Michael Jolliffe Sells 15,000 Shares of GASS
Michael Jolliffe sold 15,000 shares of GASS on June 18, 2026, amid active insider trading.
Key Points
- Michael Jolliffe sold 15,000 shares of GASS on June 18, 2026, without a planned sale.
- Shares of GASS traded near $8.52 on Wednesday with significant activity by institutional investors.
- Towerview LLC increased its GASS holdings by 2,314,416 shares, marking a 75.4% increase.
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On June 18, 2026, Michael Jolliffe sold 15,000 shares of GASS. This transaction was not pre-planned, and the shares were sold at a price that wasn't specified. Jolliffe has been involved in several transactions with GASS, including purchasing shares on the same day.
Insider Buying and Selling at StealthGas Inc.
Michael Jolliffe, a significant shareholder, sold 15,000 shares of GASS on June 18, 2026. This sale was not part of a pre-planned trading strategy. On the same day, he also bought 15,000 shares at $6.15. Previously, on April 27, 2026, Harry Vafias, CEO, President, and CFO, bought 100,000 shares at $6.01 and sold the same amount at an unspecified price.
Other Institutional Activity in GASS
Towerview LLC significantly boosted its investment in GASS by adding 2,314,416 shares, resulting in a 75.4% increase to total 5,381,916 shares valued at approximately $49.4 million. Meanwhile, Glendon Capital Management maintained its position with 4,739,902 shares worth about $43.5 million. Renaissance Technologies LLC slightly increased its stake by 17,100 shares, bringing its total to 2,032,631 shares valued at $18.7 million. Acadian Asset Management trimmed its holdings by 2,579 shares to 1,121,978 shares, valued at $10.3 million. Arrowstreet Capital, Limited Partnership added 12,142 shares, raising its total to 514,871 shares worth $4.7 million. Two Sigma Investments, LP made a substantial increase of 204,731 shares, representing a 93.2% rise, totaling 424,434 shares valued at $3.9 million.
Analysts Set New Price Targets
On May 24, 2024, Maxim Group maintained its 'buy' rating for GASS with a price target of $10. This consistent rating reflects the firm's positive outlook on the stock, which has been reiterated multiple times over the past year.
Bottom Line
Michael Jolliffe's sale of 15,000 shares of GASS highlights ongoing insider activity at the company. Institutional investors are also actively adjusting their positions, with some making significant increases. While insider and institutional activities can signal confidence or caution, they are just one piece of the broader investment puzzle. As always, these trades are backward-looking and may not reflect current positions.
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