Aigen Investment Management LP Makes New $377,000 Investment in Dorian LPG Ltd. (NYSE:LPG)

Key Points

• Aigen Investment Management LP has acquired 16,893 shares of Dorian LPG Ltd., valued at approximately $377,000, marking a new investment in the company.
• Additionally, Dorian LPG declared a quarterly dividend of $0.60 per share, representing an annualized yield of 7.9%, with a payout ratio of 86.96%.
• Recent earnings revealed Dorian LPG reported $0.27 EPS, missing analysts' expectations by $0.34, amidst a 26.3% decline in revenue compared to the previous year.

Aigen Investment Management LP purchased a new stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,893 shares of the shipping company's stock, valued at approximately $377,000.

Several other hedge funds and other institutional investors also recently modified their holdings of LPG. IFP Advisors Inc raised its stake in shares of Dorian LPG by 4.2% during the first quarter. IFP Advisors Inc now owns 11,914 shares of the shipping company's stock valued at $266,000 after purchasing an additional 477 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of Dorian LPG by 3.1% during the first quarter. Moors & Cabot Inc. now owns 16,308 shares of the shipping company's stock valued at $364,000 after purchasing an additional 495 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Dorian LPG by 4.8% during the first quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company's stock valued at $261,000 after purchasing an additional 532 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Dorian LPG by 2.5% during the fourth quarter. Franklin Resources Inc. now owns 22,593 shares of the shipping company's stock valued at $551,000 after purchasing an additional 545 shares in the last quarter. Finally, Voya Investment Management LLC raised its stake in shares of Dorian LPG by 3.8% during the fourth quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company's stock valued at $385,000 after purchasing an additional 572 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Dorian LPG Price Performance

Dorian LPG stock traded down $0.25 during midday trading on Friday, hitting $30.04. The company's stock had a trading volume of 406,798 shares, compared to its average volume of 626,361. The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.47. The stock's 50-day moving average price is $27.32 and its 200-day moving average price is $23.70. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $39.35. The company has a market capitalization of $1.28 billion, a PE ratio of 26.12 and a beta of 0.77.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The shipping company reported $0.27 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 quarter last year, the firm posted $1.26 earnings per share. Dorian LPG's revenue was down 26.3% compared to the same quarter last year. Analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 8.0%. Dorian LPG's payout ratio is presently 86.96%.

Analyst Ratings Changes

A number of brokerages recently weighed in on LPG. Jefferies Financial Group lifted their price objective on shares of Dorian LPG from $33.00 to $35.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Wall Street Zen upgraded shares of Dorian LPG from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st.

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.