Dorian LPG Ltd. $LPG Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Dorian LPG Ltd. (NYSE:LPG) by 84.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,098 shares of the shipping company’s stock after purchasing an additional 2,799 shares during the period. GAMMA Investing LLC’s holdings in Dorian LPG were worth $149,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in LPG. NewEdge Advisors LLC raised its position in shares of Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,315 shares in the last quarter. Brooklyn Investment Group raised its position in shares of Dorian LPG by 2,087.8% in the 1st quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company’s stock valued at $44,000 after purchasing an additional 1,879 shares in the last quarter. Picton Mahoney Asset Management raised its position in shares of Dorian LPG by 6,275.0% in the 1st quarter. Picton Mahoney Asset Management now owns 2,040 shares of the shipping company’s stock valued at $46,000 after purchasing an additional 2,008 shares in the last quarter. CWM LLC raised its position in shares of Dorian LPG by 74.5% in the 1st quarter. CWM LLC now owns 2,591 shares of the shipping company’s stock valued at $58,000 after purchasing an additional 1,106 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Dorian LPG by 112.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,540 shares of the shipping company’s stock valued at $79,000 after purchasing an additional 1,870 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Dorian LPG Price Performance

Shares of LPG opened at $30.12 on Tuesday. The company has a market cap of $1.28 billion, a P/E ratio of 26.19 and a beta of 0.82. The stock has a fifty day moving average price of $30.82 and a 200 day moving average price of $25.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.32 and a quick ratio of 3.30. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $37.16.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Friday, August 1st. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.34). Dorian LPG had a return on equity of 5.24% and a net margin of 15.15%.The business had revenue of $84.21 million during the quarter, compared to the consensus estimate of $86.53 million. During the same period in the previous year, the company posted $1.26 EPS. The company’s revenue for the quarter was down 26.3% compared to the same quarter last year. On average, research analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were issued a $0.60 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 8.0%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Jefferies Financial Group upped their target price on Dorian LPG from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Zacks Research lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Dorian LPG presently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Insider Buying and Selling at Dorian LPG

In other news, COO Alexander C. Hadjipateras sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $32.38, for a total value of $161,900.00. Following the completion of the sale, the chief operating officer owned 89,440 shares in the company, valued at $2,896,067.20. This represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 13.60% of the stock is currently owned by company insiders.

About Dorian LPG

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.