Insider Buying: StealthGas Inc. (GASS) Major Shareholder Purchases 6,500 Shares of Stock

StealthGas Inc. (NASDAQ:GASS) major shareholder Glendon Capital Management Lp purchased 6,500 shares of StealthGas stock in a transaction dated Thursday, December 6th. The shares were purchased at an average price of $3.32 per share, for a total transaction of $21,580.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • 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, for a total transaction of $29,580.00.
  • On Thursday, November 29th, Glendon Capital Management Lp purchased 15,800 shares of StealthGas stock. The shares were purchased at an average price of $3.58 per share, for a total transaction of $56,564.00.
  • On Tuesday, November 27th, Glendon Capital Management Lp purchased 5,900 shares of StealthGas stock. The shares were purchased at an average price of $3.60 per share, for a total transaction of $21,240.00.
  • On Friday, November 23rd, Glendon Capital Management Lp purchased 1,990 shares of StealthGas stock. The shares were purchased at an average price of $3.30 per share, for a total transaction of $6,567.00.
  • On Wednesday, November 21st, Glendon Capital Management Lp purchased 4,800 shares of StealthGas stock. The shares were purchased at an average price of $3.31 per share, for a total transaction of $15,888.00.
  • On Monday, November 19th, Glendon Capital Management Lp purchased 4,800 shares of StealthGas stock. The shares were purchased at an average price of $3.38 per share, for a total transaction of $16,224.00.
  • On Friday, November 16th, Glendon Capital Management Lp purchased 6,196 shares of StealthGas stock. The shares were purchased at an average price of $3.48 per share, for a total transaction of $21,562.08.
  • On Tuesday, November 13th, Glendon Capital Management Lp bought 37,257 shares of StealthGas stock. The stock was bought at an average price of $3.49 per share, for a total transaction of $130,026.93.
  • On Wednesday, November 7th, Glendon Capital Management Lp bought 12,214 shares of StealthGas stock. The stock was bought at an average price of $3.43 per share, for a total transaction of $41,894.02.
  • On Friday, November 9th, Glendon Capital Management Lp bought 18,914 shares of StealthGas stock. The stock was bought at an average price of $3.42 per share, for a total transaction of $64,685.88.

GASS stock traded down $0.01 during trading on Friday, hitting $3.32. The company had a trading volume of 82,876 shares, compared to its average volume of 61,319. StealthGas Inc. has a one year low of $3.20 and a one year high of $4.70. The stock has a market capitalization of $132.74 million, a PE ratio of 23.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.07 and a quick ratio of 1.02.

StealthGas (NASDAQ:GASS) last announced its earnings results on Friday, November 23rd. The shipping company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). StealthGas had a negative net margin of 3.78% and a positive return on equity of 0.47%. The company had revenue of $37.46 million during the quarter, compared to the consensus estimate of $37.73 million. As a group, research analysts expect that StealthGas Inc. will post 0.08 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its holdings in StealthGas by 26.4% in the second quarter. Macquarie Group Ltd. now owns 68,157 shares of the shipping company’s stock valued at $271,000 after acquiring an additional 14,240 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in StealthGas by 3.8% in the third quarter. Russell Investments Group Ltd. now owns 2,382,724 shares of the shipping company’s stock valued at $8,483,000 after buying an additional 87,910 shares during the period. Towerview LLC lifted its stake in StealthGas by 10.8% in the third quarter. Towerview LLC now owns 360,000 shares of the shipping company’s stock valued at $1,282,000 after buying an additional 35,000 shares during the period. Renaissance Technologies LLC lifted its stake in StealthGas by 8.6% in the second quarter. Renaissance Technologies LLC now owns 1,886,688 shares of the shipping company’s stock valued at $7,490,000 after buying an additional 148,888 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in StealthGas by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,654,026 shares of the shipping company’s stock valued at $6,566,000 after buying an additional 22,868 shares during the period. Institutional investors and hedge funds own 60.33% of the company’s stock.

Several brokerages recently commented on GASS. Zacks Investment Research upgraded StealthGas from a “hold” rating to a “buy” rating and set a $3.75 target price on the stock in a report on Wednesday, October 10th. Maxim Group began coverage on StealthGas in a report on Thursday, October 25th. They issued a “buy” rating and a $6.00 target price on the stock. Finally, ValuEngine upgraded StealthGas from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $5.58.

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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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Insider Buying and Selling by Quarter for StealthGas (NASDAQ:GASS)

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