GSA Capital Partners LLP Purchases Shares of 76,999 Dorian LPG Ltd. (NYSE:LPG)

GSA Capital Partners LLP purchased a new stake in Dorian LPG Ltd. (NYSE:LPG) during the first quarter, Holdings Channel reports. The firm purchased 76,999 shares of the shipping company’s stock, valued at approximately $1,720,000.

A number of other large investors have also recently bought and sold shares of the stock. IFP Advisors Inc grew its position in Dorian LPG by 4.2% in the first quarter. IFP Advisors Inc now owns 11,914 shares of the shipping company’s stock valued at $266,000 after acquiring an additional 477 shares during the period. Arizona State Retirement System grew its position in Dorian LPG by 4.8% in the first quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company’s stock valued at $261,000 after acquiring an additional 532 shares during the period. Franklin Resources Inc. grew its position in Dorian LPG by 2.5% in the fourth quarter. Franklin Resources Inc. now owns 22,593 shares of the shipping company’s stock valued at $551,000 after acquiring an additional 545 shares during the period. Voya Investment Management LLC boosted its stake in Dorian LPG by 3.8% in the fourth quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company’s stock worth $385,000 after purchasing an additional 572 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its stake in Dorian LPG by 3.3% in the first quarter. SummerHaven Investment Management LLC now owns 18,929 shares of the shipping company’s stock worth $423,000 after purchasing an additional 598 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on LPG. Wall Street Zen raised Dorian LPG from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Jefferies Financial Group lifted their target price on shares of Dorian LPG from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, July 11th.

Dorian LPG Trading Down 0.6%

NYSE:LPG opened at $29.75 on Wednesday. Dorian LPG Ltd. has a 1-year low of $16.66 and a 1-year high of $42.38. The business’s 50-day moving average price is $25.22 and its two-hundred day moving average price is $23.25. The company has a current ratio of 3.54, a quick ratio of 3.52 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 13.77 and a beta of 0.77.

Dorian LPG (NYSE:LPG) last released its 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 return on equity of 8.88% and a net margin of 25.52%. The firm had revenue of $75.89 million for the quarter, compared to analyst estimates of $79.04 million. During the same quarter in the prior year, the firm posted $1.91 earnings per share. The company’s quarterly revenue was down 46.3% on a year-over-year basis. On average, equities analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a dividend yield of 13.5%.

Dorian LPG Company 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.