GSA Capital Partners LLP Takes Position in Dorian LPG Ltd. (NYSE:LPG)

Key Points

• GSA Capital Partners LLP acquired a new position in Dorian LPG, purchasing 76,999 shares valued at approximately $1.72 million, representing about 0.18% of the company.
• Analyst reports show mixed ratings for Dorian LPG, with Jefferies Financial Group upgrading the price target from $33.00 to $35.00 and shifting to a "buy" rating.
• Dorian LPG announced a recent dividend of $0.50 per share, yielding 13.5%, but has faced a 46.3% year-over-year decline in quarterly revenue.

GSA Capital Partners LLP acquired a new position 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 institutional investor acquired 76,999 shares of the shipping company's stock, valued at approximately $1,720,000. GSA Capital Partners LLP owned approximately 0.18% of Dorian LPG as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LPG. Geode Capital Management LLC raised its holdings in 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 worth $24,404,000 after acquiring an additional 36,967 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Dorian LPG by 2.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 449,109 shares of the shipping company's stock worth $10,945,000 after purchasing an additional 11,550 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Dorian LPG by 20.1% in the 4th quarter. Northern Trust Corp now owns 418,569 shares of the shipping company's stock valued at $10,201,000 after buying an additional 70,046 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Dorian LPG by 9.1% in the fourth quarter. Focus Partners Wealth now owns 248,650 shares of the shipping company's stock valued at $6,060,000 after buying an additional 20,830 shares in the last quarter. Finally, Sparta 24 Ltd. acquired a new position in Dorian LPG during the first quarter worth $5,036,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LPG has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Dorian LPG from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Jefferies Financial Group lifted their price target on Dorian LPG from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, July 11th.

Dorian LPG Stock Performance

Shares of NYSE:LPG traded down $1.71 on Friday, hitting $27.08. The company had a trading volume of 1,512,969 shares, compared to its average volume of 746,099. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 12.54 and a beta of 0.77. The stock has a 50 day moving average price of $25.53 and a 200 day moving average price of $23.31. Dorian LPG Ltd. has a 1-year low of $16.66 and a 1-year high of $39.35. The company has a current ratio of 3.54, a quick ratio of 3.52 and a debt-to-equity ratio of 0.48.

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). Dorian LPG had a return on equity of 8.88% and a net margin of 25.52%. The company had revenue of $84.21 million for the quarter, compared to analyst estimates of $86.53 million. During the same quarter last year, the business earned $1.26 earnings per share. The company's revenue was down 26.3% on a year-over-year basis. Analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Announces Dividend

The firm 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 $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 8.9%.

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.