StealthGas (NASDAQ:GASS) Posts Earnings Results

StealthGas (NASDAQ:GASS) issued its earnings results on Friday. The shipping company reported $0.38 EPS for the quarter, Zacks reports. StealthGas had a net margin of 40.87% and a return on equity of 11.36%. The business had revenue of $40.25 million for the quarter.

StealthGas Stock Up 8.3 %

Shares of GASS traded up $0.46 during midday trading on Friday, hitting $6.01. The company had a trading volume of 456,360 shares, compared to its average volume of 83,941. StealthGas has a 52 week low of $4.82 and a 52 week high of $8.84. The company’s 50 day moving average price is $5.60 and its 200 day moving average price is $5.94. The company has a quick ratio of 2.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.13. The stock has a market cap of $220.81 million, a price-to-earnings ratio of 3.40 and a beta of 0.77.

Institutional Inflows and Outflows

An institutional investor recently raised its position in StealthGas stock. Bank of America Corp DE lifted its stake in StealthGas Inc. (NASDAQ:GASS) by 701.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,263 shares of the shipping company’s stock after acquiring an additional 8,982 shares during the period. Bank of America Corp DE’s holdings in StealthGas were worth $58,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 66.32% of the company’s stock.

About StealthGas

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer, as well as ammonia; refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel; and edible oils and chemicals.