GAMMA Investing LLC Purchases 71,506 Shares of Dorian LPG Ltd. (NYSE:LPG)

GAMMA Investing LLC grew its stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 3,259.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,700 shares of the shipping company's stock after acquiring an additional 71,506 shares during the quarter. GAMMA Investing LLC owned about 0.17% of Dorian LPG worth $1,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. increased its holdings in shares of Dorian LPG by 11.0% during the fourth quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company's stock valued at $32,950,000 after acquiring an additional 134,289 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dorian LPG by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 1,001,189 shares of the shipping company's stock valued at $24,404,000 after acquiring an additional 36,967 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Dorian LPG by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company's stock valued at $12,778,000 after acquiring an additional 52,571 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Dorian LPG by 2.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 449,109 shares of the shipping company's stock valued at $10,945,000 after acquiring an additional 11,550 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Dorian LPG by 20.1% during the fourth quarter. Northern Trust Corp now owns 418,569 shares of the shipping company's stock valued at $10,201,000 after acquiring an additional 70,046 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Dorian LPG from a "sell" rating to a "hold" rating in a report on Sunday, June 1st.

Insider Activity at Dorian LPG

In other news, CEO John C. Hadjipateras purchased 12,500 shares of the business's stock in a transaction on Tuesday, April 8th. The stock was acquired at an average cost of $17.75 per share, for a total transaction of $221,875.00. Following the purchase, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 13.40% of the stock is currently owned by insiders.

Dorian LPG Stock Performance

Shares of Dorian LPG stock traded up $0.01 during trading on Wednesday, hitting $25.76. 634,533 shares of the company's stock traded hands, compared to its average volume of 700,239. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.54 and a quick ratio of 3.52. Dorian LPG Ltd. has a 1 year low of $16.66 and a 1 year high of $43.85. The stock has a market capitalization of $1.10 billion, a P/E ratio of 11.93 and a beta of 0.74. The business has a 50-day simple moving average of $22.05 and a 200-day simple moving average of $22.66.

Dorian LPG (NYSE:LPG - Get Free Report) 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. Dorian LPG had a return on equity of 8.88% and a net margin of 25.52%. The company had revenue of $75.89 million for the quarter, compared to analysts' expectations of $79.04 million. During the same period last year, the firm posted $1.91 earnings per share. Dorian LPG's revenue was down 46.3% compared to the same quarter last year. As a group, analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a dividend of $0.50 per share. 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.