# Ardmore Shipping Corporation (ASC)

> Source: Nexqual · https://nexqual.com/ASC · data as of 2026-10-29 20:00 UTC · cite as "Nexqual, Ardmore Shipping Corporation (ASC), nexqual.com/ASC" · informational, not investment advice.

**Price:** USD 21.3 (+2.45% on the day) · last close of Oct 29, 2026; US market closed, not a live price. Prev close 20.79 · day 20.76–21.3 · 52w 10.31–21.35 · market cap $870M · NYQ

## Key facts
- Insider open-market sales, last ~7 months: 7 Form 4 filings, $1.1M; 6 not under a Rule 10b5-1 plan ($980K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.00 on a 1–5 scale) (2 analysts), mean target USD 23 (range 22–24).
- Total return with dividends: 1Y +79.9% vs S&P 500 +14.8%; 5Y +580.0% vs S&P 500 +79.1%.
- Next earnings: 2026-11-03, EPS estimate USD 0.38, revenue estimate $63.0M. All companies reporting that day: https://nexqual.com/earnings/2026-11-03
- Dividend: USD 1.37 a year (yield 6.59%), paid semiannual; latest ex-dividend date 2026-08-28.
- Short interest: 6.77% of float (as of 2026-10-15), 4.0 days to cover.

## Insider sales (SEC Form 4, open-market, last ~7 months)
1 of 7 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-15…2026-05-18 | McWilliams Curtis B | Director | 17,125 | $332K | 22% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-15 | De Jong Helen Johanna | Director | 1,534 | $29K | 5.8% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-12…2026-05-13 | McWilliams Curtis B | Director | 2,875 | $55K | 3.6% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-12 | De Jong Helen Johanna | Director | 1,966 | $37K | 6.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-12 | Tikka Kirsi | Director | 12,000 | $227K | 25.3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-12 | O'Driscoll Aideen Siobhan | SVP & Sr. Dir. of Corp. Svcs | 15,848 | $300K | 44.7% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-05 | Kelleher Bart B | President | 8,000 | $153K | 11.8% | Yes | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 2 analysts; mean target USD 23 (low 22, high 24).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-30) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +79.9% | +580.0% |
| S&P 500 (SPY) | +14.8% | +79.1% |
| Per year | +80.5% | +46.6% |
| Volatility (annualized) | 39.0% | 40.8% |
| Max drawdown | -27.1% (May 2026→Jun 2026) | -59.7% (May 2024→Mar 2025) |

## Dividends
Annual dividend rate USD 1.37 per share, yield 6.59% at the current price. Paid over the last 12 months: USD 1.27 in 3 payments (semiannual).
Most recent ex-dividend date: Aug 28, 2026; payment date: Sep 15, 2026. To receive a dividend, shares must be owned before the ex-dividend date.
Latest change: raised 102.6% to USD 0.79 per payment from USD 0.39, starting with the Aug 28, 2026 ex-dividend date.
Payout ratio 25% of earnings · 5-year average yield 2.41%.
| Ex-dividend date | Amount per share |
|---|---|
| 2026-08-28 | USD 0.79 |
| 2026-05-29 | USD 0.39 |
| 2026-02-27 | USD 0.09 |
| 2025-08-29 | USD 0.07 |
| 2025-05-30 | USD 0.05 |
| 2025-02-28 | USD 0.08 |
| 2024-11-29 | USD 0.18 |
| 2024-08-30 | USD 0.38 |
Total by calendar year: 2023 USD 1.15 · 2024 USD 1.08 · 2025 USD 0.20.

## Short interest
2,741,306 shares sold short, 6.77% of the float, as of Oct 15, 2026 (exchange short-interest report, published about twice a month). Prior report (Sep 15, 2026): 2,550,851 shares (+7.5%). Days to cover: 4.0 (short shares ÷ average daily volume).

## Peers (Marine Shipping)
CCEC (Capital Clean Energy Carriers C) USD 19.73 -3.28% · SFL (SFL Corporation Ltd) USD 13.17 +3.05% · CMRE (Costamare Inc.) USD 14.42 -2.44% · HOS (Hornbeck Offshore Services, Inc) USD 7.18 +1.27% · NMM (Navios Maritime Partners LP) USD 91.03 +2.19% · SBLK (Star Bulk Carriers Corp.) USD 28.89 +0.24%

## More
Full page: https://nexqual.com/ASC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name ASC in their own reports (relationship from ASC's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | International Seaways, Inc. (INSW) | 10-K 2026-02-26 | "Voyage receivables consist of (i) operating lease receivables associated with revenues from leases accounted for under ASC 842, Leases (ASC 842), which are primarily accrued earnings due from pools; a…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.38 | $0.60 | -36.7% | $63.0M | 1 |
| Next quarter (ends 2026-12-31) | — | — | — | $104.0M | — |
| Current fiscal year (ends 2026-12-31) | $3.73 | $3.02 | +23.5% | $315.0M | 2 |
| Next fiscal year (ends 2027-12-31) | $3.34 | $0.84 | +297.6% | $302.0M | 2 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-03): ±13.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 22 | 67.4% | ±13.6% |
| 2026-12-18 | 50 | 61.6% | ±18.2% |
| 2027-01-15 | 78 | 53.1% | ±19.5% |
| 2027-04-16 | 169 | 44.0% | ±23.0% |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $1.18 | $1.11 | Beat +6.3% | — |
| — | Quarter ended Mar 31, 2026 | $0.58 | $0.54 | Beat +7.4% | — |
| — | Quarter ended Dec 31, 2025 | $0.28 | $0.27 | Beat +3.7% | — |
| — | Quarter ended Sep 30, 2025 | $0.31 | $0.27 | Beat +14.8% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-08-07 | Schedule 13G/A | Scorpio Holdings Limited, Annalisa Lolli-Ghetti: 3.7% of shares, passive 5%+ holder (amended) | https://www.sec.gov/Archives/edgar/data/1577437/000114036126031836/0001140361-26-031836-index.htm |
| 2026-07-29 | 6-K | Current report (foreign issuer) · period ended Jul 29, 2026 | https://www.sec.gov/Archives/edgar/data/1577437/000110465926087836/0001104659-26-087836-index.htm |
| 2026-07-29 | 6-K | Current report (foreign issuer) · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/1577437/000110465926087834/0001104659-26-087834-index.htm |
| 2026-07-27 | Schedule 13G | BlackRock, Inc.: 5.4% of shares, passive 5%+ holder | https://www.sec.gov/Archives/edgar/data/1577437/000201238326002152/0002012383-26-002152-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.