D. E. Shaw & Co. Inc. Buys 6,200 Shares of Dorian LPG Ltd. (NYSE:LPG)

D. E. Shaw & Co. Inc. raised its stake in Dorian LPG Ltd. (NYSE:LPG) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,740 shares of the shipping company’s stock after purchasing an additional 6,200 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.12% of Dorian LPG worth $1,285,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LPG. Pacer Advisors Inc. grew its stake in shares of Dorian LPG by 20.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock valued at $100,583,000 after buying an additional 711,313 shares in the last quarter. American Century Companies Inc. lifted its stake in Dorian LPG by 11.0% in the fourth quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company’s stock valued at $32,950,000 after acquiring an additional 134,289 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of Dorian LPG in the 4th quarter valued at about $2,838,000. Northern Trust Corp increased its stake in shares of Dorian LPG by 20.1% during the 4th quarter. Northern Trust Corp now owns 418,569 shares of the shipping company’s stock worth $10,201,000 after purchasing an additional 70,046 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Dorian LPG by 27.0% during the 4th quarter. Bank of New York Mellon Corp now owns 299,417 shares of the shipping company’s stock worth $7,297,000 after purchasing an additional 63,613 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Activity at Dorian LPG

In other Dorian LPG news, CEO John C. Hadjipateras acquired 12,500 shares of the company’s stock in a transaction on Tuesday, April 8th. The stock was acquired at an average price of $17.75 per share, for a total transaction of $221,875.00. Following the purchase, the chief executive officer now directly owns 1,824,386 shares of the company’s stock, valued at $32,382,851.50. This trade represents a 0.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Pareto Securities upgraded Dorian LPG to a “buy” rating in a report on Tuesday, February 4th. Jefferies Financial Group reiterated a “buy” rating and set a $35.00 target price on shares of Dorian LPG in a research note on Friday, January 31st.

Dorian LPG Price Performance

Shares of LPG opened at $20.27 on Friday. The company’s 50-day moving average is $21.45 and its 200-day moving average is $23.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. The firm has a market capitalization of $867.64 million, a PE ratio of 5.16 and a beta of 0.71. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $51.66.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, May 22nd. The shipping company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. The firm had revenue of $75.89 million for the quarter, compared to analysts’ expectations of $79.04 million. During the same period in the prior year, the firm earned $1.91 EPS. The business’s revenue was down 46.3% on a year-over-year basis. Equities analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a yield of 13.5%. Dorian LPG’s dividend payout ratio (DPR) is presently 25.45%.

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.