StealthGas (NASDAQ:GASS) Director Michael Jolliffe Sells 1,300 Shares of Stock

StealthGas, Inc. (NASDAQ:GASS) Director Michael Jolliffe sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $9.21, for a total value of $11,973.00. Following the sale, the director directly owned 90,700 shares of the company’s stock, valued at $835,347. This represents a 1.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, September 15th, Michael Jolliffe sold 36,200 shares of StealthGas stock. The stock was sold at an average price of $9.25, for a total value of $334,850.00.

StealthGas Stock Performance

Shares of GASS opened at $9.33 on Thursday. The firm has a market cap of $351.09 million, a PE ratio of 5.87 and a beta of 0.25. StealthGas, Inc. has a 52-week low of $6.12 and a 52-week high of $10.55. The business’s 50 day moving average price is $9.09 and its two-hundred day moving average price is $9.22.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings data on Wednesday, September 2nd. The shipping company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.07). The company had revenue of $42.91 million for the quarter, compared to analyst estimates of $44.90 million. StealthGas had a return on equity of 7.87% and a net margin of 34.97%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On StealthGas

Several hedge funds and other institutional investors have recently modified their holdings of GASS. Tidal Investments LLC bought a new stake in StealthGas in the 2nd quarter worth about $130,000. WINTON GROUP Ltd lifted its position in shares of StealthGas by 3.7% during the 2nd quarter. WINTON GROUP Ltd now owns 41,680 shares of the shipping company’s stock worth $329,000 after buying an additional 1,483 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of StealthGas by 24.1% during the 2nd quarter. NewEdge Advisors LLC now owns 62,191 shares of the shipping company’s stock worth $491,000 after buying an additional 12,097 shares in the last quarter. Militia Capital Management LLC purchased a new position in shares of StealthGas in the 1st quarter worth approximately $422,000. Finally, Renaissance Technologies LLC boosted its stake in shares of 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 buying an additional 17,100 shares during the last quarter. Institutional investors own 66.32% of the company’s stock.

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.