Dorian LPG Ltd. (NYSE:LPG) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 146.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in Dorian LPG by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 197,574 shares of the shipping company’s stock worth $6,800,000 after purchasing an additional 25,343 shares during the last quarter. Geode Capital Management LLC raised its holdings in Dorian LPG by 9.1% during the third quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock worth $33,195,000 after purchasing an additional 80,757 shares during the last quarter. Vestcor Inc raised its holdings in Dorian LPG by 5.6% during the third quarter. Vestcor Inc now owns 275,362 shares of the shipping company’s stock worth $9,478,000 after purchasing an additional 14,660 shares during the last quarter. Barclays PLC raised its holdings in Dorian LPG by 392.6% during the third quarter. Barclays PLC now owns 62,935 shares of the shipping company’s stock worth $2,167,000 after purchasing an additional 50,160 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in Dorian LPG by 146.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 27,289 shares of the shipping company’s stock worth $939,000 after purchasing an additional 16,207 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Dorian LPG Stock Performance

Dorian LPG stock opened at $26.46 on Tuesday. 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 fifty day moving average of $24.89 and a two-hundred day moving average of $32.48. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 4.48 and a beta of 0.93. Dorian LPG Ltd. has a fifty-two week low of $22.46 and a fifty-two week high of $51.66.

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

Dorian LPG Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th were given 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 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.