17,896 Shares in Dorian LPG Ltd. $LPG Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has acquired 17,896 shares of Dorian LPG Ltd., valued at approximately $400,000, in the first quarter of the year.
• Several institutional investors, including American Century Companies Inc. and Charles Schwab Investment Management Inc., have increased their stakes in Dorian LPG, reflecting growing interest from large investors.
• Dorian LPG recently declared a quarterly dividend of $0.60 per share, which represents an annualized yield of 7.5%.

Quantbot Technologies LP acquired a new position in Dorian LPG Ltd. (NYSE:LPG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,896 shares of the shipping company's stock, valued at approximately $400,000.

Other large investors have also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in Dorian LPG in the fourth quarter worth $37,000. Brooklyn Investment Group raised its position in Dorian LPG by 2,087.8% in the first quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company's stock worth $44,000 after acquiring an additional 1,879 shares in the last quarter. Quarry LP raised its position in Dorian LPG by 155.3% in the fourth quarter. Quarry LP now owns 2,035 shares of the shipping company's stock worth $50,000 after acquiring an additional 1,238 shares in the last quarter. Picton Mahoney Asset Management raised its position in Dorian LPG by 6,275.0% in the first quarter. Picton Mahoney Asset Management now owns 2,040 shares of the shipping company's stock worth $46,000 after acquiring an additional 2,008 shares in the last quarter. Finally, CWM LLC raised its position in Dorian LPG by 74.5% in the first quarter. CWM LLC now owns 2,591 shares of the shipping company's stock worth $58,000 after acquiring an additional 1,106 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Dorian LPG Trading Down 0.0%

Shares of NYSE LPG traded down $0.02 during trading on Monday, hitting $31.99. 417,818 shares of the company traded hands, compared to its average volume of 561,261. Dorian LPG Ltd. has a 1 year low of $16.66 and a 1 year high of $39.14. The company has a 50-day moving average price of $28.86 and a 200-day moving average price of $24.28. The firm has a market capitalization of $1.36 billion, a P/E ratio of 27.81 and a beta of 0.82. 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 (NYSE:LPG - Get Free Report) last issued its earnings results on Friday, August 1st. The shipping company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.34). Dorian LPG had a net margin of 15.15% and a return on equity of 5.24%. The business had revenue of $84.21 million during the quarter, compared to analysts' expectations of $86.53 million. During the same period in the prior year, the business posted $1.26 EPS. The business's revenue was down 26.3% on a year-over-year basis. On average, equities analysts predict 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 paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Tuesday, August 12th.

Wall Street Analyst Weigh In

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