Michael Jolliffe Sells 36,200 Shares of StealthGas (NASDAQ:GASS) Stock

StealthGas, Inc. (NASDAQ:GASS) Director Michael Jolliffe sold 36,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $9.25, for a total transaction of $334,850.00. Following the completion of the transaction, the director owned 54,500 shares of the company’s stock, valued at approximately $504,125. The trade was a 39.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Jolliffe also recently made the following trade(s):

• On Monday, September 14th, Michael Jolliffe sold 1,300 shares of StealthGas stock. The shares were sold at an average price of $9.21, for a total value of $11,973.00.

StealthGas Trading Up 0.1%

GASS traded up $0.01 during trading on Wednesday, hitting $9.33. 174,564 shares of the company’s stock traded hands, compared to its average volume of 141,453. The stock has a market capitalization of $351.09 million, a price-to-earnings ratio of 5.87 and a beta of 0.25. The company’s 50 day simple moving average is $9.08 and its two-hundred day simple moving average is $9.22. StealthGas, Inc. has a 12-month low of $6.12 and a 12-month high of $10.55.

StealthGas (NASDAQ:GASS) last posted its quarterly earnings results on Wednesday, September 2nd. The shipping company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.07). The business had revenue of $42.91 million during the quarter, compared to analysts’ expectations of $44.90 million. StealthGas had a return on equity of 7.87% and a net margin of 34.97%.

Hedge Funds Weigh In On StealthGas

Several hedge funds and other institutional investors have recently modified their holdings of GASS. Militia Capital Management LLC bought a new position in shares of StealthGas in the first quarter worth about $422,000. Renaissance Technologies LLC increased its holdings in StealthGas by 0.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,032,631 shares of the shipping company’s stock worth $18,660,000 after acquiring an additional 17,100 shares in the last quarter. Tidal Investments LLC purchased a new stake in StealthGas in the 2nd quarter worth approximately $130,000. SG Americas Securities LLC bought a new stake in StealthGas during the 1st quarter worth approximately $132,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in StealthGas by 2.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 514,871 shares of the shipping company’s stock worth $4,727,000 after acquiring an additional 12,142 shares during the period. 66.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GASS has been the topic of several research analyst reports. Wall Street Zen cut shares of StealthGas from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings lowered shares of StealthGas from a “buy (b)” rating to a “hold (c)” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

About StealthGas

StealthGas, Inc (NASDAQ: GASS) is a maritime transportation company that owns and operates vessels used to transport liquefied petroleum gas (LPG). The company focuses primarily on small- and medium-sized LPG carriers, which transport products such as propane and butane for energy companies, commodity traders and other commercial customers.

StealthGas provides seaborne transportation services through a combination of time charters, voyage charters and other contractual arrangements. Its vessels serve international LPG trade routes, connecting production and export regions with markets and distribution facilities worldwide.