Imperial Petroleum Inc. (NASDAQ:IMPP) Shares Acquired by Deuterium Capital Management LLC

Deuterium Capital Management LLC boosted its position in Imperial Petroleum Inc. (NASDAQ:IMPP) by 43.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,393,770 shares of the company’s stock after buying an additional 423,183 shares during the quarter. Imperial Petroleum makes up about 11.0% of Deuterium Capital Management LLC’s holdings, making the stock its 4th biggest position. Deuterium Capital Management LLC owned about 4.68% of Imperial Petroleum worth $4,195,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Towerview LLC increased its position in Imperial Petroleum by 51.6% in the 4th quarter. Towerview LLC now owns 360,000 shares of the company’s stock worth $1,084,000 after buying an additional 122,510 shares during the period. GSA Capital Partners LLP grew its stake in shares of Imperial Petroleum by 28.9% in the third quarter. GSA Capital Partners LLP now owns 109,258 shares of the company’s stock worth $453,000 after acquiring an additional 24,501 shares during the last quarter. Finally, Wexford Capital LP increased its position in 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 period. Institutional investors own 94.44% of the company’s stock.

Imperial Petroleum Price Performance

Shares of Imperial Petroleum stock opened at $2.41 on Wednesday. The company has a market cap of $71.85 million, a PE ratio of 1.69 and a beta of 1.10. The firm has a fifty day moving average price of $2.92 and a two-hundred day moving average price of $3.40. Imperial Petroleum Inc. has a fifty-two week low of $2.37 and a fifty-two week high of $4.59.

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