Glendon Capital Management LP has announced an increase in its ownership stake in StealthGas Inc. to 10.85%, as detailed in a recent SEC filing. This change, noted in a Schedule 13G/A, is significant for both Glendon and the broader deep sea foreign transportation industry.

StealthGas Inc., which operates in the deep sea foreign transportation of freight sector, is based in Athens, Greece. The company, identified by CIK 0001328919, has been a focal point for various investment firms, including Glendon Capital Management, which is based in Santa Monica, California.

According to the filing, Glendon Capital Management now holds 4,112,973 shares of StealthGas's common stock. This ownership was calculated based on 37,918,616 shares outstanding as of November 4, 2026, as disclosed in the issuer's proxy statement. The filing states, "Percentage ownership is calculated based on the shares outstanding as of November 4, 2026." This increase reflects Glendon's growing confidence in StealthGas's potential for future growth.

The filing also includes details about other stakeholders, such as Glendon Opportunities Fund, L.P. and Brian Berman, who also hold the same number of shares and percentage ownership. This indicates a unified strategy among these entities regarding their investment in StealthGas.

This increase in ownership could have implications for the competitive landscape within the deep sea foreign transportation sector. As Glendon Capital Management solidifies its position, it may influence other investment firms and stakeholders in their decisions regarding StealthGas and similar companies.

Looking ahead, the filing does not specify what actions might follow this increase in ownership. However, it underscores Glendon Capital Management's commitment to its investment strategy and its belief in the potential of StealthGas Inc.