Edward Kuntz Buys 5,000 Shares of Stabilis Solutions (NASDAQ:SLNG) Stock

Stabilis Solutions, Inc. (NASDAQ:SLNG) Director Edward Kuntz purchased 5,000 shares of Stabilis Solutions stock in a transaction dated Wednesday, September 9th. The shares were bought at an average price of $5.41 per share, with a total value of $27,050.00. Following the completion of the acquisition, the director directly owned 74,839 shares of the company’s stock, valued at approximately $404,878.99. This represents a 7.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Stabilis Solutions Stock Performance

Shares of Stabilis Solutions stock opened at $5.23 on Friday. Stabilis Solutions, Inc. has a 1 year low of $3.21 and a 1 year high of $7.07. The firm’s 50-day moving average is $5.03 and its 200 day moving average is $4.48. The stock has a market cap of $97.26 million, a price-to-earnings ratio of -12.45 and a beta of -0.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.59 and a quick ratio of 1.57.

Stabilis Solutions (NASDAQ:SLNG) last issued its earnings results on Tuesday, August 11th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.17). The firm had revenue of $11.92 million during the quarter, compared to analysts’ expectations of $10.84 million. Stabilis Solutions had a negative return on equity of 12.33% and a negative net margin of 14.06%.

Hedge Funds Weigh In On Stabilis Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Stabilis Solutions in the second quarter worth approximately $50,000. Susquehanna International Group LLP bought a new position in Stabilis Solutions during the second quarter valued at approximately $67,000. Sequoia Financial Advisors LLC boosted its holdings in Stabilis Solutions by 11.5% in the second quarter. Sequoia Financial Advisors LLC now owns 19,464 shares of the company’s stock worth $79,000 after purchasing an additional 2,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Stabilis Solutions by 13.5% in the third quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after purchasing an additional 2,207 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in Stabilis Solutions by 37.7% in the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock worth $83,000 after purchasing an additional 5,238 shares during the last quarter. Institutional investors own 3.81% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Stabilis Solutions in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Stabilis Solutions Company Profile

Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.