Two Sigma Securities LLC acquired a new stake in Ardmore Shipping Corp (NYSE:ASC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 25,400 shares of the shipping company’s stock, valued at approximately $203,000. Two Sigma Securities LLC owned about 0.08% of Ardmore Shipping as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Voya Investment Management LLC boosted its stake in shares of Ardmore Shipping by 32.4% in the 2nd quarter. Voya Investment Management LLC now owns 14,753 shares of the shipping company’s stock valued at $120,000 after purchasing an additional 3,614 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Ardmore Shipping by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,340 shares of the shipping company’s stock valued at $255,000 after purchasing an additional 1,306 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Ardmore Shipping in the 4th quarter valued at $535,000. Vanguard Group Inc. boosted its stake in shares of Ardmore Shipping by 16.7% in the 2nd quarter. Vanguard Group Inc. now owns 88,479 shares of the shipping company’s stock valued at $721,000 after purchasing an additional 12,631 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Ardmore Shipping by 283.0% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 98,771 shares of the shipping company’s stock valued at $815,000 after purchasing an additional 72,979 shares during the last quarter. 88.07% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

Ardmore Shipping Corp (ASC) opened at $8.00 on Tuesday. The stock has a market cap of $270.28, a price-to-earnings ratio of -21.05 and a beta of 0.98. Ardmore Shipping Corp has a 12 month low of $6.40 and a 12 month high of $9.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.27 and a current ratio of 1.44.

Ardmore Shipping (NYSE:ASC) last issued its earnings results on Wednesday, February 7th. The shipping company reported ($0.12) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.03. The business 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 3.16%. Ardmore Shipping’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) earnings per share. analysts predict that Ardmore Shipping Corp will post 0.1 EPS for the current year.

Several research analysts recently issued reports on ASC shares. Zacks Investment Research lowered shares of Ardmore Shipping from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Seaport Global Securities set a $12.00 target price on shares of Ardmore Shipping and gave the stock a “buy” rating in a research note on Thursday, January 4th. Jefferies Group started coverage on shares of Ardmore Shipping in a research note on Monday, December 18th. They set a “buy” rating and a $11.00 target price on the stock. Stifel Nicolaus set a $9.00 target price on shares of Ardmore Shipping and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, ValuEngine lowered shares of Ardmore Shipping from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $10.10.

TRADEMARK VIOLATION WARNING: “Two Sigma Securities LLC Takes $203,000 Position in Ardmore Shipping Corp (ASC)” was reported by Daily Political and is the property of of Daily Political. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://www.dailypolitical.com/2018/03/20/two-sigma-securities-llc-takes-203000-position-in-ardmore-shipping-corp-asc.html.

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.

Want to see what other hedge funds are holding ASC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ardmore Shipping Corp (NYSE:ASC).

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

Receive News & Ratings for Ardmore Shipping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardmore Shipping and related companies with MarketBeat.com's FREE daily email newsletter.