StealthGas (NASDAQ:GASS) Director Sells $11,973.00 in Stock

StealthGas, Inc. (NASDAQ:GASS) Director Michael Jolliffe sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $9.21, for a total value of $11,973.00. Following the completion of the transaction, the director directly owned 90,700 shares of the company’s stock, valued at $835,347. This represents a 1.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Michael Jolliffe also recently made the following trade(s):

• On Tuesday, September 15th, Michael Jolliffe sold 36,200 shares of StealthGas stock. The stock was sold at an average price of $9.25, for a total transaction of $334,850.00.

StealthGas Price Performance

GASS opened at $9.46 on Friday. StealthGas, Inc. has a fifty-two week low of $6.12 and a fifty-two week high of $10.55. The firm has a market capitalization of $355.98 million, a price-to-earnings ratio of 5.95 and a beta of 0.25. The company’s 50 day moving average price is $9.13 and its two-hundred day moving average price is $9.23.

StealthGas (NASDAQ:GASS) last released its quarterly earnings results on Wednesday, September 2nd. The shipping company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.07). StealthGas had a net margin of 34.97% and a return on equity of 7.87%. The business had revenue of $42.91 million for the quarter, compared to the consensus estimate of $44.90 million.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wall Street Zen cut StealthGas from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings cut StealthGas from a “buy (b)” rating to a “hold (c)” rating in a report on Thursday, September 3rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GASS. Militia Capital Management LLC bought a new stake in StealthGas during the 1st quarter worth approximately $422,000. Renaissance Technologies LLC lifted its holdings in shares of StealthGas by 0.8% in the first quarter. Renaissance Technologies LLC now owns 2,032,631 shares of the shipping company’s stock valued at $18,660,000 after purchasing an additional 17,100 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of StealthGas during the second quarter valued at approximately $130,000. SG Americas Securities LLC bought a new stake in StealthGas during the first quarter worth $132,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in StealthGas by 2.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 514,871 shares of the shipping company’s stock worth $4,727,000 after buying an additional 12,142 shares in the last quarter. 66.32% of the stock is owned by institutional investors.

About StealthGas

StealthGas, Inc (NASDAQ: GASS) is a maritime transportation company that owns and operates vessels used to transport liquefied petroleum gas (LPG). The company focuses primarily on small- and medium-sized LPG carriers, which transport products such as propane and butane for energy companies, commodity traders and other commercial customers.

StealthGas provides seaborne transportation services through a combination of time charters, voyage charters and other contractual arrangements. Its vessels serve international LPG trade routes, connecting production and export regions with markets and distribution facilities worldwide.