StealthGas (NASDAQ:GASS) Issues Quarterly 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 return on equity of 11.36% and a net margin of 40.87%. The business had revenue of $40.25 million for the quarter.

StealthGas Price Performance

Shares of NASDAQ:GASS opened at $6.01 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.59 and a current ratio of 2.66. The firm has a market cap of $220.81 million, a price-to-earnings ratio of 3.40 and a beta of 0.77. The business has a 50-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.

Institutional Trading of StealthGas

A hedge fund recently raised its stake in StealthGas stock. Bank of America Corp DE increased its stake in StealthGas Inc. (NASDAQ:GASS) by 701.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,263 shares of the shipping company’s stock after purchasing an additional 8,982 shares during the quarter. Bank of America Corp DE’s holdings in StealthGas were worth $58,000 at the end of the most recent quarter. 66.32% of the stock is currently owned by institutional investors.

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.