StealthGas (NASDAQ:GASS) Rating Increased to Strong-Buy at StockNews.com

StealthGas (NASDAQ:GASS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “strong-buy” rating in a research note issued on Saturday.

StealthGas Price Performance

Shares of NASDAQ GASS opened at $6.12 on Friday. The firm has a market cap of $221.19 million, a P/E ratio of 4.31 and a beta of 0.84. The company has a current ratio of 2.25, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. StealthGas has a 1-year low of $4.69 and a 1-year high of $8.84. The business’s 50 day moving average is $6.38 and its 200-day moving average is $6.58.

Institutional Investors Weigh In On StealthGas

A number of large investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its position in StealthGas by 9.9% during the second quarter. Acadian Asset Management LLC now owns 1,374,210 shares of the shipping company’s stock worth $10,073,000 after buying an additional 123,674 shares in the last quarter. Janney Montgomery Scott LLC grew its position in StealthGas by 9.0% during the first quarter. Janney Montgomery Scott LLC now owns 97,163 shares of the shipping company’s stock worth $577,000 after buying an additional 8,054 shares in the last quarter. GSA Capital Partners LLP grew its position in StealthGas by 19.7% during the first quarter. GSA Capital Partners LLP now owns 85,117 shares of the shipping company’s stock worth $506,000 after buying an additional 14,033 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in StealthGas during the second quarter worth approximately $504,000. Finally, Inspire Advisors LLC grew its position in StealthGas by 41.3% during the second quarter. Inspire Advisors LLC now owns 55,072 shares of the shipping company’s stock worth $405,000 after buying an additional 16,085 shares in the last quarter. Institutional investors and hedge funds own 66.32% of the company’s stock.

About StealthGas

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