StealthGas Inc. (NASDAQ:GASS) is Towerview LLC’s 2nd Largest Position

Towerview LLC lifted its position in StealthGas Inc. (NASDAQ:GASS) by 10.0% during the third quarter, Holdings Channel reports. The institutional investor owned 2,457,500 shares of the shipping company’s stock after buying an additional 222,500 shares during the quarter. StealthGas comprises approximately 10.8% of Towerview LLC’s investment portfolio, making the stock its 2nd largest holding. Towerview LLC owned approximately 0.07% of StealthGas worth $16,736,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GASS. Inspire Advisors LLC grew its stake in StealthGas by 79.8% during the 3rd quarter. Inspire Advisors LLC now owns 99,003 shares of the shipping company’s stock worth $674,000 after buying an additional 43,931 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in StealthGas in the second quarter worth about $504,000. Sei Investments Co. grew its stake in shares of StealthGas by 37.6% during the second quarter. Sei Investments Co. now owns 26,412 shares of the shipping company’s stock worth $194,000 after acquiring an additional 7,222 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of StealthGas during the second quarter valued at about $146,000. Finally, Acadian Asset Management LLC raised its position in shares of StealthGas by 9.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,374,210 shares of the shipping company’s stock valued at $10,073,000 after purchasing an additional 123,674 shares during the last quarter. Institutional investors own 66.32% of the company’s stock.

StealthGas Stock Performance

Shares of GASS traded up $0.03 during trading hours on Thursday, reaching $6.04. 9,466 shares of the company traded hands, compared to its average volume of 150,902. The company has a quick ratio of 2.43, a current ratio of 2.50 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average price of $6.47 and a 200-day moving average price of $6.72. StealthGas Inc. has a 12-month low of $5.33 and a 12-month high of $8.84. The stock has a market capitalization of $221.91 million, a P/E ratio of 3.25 and a beta of 0.83.

StealthGas (NASDAQ:GASS) last issued its quarterly earnings results on Thursday, September 5th. The shipping company reported $0.70 EPS for the quarter. The company had revenue of $39.12 million during the quarter. StealthGas had a return on equity of 11.63% and a net margin of 44.79%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of StealthGas from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 15th.

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.