Towerview LLC Raises Stock Holdings in StealthGas Inc. (NASDAQ:GASS)

Towerview LLC increased its position in shares of StealthGas Inc. (NASDAQ:GASS) by 12.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,762,500 shares of the shipping company’s stock after acquiring an additional 305,000 shares during the period. StealthGas comprises about 11.2% of Towerview LLC’s portfolio, making the stock its 2nd biggest position. Towerview LLC owned about 0.08% of StealthGas worth $15,608,000 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 bought a new stake in StealthGas during the 4th quarter worth $53,000. DGS Capital Management LLC grew its position in StealthGas by 12.8% during the 4th quarter. DGS Capital Management LLC now owns 21,698 shares of the shipping company’s stock worth $123,000 after acquiring an additional 2,461 shares during the last quarter. Quadrature Capital Ltd grew its position in StealthGas by 14.8% during the 3rd quarter. Quadrature Capital Ltd now owns 22,799 shares of the shipping company’s stock worth $155,000 after acquiring an additional 2,933 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in StealthGas during the 3rd quarter worth $194,000. Finally, PDT Partners LLC grew its position in StealthGas by 42.6% during the 3rd quarter. PDT Partners LLC now owns 34,211 shares of the shipping company’s stock worth $233,000 after acquiring an additional 10,224 shares during the last quarter. Institutional investors own 66.32% of the company’s stock.

StealthGas Trading Down 1.5 %

NASDAQ GASS opened at $5.72 on Friday. The business’s 50-day moving average price is $5.67 and its two-hundred day moving average price is $5.94. StealthGas Inc. has a 12 month low of $4.82 and a 12 month high of $8.84. The firm has a market capitalization of $210.16 million, a PE ratio of 3.23 and a beta of 0.77. The company has a current ratio of 2.66, a quick ratio of 2.59 and a debt-to-equity ratio of 0.13.

StealthGas (NASDAQ:GASS) last released its quarterly earnings results on Friday, February 21st. The shipping company reported $0.38 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 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.