1 day Ago By ABMN Staff
Shares of Ardmore Shipping Co. ( NYSE:ASC – Get Free Report ) were down 3.2% during mid-day trading on Friday .
The stock traded as low as $12.01 and last traded at $12.03.
Approximately 107,241 shares traded hands during trading, a decline of 71% from the average daily volume of 374,123 shares. The stock had previously closed at $12.43.
Wall Street Analysts Forecast Growth Several equities analysts have recently commented on ASC shares. Fearnley Fonds upgraded Ardmore Shipping to a “hold” rating in a research report on Friday, September 27th. StockNews.
com lowered Ardmore Shipping from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Stifel Nicolaus downgraded shares of Ardmore Shipping from a “buy” rating to a “hold” rating and decreased their price target for the stock from $24.00 to $17.
00 in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group cut their price objective on shares of Ardmore Shipping from $20.00 to $17.
00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.
com, the stock has a consensus rating of “Hold” and a consensus price target of $20.00. View Our Latest Stock Report on Ardmore Shipping Ardmore Shipping Price Performance Ardmore Shipping Cuts Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th.
Stockholders of record on Friday, November 29th were paid a dividend of $0.18 per share. This represents a $0.
72 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend was Friday, November 29th.
Ardmore Shipping’s dividend payout ratio (DPR) is presently 20.17%. Institutional Inflows and Outflows Several hedge funds have recently made changes to their positions in ASC.
GAMMA Investing LLC boosted its position in Ardmore Shipping by 261.1% during the 4th quarter. GAMMA Investing LLC now owns 2,116 shares of the shipping company’s stock valued at $26,000 after buying an additional 1,530 shares during the period.
Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Ardmore Shipping during the second quarter worth about $29,000.
Private Trust Co. NA purchased a new stake in shares of Ardmore Shipping during the third quarter worth about $31,000. Larson Financial Group LLC bought a new stake in shares of Ardmore Shipping in the second quarter worth about $34,000.
Finally, Nisa Investment Advisors LLC increased its holdings in Ardmore Shipping by 2,906.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,006 shares of the shipping company’s stock valued at $54,000 after purchasing an additional 2,906 shares during the period.
62.22% of the stock is owned by hedge funds and other institutional investors. Ardmore Shipping Company Profile ( Get Free Report ) Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide.
The company's fleet consists of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. Featured Stories Receive News & Ratings for Ardmore Shipping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardmore Shipping and related companies with MarketBeat.
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