GSA Capital Partners LLP Makes New Investment 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 purchased a new stake in Dorian LPG Ltd. (NYSE:LPG - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Dorian LPG by 3.8% in 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 purchasing an additional 36,967 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in Dorian LPG by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 449,109 shares of the shipping company's stock valued at $10,945,000 after purchasing an additional 11,550 shares in the last quarter. Northern Trust Corp boosted its holdings in Dorian LPG by 20.1% in the fourth quarter. Northern Trust Corp now owns 418,569 shares of the shipping company's stock valued at $10,201,000 after purchasing an additional 70,046 shares in the last quarter. Focus Partners Wealth boosted its holdings in 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 purchasing an additional 20,830 shares in the last quarter. Finally, Sparta 24 Ltd. acquired a new position in Dorian LPG in the first quarter valued at approximately $5,036,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Dorian LPG Stock Performance

NYSE LPG traded down $1.71 on Friday, reaching $27.08. The stock had a trading volume of 1,512,970 shares, compared to its average volume of 534,461. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.52 and a current ratio of 3.54. Dorian LPG Ltd. has a 12-month low of $16.66 and a 12-month high of $39.35. The business's 50-day moving average price is $25.63 and its 200 day moving average price is $23.31. The stock has a market cap of $1.15 billion, a P/E ratio of 12.54 and a beta of 0.77.

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 for the quarter, missing analysts' consensus estimates of $0.61 by ($0.34). Dorian LPG had a net margin of 25.52% and a return on equity of 8.88%. The firm had revenue of $84.21 million during the quarter, compared to analysts' expectations of $86.53 million. During the same quarter in the prior year, the firm posted $1.26 EPS. Dorian LPG's quarterly revenue was down 26.3% compared to the same quarter last year. As a group, equities analysts expect 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 will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 8.9%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LPG. Jefferies Financial Group upped their price target on Dorian LPG from $33.00 to $35.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wall Street Zen upgraded Dorian LPG from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st.

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.