Navellier & Associates Inc. Has $394,000 Holdings in StealthGas Inc. (NASDAQ:GASS)

Navellier & Associates Inc. boosted its stake in StealthGas Inc. (NASDAQ:GASS) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,686 shares of the shipping company’s stock after purchasing an additional 7,440 shares during the quarter. Navellier & Associates Inc. owned about 0.19% of StealthGas worth $394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd acquired a new position in StealthGas in the fourth quarter valued at about $53,000. DGS Capital Management LLC raised its stake in StealthGas by 12.8% in the fourth quarter. DGS Capital Management LLC now owns 21,698 shares of the shipping company’s stock valued at $123,000 after purchasing an additional 2,461 shares in the last quarter. Quadrature Capital Ltd raised its stake in StealthGas by 14.8% in the third quarter. Quadrature Capital Ltd now owns 22,799 shares of the shipping company’s stock valued at $155,000 after purchasing an additional 2,933 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in StealthGas in the third quarter valued at about $194,000. Finally, PDT Partners LLC raised its stake in StealthGas by 42.6% in the third quarter. PDT Partners LLC now owns 34,211 shares of the shipping company’s stock valued at $233,000 after purchasing an additional 10,224 shares in the last quarter. Institutional investors and hedge funds own 66.32% of the company’s stock.

StealthGas Stock Performance

StealthGas stock opened at $6.01 on Monday. StealthGas Inc. has a 12-month low of $4.82 and a 12-month 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 business’s 50-day moving average price is $5.60 and its two-hundred day moving average price is $5.94. The stock has a market cap of $220.81 million, a PE ratio of 3.40 and a beta of 0.77.

StealthGas (NASDAQ:GASS) last released its earnings results on Friday, February 21st. The shipping company reported $0.38 earnings per share (EPS) for the quarter. 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 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.