StealthGas (NASDAQ:GASS) Downgraded by StockNews.com

StealthGas (NASDAQ:GASS) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.

StealthGas Price Performance

Shares of NASDAQ:GASS opened at $6.89 on Friday. The company has a 50-day simple moving average of $6.30 and a 200-day simple moving average of $6.60. StealthGas has a one year low of $4.73 and a one year high of $8.84. The stock has a market capitalization of $249.02 million, a price-to-earnings ratio of 4.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.20 and a current ratio of 2.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its stake in StealthGas by 64.1% in the 4th quarter. Russell Investments Group Ltd. now owns 45,224 shares of the shipping company’s stock valued at $291,000 after acquiring an additional 17,659 shares during the last quarter. Jump Financial LLC increased its position in StealthGas by 16.6% during the 4th quarter. Jump Financial LLC now owns 38,469 shares of the shipping company’s stock worth $249,000 after purchasing an additional 5,475 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in StealthGas by 17.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 89,109 shares of the shipping company’s stock worth $576,000 after buying an additional 13,453 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in StealthGas in the 4th quarter valued at $201,000. Finally, DGS Capital Management LLC acquired a new position in StealthGas during the 1st quarter worth approximately $106,000. 66.32% of the stock is currently owned by institutional investors and hedge funds.

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.