Graham Capital Management L.P. Purchases New Position in Dorian LPG Ltd. $LPG

Key Points

• Graham Capital Management L.P. has invested approximately $1.66 million in Dorian LPG Ltd., acquiring 74,306 shares, which represents about 0.17% of the company's stock.
• Dorian LPG reported Earnings Per Share (EPS) of $0.27 for the last quarter, significantly missing the consensus estimate of $0.61 and showing a 26.3% decline in revenue year-over-year.
• The company has declared a quarterly dividend of $0.60 per share, reflecting a 7.9% yield, with the ex-dividend date on August 12th.

Graham Capital Management L.P. acquired a new position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 74,306 shares of the shipping company's stock, valued at approximately $1,660,000. Graham Capital Management L.P. owned 0.17% of Dorian LPG as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in shares of Dorian LPG in the 4th quarter valued at $37,000. Brooklyn Investment Group boosted its position in shares of Dorian LPG by 2,087.8% in the 1st 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 in the last quarter. Picton Mahoney Asset Management boosted its position in shares of Dorian LPG by 6,275.0% in the 1st 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 in the last quarter. CWM LLC boosted its position in shares of Dorian LPG by 74.5% in 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 in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Dorian LPG by 50.4% in the 1st 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. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Stock Performance

Shares of LPG stock traded up $0.33 on Friday, hitting $31.07. The company had a trading volume of 951,931 shares, compared to its average volume of 508,985. The firm has a market cap of $1.33 billion, a P/E ratio of 27.02 and a beta of 0.82. The company has a 50-day moving average price of $29.32 and a 200-day moving average price of $24.49. The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.47. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $37.16.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $84.21 million during the quarter, compared to analyst estimates of $86.53 million. Dorian LPG had a net margin of 15.15% and a return on equity of 5.24%. The business's quarterly revenue was down 26.3% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS. As a group, equities research analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The firm 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. This represents a $2.40 annualized dividend and a dividend yield of 7.7%. The ex-dividend date was Tuesday, August 12th.

Wall Street Analyst Weigh In

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

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.