StealthGas (NASDAQ:GASS) Upgraded by StockNews.com to Buy Rating

StealthGas (NASDAQ:GASS) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

StealthGas Stock Down 0.4 %

Shares of NASDAQ:GASS opened at $5.55 on Friday. The company has a market capitalization of $203.91 million, a PE ratio of 3.14 and a beta of 0.75. 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 has a twelve month low of $4.82 and a twelve month high of $8.84. The firm has a 50 day simple moving average of $5.70 and a 200-day simple moving average of $5.90.

StealthGas (NASDAQ:GASS) last issued its quarterly earnings data 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%.

Institutional Trading of StealthGas

Several institutional investors have recently modified their holdings of GASS. DGS Capital Management LLC increased its holdings in shares of StealthGas by 12.8% in the 4th quarter. DGS Capital Management LLC now owns 21,698 shares of the shipping company’s stock valued at $123,000 after acquiring an additional 2,461 shares during the period. Quadrature Capital Ltd increased its holdings in shares of StealthGas by 14.8% in the 3rd quarter. Quadrature Capital Ltd now owns 22,799 shares of the shipping company’s stock valued at $155,000 after acquiring an additional 2,933 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of StealthGas by 34.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 24,808 shares of the shipping company’s stock valued at $140,000 after acquiring an additional 6,299 shares during the period. Navellier & Associates Inc. increased its holdings in shares of StealthGas by 12.0% in the 4th quarter. Navellier & Associates Inc. now owns 69,686 shares of the shipping company’s stock valued at $394,000 after acquiring an additional 7,440 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of StealthGas by 701.2% in the 4th quarter. Bank of America Corp DE now owns 10,263 shares of the shipping company’s stock valued at $58,000 after acquiring an additional 8,982 shares during the period. Hedge funds and other institutional investors own 66.32% of the company’s stock.

About StealthGas

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.