StealthGas (NASDAQ:GASS) Announces Earnings Results

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

StealthGas Stock Performance

NASDAQ 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. The firm has a fifty day simple moving average of $5.60 and a two-hundred day simple moving average of $5.94. StealthGas has a fifty-two week low of $4.82 and a fifty-two week high of $8.84. 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.

Hedge Funds Weigh In On StealthGas

A hedge fund recently raised its stake in StealthGas stock. Bank of America Corp DE boosted its stake in shares of StealthGas Inc. (NASDAQ:GASS) by 701.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,263 shares of the shipping company’s stock after acquiring an additional 8,982 shares during the quarter. Bank of America Corp DE’s holdings in StealthGas were worth $58,000 as of its most recent SEC filing. Institutional investors and hedge funds own 66.32% of the company’s stock.

StealthGas Company Profile

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.