StealthGas Inc. (NASDAQ:GASS) major shareholder Glendon Capital Management Lp acquired 8,500 shares of StealthGas stock in a transaction on Tuesday, December 4th. The shares were bought at an average price of $3.48 per share, for a total transaction of $29,580.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Glendon Capital Management Lp also recently made the following trade(s):

  • On Thursday, November 29th, Glendon Capital Management Lp acquired 15,800 shares of StealthGas stock. The shares were bought at an average price of $3.58 per share, for a total transaction of $56,564.00.
  • On Tuesday, November 27th, Glendon Capital Management Lp acquired 5,900 shares of StealthGas stock. The shares were bought at an average price of $3.60 per share, for a total transaction of $21,240.00.
  • On Friday, November 23rd, Glendon Capital Management Lp acquired 1,990 shares of StealthGas stock. The shares were bought at an average price of $3.30 per share, for a total transaction of $6,567.00.
  • On Wednesday, November 21st, Glendon Capital Management Lp acquired 4,800 shares of StealthGas stock. The shares were bought at an average price of $3.31 per share, for a total transaction of $15,888.00.
  • On Monday, November 19th, Glendon Capital Management Lp acquired 4,800 shares of StealthGas stock. The shares were bought at an average price of $3.38 per share, for a total transaction of $16,224.00.
  • On Friday, November 16th, Glendon Capital Management Lp acquired 6,196 shares of StealthGas stock. The shares were bought at an average price of $3.48 per share, for a total transaction of $21,562.08.
  • On Tuesday, November 13th, Glendon Capital Management Lp bought 37,257 shares of StealthGas stock. The shares were acquired at an average cost of $3.49 per share, for a total transaction of $130,026.93.
  • On Wednesday, November 7th, Glendon Capital Management Lp bought 12,214 shares of StealthGas stock. The shares were acquired at an average cost of $3.43 per share, for a total transaction of $41,894.02.
  • On Friday, November 9th, Glendon Capital Management Lp bought 18,914 shares of StealthGas stock. The shares were acquired at an average cost of $3.42 per share, for a total transaction of $64,685.88.
  • On Monday, November 5th, Glendon Capital Management Lp bought 5,000 shares of StealthGas stock. The shares were acquired at an average cost of $3.42 per share, for a total transaction of $17,100.00.

Shares of NASDAQ GASS traded down $0.03 during midday trading on Thursday, reaching $3.41. 14,922 shares of the company’s stock were exchanged, compared to its average volume of 61,037. StealthGas Inc. has a 52-week low of $3.20 and a 52-week high of $4.70. The firm has a market cap of $137.12 million, a price-to-earnings ratio of 24.21 and a beta of 1.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.07.

StealthGas (NASDAQ:GASS) last announced its earnings results on Friday, November 23rd. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). StealthGas had a positive return on equity of 0.47% and a negative net margin of 3.78%. The business had revenue of $37.46 million for the quarter, compared to analysts’ expectations of $37.73 million. As a group, research analysts predict that StealthGas Inc. will post 0.08 EPS for the current year.

A number of brokerages have recently issued reports on GASS. Zacks Investment Research lowered StealthGas from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. Maxim Group reaffirmed a “buy” rating and set a $6.00 target price on shares of StealthGas in a research report on Friday, November 23rd. Finally, ValuEngine raised StealthGas from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. StealthGas presently has an average rating of “Buy” and an average price target of $5.58.

Several hedge funds and other institutional investors have recently made changes to their positions in GASS. Macquarie Group Ltd. increased its holdings in StealthGas by 26.4% in the second quarter. Macquarie Group Ltd. now owns 68,157 shares of the shipping company’s stock valued at $271,000 after buying an additional 14,240 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in StealthGas by 3.8% in the third quarter. Russell Investments Group Ltd. now owns 2,382,724 shares of the shipping company’s stock valued at $8,483,000 after buying an additional 87,910 shares during the last quarter. Towerview LLC increased its holdings in StealthGas by 10.8% in the third quarter. Towerview LLC now owns 360,000 shares of the shipping company’s stock valued at $1,282,000 after buying an additional 35,000 shares during the last quarter. Renaissance Technologies LLC increased its holdings in StealthGas by 8.6% in the second quarter. Renaissance Technologies LLC now owns 1,886,688 shares of the shipping company’s stock valued at $7,490,000 after buying an additional 148,888 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in StealthGas by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,654,026 shares of the shipping company’s stock valued at $6,566,000 after buying an additional 22,868 shares during the last quarter. 60.33% of the stock is currently owned by institutional investors and hedge funds.

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About StealthGas

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. It also provides crude oil and product carriers chartered to oil producers, refiners, and commodities traders. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.

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