Trexquant Investment LP Acquires Shares of 72,706 Dorian LPG Ltd. $LPG

Trexquant Investment LP acquired a new stake in shares of Dorian LPG Ltd. (NYSE:LPG) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 72,706 shares of the shipping company’s stock, valued at approximately $1,624,000.

A number of other institutional investors have also modified their holdings of LPG. Heck Capital Advisors LLC purchased a new stake in Dorian LPG during the 4th quarter worth approximately $37,000. Brooklyn Investment Group lifted its holdings in Dorian LPG by 2,087.8% in the first quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company’s stock valued at $44,000 after acquiring an additional 1,879 shares during the last quarter. Picton Mahoney Asset Management lifted its holdings in Dorian LPG by 6,275.0% in the first quarter. Picton Mahoney Asset Management now owns 2,040 shares of the shipping company’s stock valued at $46,000 after acquiring an additional 2,008 shares during the last quarter. CWM LLC lifted its holdings in Dorian LPG by 74.5% in the first quarter. CWM LLC now owns 2,591 shares of the shipping company’s stock valued at $58,000 after acquiring an additional 1,106 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Dorian LPG by 50.4% during the first quarter. GAMMA Investing LLC now owns 3,299 shares of the shipping company’s stock worth $74,000 after purchasing an additional 1,105 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LPG shares. Wall Street Zen raised Dorian LPG from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st. Jefferies Financial Group raised their price objective on shares of Dorian LPG from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $35.00.

Dorian LPG Stock Performance

Shares of LPG stock opened at $31.07 on Friday. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $37.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.32 and a quick ratio of 3.30. The firm has a market capitalization of $1.33 billion, a P/E ratio of 27.02 and a beta of 0.82. The company’s fifty day moving average price is $29.32 and its two-hundred day moving average price is $24.48.

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

Dorian LPG Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Tuesday, August 12th.

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.