Boston Partners increased its stake in shares of Ardmore Shipping Corp (NYSE:ASC) by 59.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,669,220 shares of the shipping company’s stock after purchasing an additional 623,752 shares during the quarter. Boston Partners’ holdings in Ardmore Shipping were worth $13,354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Voya Investment Management LLC lifted its holdings in Ardmore Shipping by 32.4% in the second quarter. Voya Investment Management LLC now owns 14,753 shares of the shipping company’s stock valued at $120,000 after buying an additional 3,614 shares during the period. Alliancebernstein L.P. acquired a new position in Ardmore Shipping in the second quarter valued at approximately $155,000. Citadel Advisors LLC acquired a new position in Ardmore Shipping in the second quarter valued at approximately $174,000. The Manufacturers Life Insurance Company lifted its holdings in Ardmore Shipping by 4.3% in the second quarter. The Manufacturers Life Insurance Company now owns 31,340 shares of the shipping company’s stock valued at $255,000 after buying an additional 1,306 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in Ardmore Shipping by 12.2% in the second quarter. TIAA CREF Investment Management LLC now owns 75,564 shares of the shipping company’s stock valued at $616,000 after buying an additional 8,212 shares during the period. 75.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ardmore Shipping Corp (ASC) opened at $7.10 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.57 and a debt-to-equity ratio of 1.03. The firm has a market cap of $238.39, a price-to-earnings ratio of -19.19, a price-to-earnings-growth ratio of 3.45 and a beta of 1.12. Ardmore Shipping Corp has a twelve month low of $6.40 and a twelve month high of $9.05.

Ardmore Shipping (NYSE:ASC) last posted its earnings results on Wednesday, February 7th. The shipping company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.03. The company had revenue of $30.23 million for the quarter, compared to analyst estimates of $30.24 million. Ardmore Shipping had a negative net margin of 6.37% and a negative return on equity of 3.13%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business posted ($0.11) earnings per share. sell-side analysts anticipate that Ardmore Shipping Corp will post 0.19 EPS for the current year.

Several equities analysts recently weighed in on ASC shares. Jefferies Group restated a “buy” rating and issued a $10.00 price objective on shares of Ardmore Shipping in a report on Monday, October 16th. Zacks Investment Research lowered shares of Ardmore Shipping from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Stifel Nicolaus set a $10.00 price objective on shares of Ardmore Shipping and gave the company a “buy” rating in a report on Sunday, October 29th. Morgan Stanley increased their price objective on shares of Ardmore Shipping from $8.50 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, November 2nd. Finally, ValuEngine lowered shares of Ardmore Shipping from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.33.

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Ardmore Shipping Profile

Ardmore Shipping Corporation provides seaborne transportation of petroleum products and chemicals to national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. The Company’s segment relates to the operations of its vessels. The Company’s fleet consists of over 20 double-hulled product and chemical tankers, all of which are in operation.

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Institutional Ownership by Quarter for Ardmore Shipping (NYSE:ASC)

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