Ardmore Shipping (ASC)

• Market cap: $499M
• 1 day: -1.25%
• 5 days: 6.65%
• 1 month: -2.30%
• 3 months: -15.88%
• 6 months: -45.25%
• Year to date: -4.51%
• 1 year: -28.36%
• 5 years: 93.01%
• 10 years: 5.23%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

63% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 27

39% more call options, than puts

Call options by funds: $3.53M | Put options by funds: $2.55M

7% more funds holding

Funds holding: 191 [Q2] → 205 (+14) [Q3]

0% more repeat investments, than reductions

Existing positions increased: 67 | Existing positions reduced: 67

5.21% less ownership

Funds ownership: 78.38% [Q2] → 73.17% (-5.21%) [Q3]

25% less capital invested

Capital invested by funds: $733M [Q2] → $550M (-$183M) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $17 43% upside
• Avg. target: $17 43% upside
• High target: $17 43% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Jefferies Omar Nokta 20% 1-year accuracy 11 / 56 met price target

43% upside $17

Buy Maintained

14 Nov 2024