StealthGas Inc. (GASS) Major Shareholder Purchases $203,885.00 in Stock

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StealthGas Inc. (NASDAQ:GASS) major shareholder Glendon Capital Management Lp purchased 60,500 shares of StealthGas stock in a transaction dated Wednesday, February 20th. The stock was bought at an average cost of $3.37 per share, for a total transaction of $203,885.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Glendon Capital Management Lp also recently made the following trade(s):

  • On Monday, December 31st, Glendon Capital Management Lp bought 900 shares of StealthGas stock. The shares were acquired at an average cost of $2.74 per share, for a total transaction of $2,466.00.
  • On Monday, December 31st, Glendon Capital Management Lp bought 900 shares of StealthGas stock. The shares were acquired at an average cost of $2.74 per share, for a total transaction of $2,466.00.
  • On Monday, December 17th, Glendon Capital Management Lp bought 7,500 shares of StealthGas stock. The shares were acquired at an average cost of $3.14 per share, for a total transaction of $23,550.00.
  • On Wednesday, December 12th, Glendon Capital Management Lp bought 3,200 shares of StealthGas stock. The shares were acquired at an average cost of $3.35 per share, for a total transaction of $10,720.00.
  • On Monday, December 10th, Glendon Capital Management Lp purchased 6,200 shares of StealthGas stock. The shares were purchased at an average price of $3.34 per share, with a total value of $20,708.00.
  • On Thursday, December 6th, Glendon Capital Management Lp purchased 6,500 shares of StealthGas stock. The shares were purchased at an average price of $3.32 per share, with a total value of $21,580.00.
  • On Tuesday, December 4th, Glendon Capital Management Lp purchased 8,500 shares of StealthGas stock. The shares were purchased at an average price of $3.48 per share, with a total value of $29,580.00.
  • On Thursday, November 29th, Glendon Capital Management Lp bought 15,800 shares of StealthGas stock. The stock was bought at an average price of $3.58 per share, with a total value of $56,564.00.
  • On Tuesday, November 27th, Glendon Capital Management Lp bought 5,900 shares of StealthGas stock. The stock was bought at an average price of $3.60 per share, with a total value of $21,240.00.
  • On Friday, November 23rd, Glendon Capital Management Lp bought 1,990 shares of StealthGas stock. The stock was bought at an average price of $3.30 per share, with a total value of $6,567.00.

Shares of NASDAQ:GASS opened at $3.30 on Friday. The firm has a market cap of $137.12 million, a P/E ratio of 23.57 and a beta of 1.58. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 0.72. StealthGas Inc. has a 1-year low of $2.73 and a 1-year high of $4.50.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings data on Thursday, February 21st. The shipping company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.08). StealthGas had a positive return on equity of 0.47% and a negative net margin of 3.78%. As a group, research analysts expect that StealthGas Inc. will post 0.09 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Millennium Management LLC purchased a new position in StealthGas during the 4th quarter valued at about $41,000. Geode Capital Management LLC increased its holdings in StealthGas by 71.5% during the 4th quarter. Geode Capital Management LLC now owns 29,544 shares of the shipping company’s stock valued at $81,000 after acquiring an additional 12,321 shares in the last quarter. BlackRock Inc. purchased a new position in StealthGas during the 4th quarter valued at about $592,000. Towerview LLC increased its holdings in StealthGas by 10.8% during the 3rd quarter. Towerview LLC now owns 360,000 shares of the shipping company’s stock valued at $1,282,000 after acquiring an additional 35,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in StealthGas by 1.9% during the 3rd quarter. Renaissance Technologies LLC now owns 1,922,000 shares of the shipping company’s stock valued at $6,842,000 after acquiring an additional 35,312 shares in the last quarter. Hedge funds and other institutional investors own 58.68% of the company’s stock.

GASS has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of StealthGas from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research note on Friday, February 1st. ValuEngine cut shares of StealthGas from a “buy” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Maxim Group reiterated a “buy” rating and set a $6.00 price target on shares of StealthGas in a research note on Friday, November 23rd.

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StealthGas Company Profile

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. It also provides crude oil and product carriers chartered to oil producers, refiners, and commodities traders. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.

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