GAMMA Investing LLC grew its position in shares of Dorian LPG Ltd. (NYSE:LPG – Free Report) by 146.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,194 shares of the shipping company’s stock after acquiring an additional 1,303 shares during the quarter. GAMMA Investing LLC’s holdings in Dorian LPG were worth $53,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP boosted its position in shares of Dorian LPG by 57.8% in the second quarter. Quarry LP now owns 942 shares of the shipping company’s stock worth $40,000 after buying an additional 345 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Dorian LPG by 126.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock worth $52,000 after buying an additional 697 shares during the period. CWM LLC boosted its position in shares of Dorian LPG by 285.4% in the third quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock worth $71,000 after buying an additional 1,524 shares during the period. Sei Investments Co. purchased a new stake in shares of Dorian LPG in the second quarter worth about $289,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Dorian LPG by 7.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,446 shares of the shipping company’s stock worth $325,000 after buying an additional 692 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of Dorian LPG in a research report on Thursday, October 31st.
Dorian LPG Trading Up 1.9 %
Shares of LPG opened at $26.46 on Tuesday. The company has a market capitalization of $1.13 billion, a P/E ratio of 4.48 and a beta of 0.93. Dorian LPG Ltd. has a one year low of $22.46 and a one year high of $51.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22. The stock has a 50-day moving average price of $24.89 and a 200 day moving average price of $32.48.
Dorian LPG (NYSE:LPG – Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The shipping company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). The business had revenue of $82.40 million during the quarter, compared to analysts’ expectations of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The company’s revenue for the quarter was down 43.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.85 EPS. Sell-side analysts forecast that Dorian LPG Ltd. will post 3.45 EPS for the current fiscal year.
Dorian LPG Announces Dividend
The firm also recently declared a dividend, which was paid on Monday, November 25th. Investors of record on Tuesday, November 5th were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. Dorian LPG’s dividend payout ratio is currently 16.95%.
Dorian LPG Company Profile
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.
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