StealthGas Inc. (GASS) Shares Sold by LSV Asset Management
LSV Asset Management lowered its position in StealthGas Inc. (NASDAQ:GASS) by 49.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 75,748 shares of the company’s stock after selling 75,408 shares during the period. LSV Asset Management owned about 0.19% of StealthGas worth $286,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Gagnon Securities LLC raised its stake in shares of StealthGas by 1.3% in the first quarter. Gagnon Securities LLC now owns 97,469 shares of the company’s stock worth $344,000 after buying an additional 1,262 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of StealthGas during the second quarter worth $1,581,000. Robotti Robert raised its stake in shares of StealthGas by 60.0% in the first quarter. Robotti Robert now owns 506,619 shares of the company’s stock worth $1,788,000 after buying an additional 189,969 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of StealthGas by 7.3% in the second quarter. California Public Employees Retirement System now owns 586,400 shares of the company’s stock worth $2,217,000 after buying an additional 40,100 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of StealthGas by 1.7% in the first quarter. Royce & Associates LP now owns 1,764,367 shares of the company’s stock worth $6,228,000 after buying an additional 30,195 shares in the last quarter. 62.98% of the stock is owned by institutional investors.
StealthGas Inc. (NASDAQ:GASS) traded down 4.62% during midday trading on Friday, hitting $3.30. The company’s stock had a trading volume of 26,051 shares. The company’s market cap is $131.16 million. The stock has a 50 day moving average of $3.52 and a 200 day moving average of $3.82. StealthGas Inc. has a 52-week low of $2.39 and a 52-week high of $5.18.
StealthGas (NASDAQ:GASS) last issued its quarterly earnings data on Thursday, August 25th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.06. StealthGas had a positive return on equity of 0.10% and a negative net margin of 2.01%. The business earned $35.70 million during the quarter, compared to analysts’ expectations of $32.86 million. On average, equities analysts expect that StealthGas Inc. will post $0.03 EPS for the current year.
GASS has been the topic of a number of research reports. Jefferies Group set a $7.00 price objective on StealthGas and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Zacks Investment Research lowered StealthGas from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $7.25.
StealthGas Inc is a provider of international seaborne transportation services to liquefied petroleum gas (LPG) producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders. The Company owns a fleet of LPG carriers. Its LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.
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