Two Sigma Advisers LP Cuts Stock Position in Dorian LPG Ltd. (NYSE:LPG)

Two Sigma Advisers LP lessened its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 41.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 316,533 shares of the shipping company’s stock after selling 222,600 shares during the quarter. Two Sigma Advisers LP’s holdings in Dorian LPG were worth $7,714,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Dorian LPG during the 4th quarter valued at $698,000. Barclays PLC increased its position in Dorian LPG by 392.6% during the 3rd quarter. Barclays PLC now owns 62,935 shares of the shipping company’s stock valued at $2,167,000 after buying an additional 50,160 shares in the last quarter. Victory Capital Management Inc. increased its position in Dorian LPG by 10.3% during the 4th quarter. Victory Capital Management Inc. now owns 180,701 shares of the shipping company’s stock valued at $4,404,000 after buying an additional 16,947 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Dorian LPG by 20.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock worth $100,583,000 after acquiring an additional 711,313 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in Dorian LPG in the fourth quarter worth about $273,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Insider Activity

In other news, CEO John C. Hadjipateras bought 12,500 shares of the business’s stock in a transaction dated Tuesday, April 8th. The stock was purchased at an average cost of $17.75 per share, with a total value of $221,875.00. Following the acquisition, the chief executive officer now directly owns 1,824,386 shares in the company, 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. Insiders own 13.40% of the company’s stock.

Dorian LPG Price Performance

Shares of NYSE LPG opened at $21.62 on Friday. Dorian LPG Ltd. has a 52 week low of $16.66 and a 52 week high of $51.66. The business’s 50 day moving average price is $21.44 and its 200 day moving average price is $23.05. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The firm has a market cap of $925.21 million, a P/E ratio of 5.50 and a beta of 0.71.

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

Dorian LPG Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a dividend yield of 13.5%. Dorian LPG’s payout ratio is currently 25.45%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LPG shares. Wall Street Zen downgraded shares of Dorian LPG from a “hold” rating to a “sell” rating in a report on Saturday. Jefferies Financial Group restated a “buy” rating and set a $35.00 price target on shares of Dorian LPG in a research note on Friday, January 31st. Finally, Pareto Securities raised shares of Dorian LPG to a “buy” rating in a report on Tuesday, February 4th.

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.