Ardmore Shipping (ASC)

• Market cap: $479M
• 1 day: -6.78%
• 5 days: -15.42%
• 1 month: -3.96%
• 3 months: -31.06%
• 6 months: -46.36%
• Year to date: -8.21%
• 1 year: -26.77%
• 5 years: 58.25%
• 10 years: 4.97%

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: $732M [Q2] → $549M (-$183M) [Q3]

Research analyst outlook

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

• Low target: $17 49% upside
• Avg. target: $17 49% upside
• High target: $17 49% upside

2 analyst ratings

• positive: 1 50%
• neutral: 1 50%
• negative: 0 0%

Jefferies Omar Nokta 30% 1-year accuracy 17 / 57 met price target	49% upside $17	Buy Maintained	14 Nov 2024
Stifel Benjamin Nolan 44% 1-year accuracy 18 / 41 met price target	49% upside $17	Hold Downgraded	23 Oct 2024