Graham Capital Management L.P. Makes New Investment 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. purchased a new stake in Dorian LPG Ltd. (NYSE:LPG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 74,306 shares of the shipping company's stock, valued at approximately $1,660,000. Graham Capital Management L.P. owned about 0.17% of Dorian LPG at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new stake in shares of Dorian LPG in the 4th quarter valued at about $37,000. Brooklyn Investment Group lifted its stake 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 valued at $44,000 after purchasing an additional 1,879 shares during the period. Picton Mahoney Asset Management lifted its stake 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 valued at $46,000 after purchasing an additional 2,008 shares during the period. CWM LLC lifted its stake 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 valued at $58,000 after purchasing an additional 1,106 shares during the period. Finally, GAMMA Investing LLC lifted its stake 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 valued at $74,000 after purchasing an additional 1,105 shares during the period. Institutional investors own 62.50% of the company's stock.

Dorian LPG Stock Up 0.7%

LPG stock traded up $0.23 during trading on Monday, reaching $31.32. 172,652 shares of the stock were exchanged, compared to its average volume of 722,773. The firm's 50 day moving average is $29.32 and its 200 day moving average is $24.50. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $37.16. The company has a current ratio of 3.32, a quick ratio of 3.30 and a debt-to-equity ratio of 0.47. The firm has a market cap of $1.34 billion, a P/E ratio of 27.24 and a beta of 0.82.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The shipping company reported $0.27 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 analysts' expectations 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% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. As a group, research analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 7.7%.

Analyst Upgrades and Downgrades

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

About Dorian LPG

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.