Navellier & Associates Inc. Sells 2,281 Shares of StealthGas Inc. (NASDAQ:GASS)

Navellier & Associates Inc. cut its stake in shares of StealthGas Inc. (NASDAQ:GASS) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,246 shares of the shipping company’s stock after selling 2,281 shares during the period. Navellier & Associates Inc. owned 0.17% of StealthGas worth $424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GASS. EntryPoint Capital LLC bought a new stake in StealthGas during the 1st quarter worth approximately $62,000. Virtu Financial LLC purchased a new position in shares of StealthGas during the 1st quarter valued at $64,000. XTX Topco Ltd bought a new position in shares of StealthGas in the second quarter worth $146,000. Sei Investments Co. raised its position in shares of StealthGas by 37.6% in the second 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 in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in StealthGas by 21.0% during the first quarter. Russell Investments Group Ltd. now owns 54,736 shares of the shipping company’s stock valued at $325,000 after buying an additional 9,512 shares during the period. 66.32% of the stock is owned by hedge funds and other institutional investors.

StealthGas Stock Up 1.1 %

GASS stock opened at $6.01 on Friday. The company’s 50 day moving average is $6.40 and its 200 day moving average is $6.71. The stock has a market cap of $220.62 million, a price-to-earnings ratio of 3.25 and a beta of 0.83. The company has a current ratio of 2.50, a quick ratio of 2.43 and a debt-to-equity ratio of 0.17. StealthGas Inc. has a 1-year low of $5.59 and a 1-year high of $8.84.

StealthGas (NASDAQ:GASS) last issued its quarterly 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 net margin of 44.79% and a return on equity of 11.63%.

Wall Street Analyst Weigh In

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

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.