Royce & Associates LP decreased its stake in StealthGas Inc. (NASDAQ:GASS) by 24.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,121,863 shares of the shipping company’s stock after selling 353,868 shares during the period. Royce & Associates LP’s holdings in StealthGas were worth $3,927,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Millennium Management LLC purchased a new position in StealthGas during the fourth quarter valued at approximately $41,000. Geode Capital Management LLC grew its stake in StealthGas by 71.5% during the fourth quarter. Geode Capital Management LLC now owns 29,544 shares of the shipping company’s stock valued at $81,000 after acquiring an additional 12,321 shares in the last quarter. BlackRock Inc. purchased a new position in StealthGas during the fourth quarter valued at approximately $592,000. Parametric Portfolio Associates LLC grew its stake in StealthGas by 4.5% during the first quarter. Parametric Portfolio Associates LLC now owns 246,884 shares of the shipping company’s stock valued at $864,000 after acquiring an additional 10,600 shares in the last quarter. Finally, Towerview LLC grew its stake in StealthGas by 34.7% during the fourth quarter. Towerview LLC now owns 485,000 shares of the shipping company’s stock valued at $1,339,000 after acquiring an additional 125,000 shares in the last quarter. 59.01% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Opportunities Fund L. Glendon purchased 422,065 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was bought at an average cost of $3.30 per share, for a total transaction of $1,392,814.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Glendon Capital Management Lp purchased 18,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average price of $3.09 per share, with a total value of $55,620.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 450,665 shares of company stock valued at $1,481,061 over the last quarter.

Shares of GASS opened at $3.32 on Tuesday. The company has a market capitalization of $137.23 million, a PE ratio of 31.09 and a beta of 1.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.06 and a quick ratio of 1.02. StealthGas Inc. has a fifty-two week low of $2.73 and a fifty-two week high of $4.18.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings data on Thursday, May 23rd. The shipping company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.08. StealthGas had a negative net margin of 2.78% and a positive return on equity of 0.71%. The firm had revenue of $34.64 million during the quarter, compared to analyst estimates of $33.82 million. Equities research analysts expect that StealthGas Inc. will post 0.24 earnings per share for the current year.

GASS has been the subject of several recent analyst reports. Zacks Investment Research cut shares of StealthGas from a “buy” rating to a “sell” rating in a research note on Wednesday, February 27th. Maxim Group reaffirmed a “buy” rating and set a $5.50 price objective on shares of StealthGas in a research note on Wednesday, March 27th.

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StealthGas Company Profile

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.

See Also: Earnings Per Share

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Institutional Ownership by Quarter for StealthGas (NASDAQ:GASS)

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