Towerview LLC Boosts Stock Position in Imperial Petroleum Inc. (NASDAQ:IMPP)

Towerview LLC raised its stake in Imperial Petroleum Inc. (NASDAQ:IMPP) by 51.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 360,000 shares of the company’s stock after buying an additional 122,510 shares during the quarter. Imperial Petroleum accounts for 0.8% of Towerview LLC’s investment portfolio, making the stock its 13th biggest holding. Towerview LLC’s holdings in Imperial Petroleum were worth $1,084,000 at the end of the most recent reporting period.

Separately, Wexford Capital LP grew its stake in shares of Imperial Petroleum by 41.8% during the third quarter. Wexford Capital LP now owns 312,201 shares of the company’s stock worth $1,296,000 after acquiring an additional 92,105 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

Imperial Petroleum Stock Performance

Shares of IMPP stock opened at $2.51 on Friday. Imperial Petroleum Inc. has a fifty-two week low of $2.46 and a fifty-two week high of $4.59. The firm has a market capitalization of $74.83 million, a price-to-earnings ratio of 1.76 and a beta of 1.10. The stock’s 50-day simple moving average is $2.95 and its 200-day simple moving average is $3.43.

Imperial Petroleum (NASDAQ:IMPP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.12 earnings per share for the quarter. Imperial Petroleum had a return on equity of 17.50% and a net margin of 34.01%. The business had revenue of $26.21 million for the quarter.

About Imperial Petroleum

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.