HighTower Advisors LLC Acquires New Position in Dorian LPG Ltd. (NYSE:LPG)

HighTower Advisors LLC bought a new position in Dorian LPG Ltd. (NYSE:LPG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,157 shares of the shipping company’s stock, valued at approximately $463,000.

A number of other large investors have also made changes to their positions in LPG. Quarry LP raised its stake in Dorian LPG by 57.8% during the 2nd quarter. Quarry LP now owns 942 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 345 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in Dorian LPG by 126.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock valued at $52,000 after purchasing an additional 697 shares during the last quarter. CWM LLC raised its position in Dorian LPG by 285.4% in the 3rd quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock worth $71,000 after purchasing an additional 1,524 shares during the period. Ovata Capital Management Ltd bought a new stake in Dorian LPG in the second quarter worth about $210,000. Finally, Saxony Capital Management LLC lifted its stake in shares of Dorian LPG by 8.2% during the 2nd quarter. Saxony Capital Management LLC now owns 6,028 shares of the shipping company’s stock worth $253,000 after acquiring an additional 456 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reiterated a “buy” rating and set a $42.00 price objective on shares of Dorian LPG in a research note on Thursday, October 31st.

Dorian LPG Trading Down 0.9 %

NYSE LPG opened at $22.97 on Friday. Dorian LPG Ltd. has a 52 week low of $22.46 and a 52 week high of $51.66. The company has a 50 day moving average price of $27.00 and a 200 day moving average price of $34.72. The company has a quick ratio of 4.20, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The firm has a market cap of $983.21 million, a PE ratio of 3.89 and a beta of 0.93.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). The business had revenue of $82.40 million for the quarter, compared to analyst estimates of $82.40 million. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The business’s revenue for the quarter was down 43.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 earnings per share. As a group, sell-side analysts forecast that Dorian LPG Ltd. will post 3.45 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, November 25th. Shareholders of record on Tuesday, November 5th were issued a $1.00 dividend. The ex-dividend date was Tuesday, November 5th. Dorian LPG’s dividend payout ratio is presently 16.95%.

Dorian LPG 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.