Jackson Hole Capital Partners LLC Acquires 45,750 Shares of Dorian LPG Ltd. (NYSE:LPG)

Jackson Hole Capital Partners LLC boosted its stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 381.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,750 shares of the shipping company's stock after acquiring an additional 45,750 shares during the quarter. Jackson Hole Capital Partners LLC owned 0.13% of Dorian LPG worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in Dorian LPG by 4.2% in the 1st quarter. IFP Advisors Inc now owns 11,914 shares of the shipping company's stock worth $266,000 after buying an additional 477 shares during the period. CWM LLC increased its stake in shares of Dorian LPG by 74.5% during the first 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 in the last quarter. Arizona State Retirement System raised its stake in Dorian LPG by 4.8% during the first quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company's stock valued at $261,000 after buying an additional 532 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Dorian LPG by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 213,052 shares of the shipping company's stock worth $4,760,000 after purchasing an additional 5,025 shares during the last quarter. Finally, Rossby Financial LCC purchased a new position in Dorian LPG in the first quarter worth about $297,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on LPG. Wall Street Zen raised Dorian LPG from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Jefferies Financial Group upped their price objective on Dorian LPG from $33.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday, July 11th.

Dorian LPG Price Performance

Shares of LPG traded up $0.61 during trading hours on Monday, reaching $29.59. 230,542 shares of the stock traded hands, compared to its average volume of 742,892. The company has a market cap of $1.26 billion, a P/E ratio of 13.69 and a beta of 0.77. The company has a current ratio of 3.54, a quick ratio of 3.52 and a debt-to-equity ratio of 0.48. The company's 50-day moving average price is $24.96 and its two-hundred day moving average price is $23.18. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $42.38.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The shipping company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. Dorian LPG had a return on equity of 8.88% and a net margin of 25.52%. The firm had revenue of $75.89 million during the quarter, compared to analyst estimates of $79.04 million. During the same quarter last year, the business posted $1.91 earnings per share. The business's quarterly revenue was down 46.3% compared to the same quarter last year. On average, analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, May 16th. This represents a yield of 13.5%. Dorian LPG's payout ratio is presently 46.30%.

Dorian LPG 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.