PDT Partners LLC Acquires 10,224 Shares of StealthGas Inc. (NASDAQ:GASS)

PDT Partners LLC lifted its holdings in StealthGas Inc. (NASDAQ:GASS) by 42.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,211 shares of the shipping company’s stock after buying an additional 10,224 shares during the quarter. PDT Partners LLC owned about 0.09% of StealthGas worth $233,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GASS. Towerview LLC increased its position in StealthGas by 10.0% in the third quarter. Towerview LLC now owns 2,457,500 shares of the shipping company’s stock worth $16,736,000 after purchasing an additional 222,500 shares during the period. Acadian Asset Management LLC grew its position in shares of StealthGas by 9.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,374,210 shares of the shipping company’s stock worth $10,073,000 after buying an additional 123,674 shares during the period. Inspire Advisors LLC grew its position in shares of StealthGas by 79.8% during the 3rd quarter. Inspire Advisors LLC now owns 99,003 shares of the shipping company’s stock worth $674,000 after buying an additional 43,931 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of StealthGas during the 2nd quarter worth about $504,000. Finally, Sei Investments Co. grew its position in shares of StealthGas by 37.6% during the 2nd quarter. Sei Investments Co. now owns 26,412 shares of the shipping company’s stock worth $194,000 after buying an additional 7,222 shares during the period. 66.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered StealthGas from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 15th.

StealthGas Price Performance

Shares of GASS opened at $5.26 on Thursday. The firm has a market capitalization of $193.25 million, a PE ratio of 3.06 and a beta of 0.80. The stock has a 50 day simple moving average of $6.19 and a 200 day simple moving average of $6.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.59 and a current ratio of 2.66. StealthGas Inc. has a 52-week low of $5.18 and a 52-week high of $8.84.

StealthGas (NASDAQ:GASS) last released its earnings results on Thursday, September 5th. The shipping company reported $0.70 EPS for the quarter. The firm had revenue of $39.12 million for the quarter. StealthGas had a return on equity of 11.36% and a net margin of 40.87%.

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.