California Public Employees Retirement System raised its stake in StealthGas Inc. (NASDAQ:GASS) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 586,400 shares of the company’s stock after buying an additional 40,100 shares during the period. California Public Employees Retirement System owned 1.46% of StealthGas worth $2,217,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of GASS. Emerald Acquisition Ltd. acquired a new stake in shares of StealthGas during the second quarter valued at $1,581,000. Robotti Robert raised its stake in shares of StealthGas by 60.0% in the first quarter. Robotti Robert now owns 506,619 shares of the company’s stock valued at $1,788,000 after buying an additional 189,969 shares during the period. Finally, Royce & Associates LP raised its stake in shares of StealthGas by 1.7% in the first quarter. Royce & Associates LP now owns 1,764,367 shares of the company’s stock valued at $6,228,000 after buying an additional 30,195 shares during the period. 62.98% of the stock is currently owned by institutional investors and hedge funds.
StealthGas Inc. (NASDAQ:GASS) remained flat at $3.48 on Tuesday. The company had a trading volume of 17,315 shares. StealthGas Inc. has a 52-week low of $2.39 and a 52-week high of $5.18. The firm has a 50 day moving average of $3.47 and a 200 day moving average of $3.82. The stock’s market cap is $138.32 million.
StealthGas (NASDAQ:GASS) last announced its quarterly earnings results on Thursday, August 25th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.06. The firm had revenue of $35.70 million for the quarter, compared to analyst estimates of $32.86 million. StealthGas had a positive return on equity of 0.10% and a negative net margin of 2.01%. On average, analysts expect that StealthGas Inc. will post $0.04 EPS for the current fiscal year.
GASS has been the topic of several research analyst reports. Jefferies Group set a $7.00 target price on StealthGas and gave the stock a “buy” rating in a research report on Wednesday, July 27th. Zacks Investment Research lowered StealthGas from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Finally, Barclays PLC cut their target price on StealthGas from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $7.00.
StealthGas Inc is a provider of international seaborne transportation services to liquefied petroleum gas (LPG) producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders. The Company owns a fleet of LPG carriers. Its LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.
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