Bridgeway Capital Management LLC Purchases 9,544 Shares of Dorian LPG Ltd. $LPG

Key Points

• Bridgeway Capital Management LLC increased its stake in Dorian LPG by 2.1% during the first quarter, holding approximately 1.07% of the company, valued at $10.2 million.
• Dorian LPG recently reported a loss in quarterly earnings with an EPS of $0.27, missing the consensus estimate of $0.61, and experienced a 26.3% decrease in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.60, representing a yield of 7.9%, which was paid on August 27th to shareholders of record from August 12th.

Bridgeway Capital Management LLC increased its position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 458,653 shares of the shipping company's stock after buying an additional 9,544 shares during the period. Bridgeway Capital Management LLC owned 1.07% of Dorian LPG worth $10,246,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of LPG. Heck Capital Advisors LLC acquired a new position in Dorian LPG during the 4th quarter worth $37,000. Brooklyn Investment Group increased its stake in shares of Dorian LPG by 2,087.8% in the first quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company's stock worth $44,000 after purchasing an additional 1,879 shares during the period. Picton Mahoney Asset Management increased its stake in shares of 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 worth $46,000 after purchasing an additional 2,008 shares during the period. CWM LLC lifted its position in shares of Dorian LPG by 74.5% during the 1st quarter. CWM LLC now owns 2,591 shares of the shipping company's stock worth $58,000 after purchasing an additional 1,106 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Dorian LPG by 50.4% during the 1st quarter. GAMMA Investing LLC now owns 3,299 shares of the shipping company's stock valued at $74,000 after purchasing an additional 1,105 shares during the period. Institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. 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 stock a "buy" rating in a research note on Friday, July 11th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $35.00.

Dorian LPG Price Performance

Shares of Dorian LPG stock traded down $0.21 during trading on Tuesday, hitting $31.52. 179,334 shares of the company's stock traded hands, compared to its average volume of 723,308. The company has a market cap of $1.34 billion, a PE ratio of 27.39 and a beta of 0.82. The firm's fifty day moving average price is $29.46 and its 200 day moving average price is $24.57. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve 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.

Dorian LPG (NYSE:LPG - Get Free Report) last posted 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). The business had revenue of $84.21 million during the quarter, compared to analyst estimates of $86.53 million. Dorian LPG had a return on equity of 5.24% and a net margin of 15.15%.The business's revenue for the quarter was down 26.3% on a year-over-year basis. During the same period last year, the company earned $1.26 EPS. Analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.40 annualized dividend and a yield of 7.6%. Dorian LPG's payout ratio is currently 86.96%.

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.