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Ardmore Shipping (ASC)

Company Profile

Company profile

Ticker

ASC

Exchange

Website

ardmoreshipping.com

CEO

Mr. Gernot Ruppelt

Incorporated

Marshall Islands

Location

Fiscal year end

Sector

Transportation and Warehousing > Deep Sea Freight Transportation

Industry (SIC)

Deep Sea Foreign Transportation of Freight

Blue Owl Capital • Teekay • Atlas • Seaspan • Danaos • Seacor • SFL • Navios Maritime • Costamare • Tsakos Energy Navigation Limited ...

Former names

Inland Core Assets Real Estate Trust, Inc., Inland Monthly Income Trust, Inc.

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

ASC stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$17.00

Low target

$17.00

High target

$17.00

Latest filings (excl ownership)

View all

Current report (foreign)

Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2024

Notice of effectiveness

Registration of securities for employees

Registration of securities for dividend or interest reinvestment plans (post-effective amendment)

Current report (foreign)

Shelf registration (foreign)

Current report (foreign)

Ardmore Shipping Corporation Announces Financial Results For The Three and Six Months Ended June 30, 2024

Ardmore Shipping Announces Leadership Transition

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Financial summary

Financial statements Chart ASC financial data

Quarter (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	46.81 mm	46.81 mm	46.81 mm	46.81 mm	46.81 mm	46.81 mm
Cash burn (monthly)	1.25 mm	409.83 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	14.76 mm	4.82 mm	n/a	n/a	n/a	n/a
Cash remaining	32.04 mm	41.98 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	25.5	102.4	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

ASC institutional ownership history Ownership history

87.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	195	153	+27.5%
Opened positions	61	52	+17.3%
Closed positions	19	24	-20.8%
Increased positions	65	48	+35.4%
Reduced positions	45	32	+40.6%

13F shares	Current	Prev Q	Change
Total value	647.16 bn	384.54 bn	+68.3%
Total shares	37.11 mm	32.46 mm	+14.3%
Total puts	123.60 k	282.50 k	-56.2%
Total calls	108.90 k	120.40 k	-9.6%
Total put/call ratio	1.1	2.3	-51.6%

Largest owners	Shares	Value	Change
Dimensional Fund Advisors	2.75 mm	$61.95 bn	-0.3%
BLK BlackRock	2.52 mm	$56.81 bn	+1.0%
Lolli-Ghetti Annalisa	2.30 mm	$0.00	0.0%
Alder Tree Investments II BV	2.04 mm	$30.25 mm	0.0%
EPS Ventures	1.97 mm	$27.09 mm	0.0%
Aristotle Capital Boston	1.74 mm	$39.19 bn	-12.3%
Renaissance Technologies	1.40 mm	$31.56 bn	+47.2%
Arrowstreet Capital, Limited Partnership	1.26 mm	$28.38 mm	+0.4%
Wellington Management	1.26 mm	$28.31 bn	-4.6%
American Century Companies	1.12 mm	$25.34 bn	+27.4%

Largest transactions	Shares	Bought/sold	Change
Nuveen Asset Management	903.92 k	+629.48 k	+229.4%
MS Morgan Stanley	979.85 k	+560.40 k	+133.6%
Private Management	1.04 mm	-558.81 k	-34.9%
Voloridge Investment Management	450.74 k	+450.74 k	NEW
Renaissance Technologies	1.40 mm	+449.20 k	+47.2%
GS The Goldman Sachs Group, Inc.	507.84 k	+333.14 k	+190.7%
Connor, Clark & Lunn Investment Management	281.19 k	+281.19 k	NEW
Segall Bryant & Hamill	255.23 k	+255.23 k	NEW
Aristotle Capital Boston	1.74 mm	-243.16 k	-12.3%
American Century Companies	1.12 mm	+241.75 k	+27.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

News

From Benzinga Pro

Top 4 Energy Stocks That Could Blast Off In November

Jefferies Maintains Buy on Ardmore Shipping, Lowers Price Target to $17

Jefferies analyst Omar Nokta maintains Ardmore Shipping (NYSE:ASC) with a Buy and lowers the price target from $20 to $17.

Ardmore Shipping Sees Q4 95% Of Its Revenue Days For Its MR Tankers Employed In The Spot Market With Remaining 5% Of Revenue Days Subject To Time Charters

In the fourth quarter of 2024, the Company expects to have 95% of its revenue days for its MR tankers employed in the spot market with the remaining 5% of revenue days subject to time charters. As of November 6, 2024,

Ardmore Shipping Q3 2024 Adj. EPS $0.55 Misses $0.62 Estimate, Sales $96.118M Beat $74.252M Estimate

Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 8% Dividend Yields

Press releases

From Benzinga Pro

Ardmore Shipping Announces Third Quarter 2024 Conference Call and Webcast

HAMILTON, Bermuda, Oct. 23, 2024 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE:ASC) ("Ardmore" or the "Company") today announced that the Company plans to announce its third quarter earnings before

REMINDER - Leading Shipping Companies Presenting at Capital Link's 16th Annual New York Maritime Forum October 15, 2024, in New York City

NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Senior executives from leading shipping companies will participate on panels at Capital Link's 16th Annual New York Maritime Forum, taking place on Tuesday, October 15, 2024,

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