Ardmore ShippingASC
Market Cap: $730M
About: Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The Company operates its business in one operating segment, the transportation of refined petroleum products and chemicals.
Employees: 834
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
145% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 20
51% more capital invested
Capital invested by funds: $457M [Q1] → $693M (+$235M) [Q2]
37% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 52
18% more funds holding
Funds holding: 162 [Q1] → 191 (+29) [Q2]
6.97% more ownership
Funds ownership: 67.2% [Q1] → 74.17% (+6.97%) [Q2]
7% more call options, than puts
Call options by funds: $4.43M | Put options by funds: $4.12M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Jefferies Omar Nokta 42% 1-year accuracy 18 / 43 met price target | 37%upside $24 | Buy Maintained | 31 Jul 2024 |
Stifel Benjamin Nolan 46% 1-year accuracy 19 / 41 met price target | 37%upside $24 | Buy Maintained | 24 Jul 2024 |
Evercore ISI Group Jonathan Chappell 68% 1-year accuracy 15 / 22 met price target | 49%upside $26 | Outperform Maintained | 23 Jul 2024 |
Financial journalist opinion
Based on 8 articles about ASC published over the past 30 days