GSA Capital Partners LLP Decreases Stake in StealthGas Inc. (NASDAQ:GASS)

GSA Capital Partners LLP trimmed its holdings in StealthGas Inc. (NASDAQ:GASS) by 83.4% during the third quarter, HoldingsChannel reports. The firm owned 26,110 shares of the shipping company’s stock after selling 130,971 shares during the period. GSA Capital Partners LLP’s holdings in StealthGas were worth $178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GASS. Sei Investments Co. grew its holdings in StealthGas by 37.6% in the 2nd quarter. Sei Investments Co. now owns 26,412 shares of the shipping company’s stock valued at $194,000 after buying an additional 7,222 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of StealthGas by 21.0% during the 1st quarter. Russell Investments Group Ltd. now owns 54,736 shares of the shipping company’s stock worth $325,000 after buying an additional 9,512 shares during the last quarter. EntryPoint Capital LLC purchased a new position in StealthGas in the first quarter worth approximately $62,000. Virtu Financial LLC purchased a new stake in StealthGas in the first quarter valued at $64,000. Finally, Inspire Advisors LLC increased its position in shares of StealthGas by 41.3% during the 2nd quarter. Inspire Advisors LLC now owns 55,072 shares of the shipping company’s stock worth $405,000 after purchasing an additional 16,085 shares during the last quarter. 66.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of StealthGas from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 15th.

StealthGas Stock Up 0.7 %

Shares of NASDAQ:GASS opened at $6.05 on Monday. StealthGas Inc. has a 1-year low of $5.59 and a 1-year high of $8.84. The stock has a market cap of $222.28 million, a P/E ratio of 3.27 and a beta of 0.83. The firm has a fifty day moving average price of $6.38 and a 200 day moving average price of $6.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 2.43.

StealthGas (NASDAQ:GASS) last released its earnings results on Thursday, September 5th. The shipping company reported $0.70 EPS for the quarter. StealthGas had a return on equity of 11.63% and a net margin of 44.79%. The company had revenue of $39.12 million during the quarter.

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.