Dorian LPG Ltd. (NYSE:LPG) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lessened its holdings in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 50.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,629 shares of the shipping company's stock after selling 24,871 shares during the period. Squarepoint Ops LLC owned 0.06% of Dorian LPG worth $600,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Beacon Capital Management LLC grew its stake in Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock valued at $27,000 after acquiring an additional 428 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Dorian LPG during the 4th quarter valued at about $37,000. Quarry LP grew its stake in Dorian LPG by 155.3% during the 4th quarter. Quarry LP now owns 2,035 shares of the shipping company's stock valued at $50,000 after acquiring an additional 1,238 shares in the last quarter. KBC Group NV grew its stake in Dorian LPG by 84.6% during the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock valued at $51,000 after acquiring an additional 951 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Dorian LPG during the 4th quarter valued at about $118,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Dorian LPG from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st.

Insider Buying and Selling

In related news, CEO John C. Hadjipateras acquired 12,500 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was purchased at an average price of $17.75 per share, with a total value of $221,875.00. Following the transaction, the chief executive officer now owns 1,824,386 shares of the company's stock, valued at approximately $32,382,851.50. This trade represents a 0.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 13.40% of the stock is currently owned by corporate insiders.

Dorian LPG Trading Up 0.8%

Shares of Dorian LPG stock traded up $0.19 during mid-day trading on Friday, hitting $22.49. The stock had a trading volume of 464,300 shares, compared to its average volume of 705,957. The firm has a 50-day moving average of $21.22 and a two-hundred day moving average of $22.70. Dorian LPG Ltd. has a 12-month low of $16.66 and a 12-month high of $45.30. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The firm has a market cap of $961.36 million, a P/E ratio of 5.72 and a beta of 0.74.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The shipping company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.08. The business had revenue of $75.89 million during the quarter, compared to analysts' expectations of $79.04 million. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. The business's revenue for the quarter was down 46.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 EPS. Sell-side analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

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