000 after acquiring an additional 56,493 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of StealthGas by 51.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 153,211 shares of the shipping company’s stock worth $1,076,000 after purchasing an additional 51,920 shares during the period. UBS Group AG grew its stake in shares of StealthGas by 21.4% in the third quarter. UBS Group AG now owns 260,133 shares of the shipping company’s stock worth $1,704,000 after purchasing an additional 45,846 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of StealthGas in the third quarter worth about $276,000. Hedge funds and other institutional investors own 66.32% of the company’s stock.

StealthGas Company Profile

StealthGas Inc is an international shipping company specializing in the seaborne transportation of liquefied petroleum gases (LPG), including propane, butane and ammonia. The company operates a fleet of modern pressurized LPG carriers with capacities ranging from approximately 2,500 to 9,100 cubic meters, providing safe and efficient carriage of petrochemical gases worldwide.

Founded in 2005 and incorporated in the Republic of the Marshall Islands, StealthGas is headquartered in Athens, Greece, with additional commercial and operational offices in major shipping centers across Europe and Asia.