Sei Investments Co. boosted its stake in Ardmore Shipping Corporation (NYSE:ASC) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 181,928 shares of the shipping company’s stock after buying an additional 5,793 shares during the period. Sei Investments Co. owned about 0.54% of Ardmore Shipping Corporation worth $1,483,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ASC. Acadian Asset Management LLC purchased a new stake in Ardmore Shipping Corporation during the first quarter valued at about $103,000. American International Group Inc. boosted its stake in Ardmore Shipping Corporation by 33.3% in the first quarter. American International Group Inc. now owns 16,725 shares of the shipping company’s stock valued at $135,000 after buying an additional 4,177 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in Ardmore Shipping Corporation during the first quarter valued at about $146,000. Nationwide Fund Advisors boosted its stake in Ardmore Shipping Corporation by 15.8% in the first quarter. Nationwide Fund Advisors now owns 20,423 shares of the shipping company’s stock valued at $164,000 after buying an additional 2,792 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in Ardmore Shipping Corporation by 51.4% in the fourth quarter. Teachers Advisors LLC now owns 61,240 shares of the shipping company’s stock valued at $453,000 after buying an additional 20,802 shares during the last quarter. Institutional investors own 76.48% of the company’s stock.

Ardmore Shipping Corporation (ASC) opened at 8.05 on Tuesday. Ardmore Shipping Corporation has a one year low of $5.00 and a one year high of $8.75. The firm’s market capitalization is $270.28 million. The stock’s 50 day moving average price is $7.69 and its 200 day moving average price is $7.60.

Ardmore Shipping Corporation (NYSE:ASC) last released its quarterly earnings results on Thursday, August 3rd. The shipping company reported ($0.06) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.06). Ardmore Shipping Corporation had a negative net margin of 6.92% and a negative return on equity of 2.35%. The business had revenue of $49.85 million for the quarter, compared to analyst estimates of $31.73 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm’s revenue was up 25.5% compared to the same quarter last year. Analysts expect that Ardmore Shipping Corporation will post ($0.16) EPS for the current year.

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Several equities research analysts recently issued reports on ASC shares. Jefferies Group LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of Ardmore Shipping Corporation in a report on Tuesday, July 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $10.00 price objective on shares of Ardmore Shipping Corporation in a report on Friday, July 7th. TheStreet cut Ardmore Shipping Corporation from a “c-” rating to a “d” rating in a report on Wednesday, May 24th. BidaskClub cut Ardmore Shipping Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, ValuEngine upgraded Ardmore Shipping Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $10.50.

Ardmore Shipping Corporation Company 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 Corporation (NYSE:ASC)

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