Deuterium Capital Management LLC Buys 253,230 Shares of Imperial Petroleum Inc. (NASDAQ:IMPP)

Deuterium Capital Management LLC boosted its stake in Imperial Petroleum Inc. (NASDAQ:IMPP) by 174.4% in the 1st quarter, Holdings Channel reports. The firm owned 398,396 shares of the company’s stock after acquiring an additional 253,230 shares during the quarter. Imperial Petroleum accounts for approximately 2.2% of Deuterium Capital Management LLC’s portfolio, making the stock its 12th largest position. Deuterium Capital Management LLC’s holdings in Imperial Petroleum were worth $1,247,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Privium Fund Management UK Ltd bought a new position in shares of Imperial Petroleum in the fourth quarter valued at approximately $27,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Imperial Petroleum Stock Performance

Imperial Petroleum stock remained flat at $3.63 during midday trading on Friday. 104,230 shares of the company were exchanged, compared to its average volume of 512,855. Imperial Petroleum Inc. has a twelve month low of $1.18 and a twelve month high of $4.59. The stock has a market cap of $108.22 million, a price-to-earnings ratio of 2.59 and a beta of 1.19. The firm has a 50 day simple moving average of $3.83 and a two-hundred day simple moving average of $3.41.

Imperial Petroleum (NASDAQ:IMPP) last released its quarterly earnings results on Thursday, May 16th. The company reported $0.50 earnings per share for the quarter. The firm had revenue of $41.20 million for the quarter. Imperial Petroleum had a net margin of 32.64% and a return on equity of 24.08%.

Imperial Petroleum Profile

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.