Stabilis Solutions (NASDAQ:SLNG) Shares Down 1.5% – Here’s Why

Stabilis Solutions, Inc. (NASDAQ:SLNG)’s stock price dropped 1.5% during trading on Friday . The stock traded as low as $3.70 and last traded at $3.91. 49,356 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 67,180 shares. The stock had previously closed at $3.97.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SLNG. Maxim Group downgraded Stabilis Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, March 4th. Weiss Ratings restated a “sell (d)” rating on shares of Stabilis Solutions in a research report on Thursday, June 4th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $10.00.

Stabilis Solutions Price Performance

The stock has a 50-day simple moving average of $4.13 and a 200 day simple moving average of $4.48. The stock has a market capitalization of $72.73 million, a price-to-earnings ratio of -19.55 and a beta of -0.27. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09.

Stabilis Solutions (NASDAQ:SLNG) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.18). Stabilis Solutions had a negative net margin of 6.25% and a negative return on equity of 5.85%. The firm had revenue of $10.38 million for the quarter, compared to analyst estimates of $12.34 million.

Insider Activity

In other Stabilis Solutions news, Director Edward L. Kuntz acquired 7,500 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $3.89 per share, for a total transaction of $29,175.00. Following the purchase, the director owned 69,839 shares in the company, valued at $271,673.71. This represents a 12.03% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders purchased 9,667 shares of company stock worth $37,136 in the last quarter. Insiders own 72.20% of the company’s stock.

Hedge Funds Weigh In On Stabilis Solutions

A number of large investors have recently modified their holdings of the stock. Sei Investments Co. boosted its holdings in Stabilis Solutions by 128.4% during the first quarter. Sei Investments Co. now owns 113,200 shares of the company’s stock worth $505,000 after buying an additional 63,644 shares during the last quarter. Ancora Advisors LLC grew its stake in shares of Stabilis Solutions by 32.3% during the 3rd quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock worth $370,000 after acquiring an additional 20,718 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Stabilis Solutions by 30.2% during the 4th quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company’s stock worth $338,000 after buying an additional 17,213 shares during the last quarter. Citadel Advisors LLC boosted its position in Stabilis Solutions by 37.7% during the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after purchasing an additional 5,238 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Stabilis Solutions by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after buying an additional 2,207 shares during the last quarter. 3.81% of the stock is currently owned by institutional investors and hedge funds.

About Stabilis Solutions

Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.