Point72 Asia Singapore Pte. Ltd. Grows Position in Dorian LPG Ltd. (NYSE:LPG)

Point72 Asia Singapore Pte. Ltd. increased its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 126.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,247 shares of the shipping company’s stock after buying an additional 697 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Dorian LPG were worth $52,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC increased its stake in shares of Dorian LPG by 23.2% during the first quarter. First Eagle Investment Management LLC now owns 266,875 shares of the shipping company’s stock worth $10,264,000 after buying an additional 50,200 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Dorian LPG by 844.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company’s stock worth $8,653,000 after buying an additional 201,134 shares during the period. Vanguard Group Inc. increased its stake in shares of Dorian LPG by 16.7% during the first quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock worth $82,067,000 after buying an additional 305,818 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Dorian LPG during the first quarter worth approximately $815,000. Finally, American Century Companies Inc. increased its stake in Dorian LPG by 14.2% in the second quarter. American Century Companies Inc. now owns 1,063,865 shares of the shipping company’s stock valued at $44,640,000 after purchasing an additional 132,542 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Stock Performance

Shares of Dorian LPG stock opened at $35.81 on Friday. The firm has a market capitalization of $1.45 billion, a P/E ratio of 4.71 and a beta of 0.98. Dorian LPG Ltd. has a 52 week low of $26.78 and a 52 week high of $51.66. The company has a quick ratio of 4.58, a current ratio of 4.60 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average is $36.58 and its two-hundred day moving average is $40.22.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.03 by $0.23. The company had revenue of $114.30 million for the quarter, compared to analyst estimates of $113.70 million. Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 earnings per share. Research analysts forecast that Dorian LPG Ltd. will post 4.94 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently disclosed a None dividend, which was paid on Wednesday, August 21st. Stockholders of record on Thursday, August 8th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, August 8th. Dorian LPG’s payout ratio is currently 13.16%.

Insider Activity

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $36.12, for a total value of $90,300.00. Following the completion of the sale, the chief operating officer now directly owns 82,823 shares of the company’s stock, valued at approximately $2,991,566.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 15.90% of the company’s stock.

Analyst Ratings Changes

Separately, DNB Markets upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, July 3rd.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.