Stabilis Solutions (NASDAQ:SLNG) Director Purchases $27,050.00 in Stock

Stabilis Solutions, Inc. (NASDAQ:SLNG) Director Edward Kuntz acquired 5,000 shares of the stock in a transaction dated Wednesday, September 9th. The stock was acquired at an average price of $5.41 per share, for a total transaction of $27,050.00. Following the purchase, the director directly owned 74,839 shares in the company, valued at approximately $404,878.99. This trade represents a 7.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

Stabilis Solutions Stock Performance

SLNG opened at $5.23 on Friday. The company’s 50 day moving average is $5.03 and its 200 day moving average is $4.48. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 0.10. The company has a market cap of $97.28 million, a price-to-earnings ratio of -12.45 and a beta of -0.26. Stabilis Solutions, Inc. has a 12-month low of $3.21 and a 12-month high of $7.07.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Stabilis Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLNG. Tieton Capital Management LLC bought a new stake in Stabilis Solutions during the 2nd quarter worth approximately $950,000. Bank of America Corp DE bought a new position in shares of Stabilis Solutions in the second quarter worth approximately $558,000. Sei Investments Co. boosted its position in shares of Stabilis Solutions by 128.4% in the first quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock worth $505,000 after purchasing an additional 63,644 shares during the period. Ancora Advisors LLC increased its stake in shares of Stabilis Solutions by 32.3% in the third quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock worth $370,000 after purchasing an additional 20,718 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Stabilis Solutions by 30.2% in the fourth quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company’s stock worth $338,000 after purchasing an additional 17,213 shares in the last quarter. 3.81% of the stock is owned by hedge funds and other institutional investors.

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.