TD Waterhouse Canada Inc. Purchases New Holdings in StealthGas, Inc. $GASS

TD Waterhouse Canada Inc. acquired a new position in StealthGas, Inc. (NASDAQ:GASS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,000 shares of the shipping company’s stock, valued at approximately $103,000.

Other large investors have also modified their holdings of the company. Jump Financial LLC bought a new position in shares of StealthGas during the first quarter valued at approximately $63,000. Towerview LLC lifted its stake in shares of StealthGas by 2.9% during the 2nd quarter. Towerview LLC now owns 2,849,929 shares of the shipping company’s stock worth $18,268,000 after acquiring an additional 79,929 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in StealthGas by 136.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 72,009 shares of the shipping company’s stock valued at $407,000 after acquiring an additional 41,497 shares during the period. Acadian Asset Management LLC grew its position in StealthGas by 1.7% in the 2nd quarter. Acadian Asset Management LLC now owns 1,091,498 shares of the shipping company’s stock valued at $6,975,000 after acquiring an additional 17,750 shares during the last quarter. Finally, XTX Topco Ltd grew its position in StealthGas by 18.3% in the 1st quarter. XTX Topco Ltd now owns 18,328 shares of the shipping company’s stock valued at $104,000 after acquiring an additional 2,837 shares during the last quarter. Hedge funds and other institutional investors own 66.32% of the company’s stock.

StealthGas Stock Performance

Shares of StealthGas stock opened at $6.69 on Wednesday. The company has a current ratio of 3.87, a quick ratio of 3.73 and a debt-to-equity ratio of 0.04. The stock’s fifty day moving average price is $6.65 and its 200-day moving average price is $6.63. The firm has a market cap of $248.61 million, a P/E ratio of 4.05 and a beta of 0.20. StealthGas, Inc. has a 12 month low of $4.82 and a 12 month high of $8.18.

StealthGas (NASDAQ:GASS) last released its quarterly earnings data on Tuesday, November 25th. The shipping company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. StealthGas had a net margin of 35.16% and a return on equity of 9.68%. The company had revenue of $44.53 million during the quarter, compared to analyst estimates of $39.20 million. During the same period in the prior year, the firm earned $0.33 earnings per share.

Analyst Ratings Changes

Several research firms have recently weighed in on GASS. Weiss Ratings reiterated a “buy (b-)” rating on shares of StealthGas in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of StealthGas from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, StealthGas has an average rating of “Buy”.

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.