Teza Capital Management LLC Acquires 93,006 Shares of Dorian LPG Ltd. (NYSE:LPG)

Teza Capital Management LLC grew its holdings in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 1,025.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 102,072 shares of the shipping company's stock after purchasing an additional 93,006 shares during the quarter. Teza Capital Management LLC owned about 0.24% of Dorian LPG worth $2,487,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in LPG. Pacer Advisors Inc. lifted its position in shares of Dorian LPG by 20.8% during the 4th quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company's stock worth $100,583,000 after purchasing an additional 711,313 shares during the last quarter. American Century Companies Inc. increased its position in Dorian LPG by 11.0% in the 4th quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company's stock worth $32,950,000 after buying an additional 134,289 shares during the period. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 36,967 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Dorian LPG by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company's stock valued at $12,778,000 after acquiring an additional 52,571 shares during the period. Finally, Bridgeway Capital Management LLC grew its stake in shares of Dorian LPG by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 449,109 shares of the shipping company's stock worth $10,945,000 after acquiring an additional 11,550 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LPG. Jefferies Financial Group restated a "buy" rating and set a $35.00 price target on shares of Dorian LPG in a research note on Friday, January 31st. Pareto Securities upgraded Dorian LPG to a "buy" rating in a research report on Tuesday, February 4th.

Dorian LPG Price Performance

Shares of Dorian LPG stock traded up $0.97 during trading on Friday, hitting $21.17. 563,195 shares of the company's stock traded hands, compared to its average volume of 719,324. The company has a market cap of $906.16 million, a PE ratio of 5.37 and a beta of 0.71. The firm's fifty day moving average price is $21.45 and its 200 day moving average price is $23.09. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $51.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95.

Dorian LPG (NYSE:LPG - Get Free Report) last released 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 15.14% and a net margin of 38.51%. The company had revenue of $75.89 million for the quarter, compared to the consensus estimate of $79.04 million. During the same period in the previous year, the business earned $1.91 earnings per share. The company's quarterly revenue was down 46.3% on a year-over-year basis. 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 declared a dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $0.50 dividend. This represents a yield of 13.5%. The ex-dividend date is Friday, May 16th. Dorian LPG's dividend payout ratio is 25.45%.

Insider Buying and Selling at Dorian LPG

In other news, CEO John C. Hadjipateras acquired 12,500 shares of the firm's stock in a transaction on Tuesday, April 8th. The shares were purchased at an average cost of $17.75 per share, with a total value of $221,875.00. Following the completion of the purchase, the chief executive officer now owns 1,824,386 shares of the company's stock, valued at $32,382,851.50. This represents a 0.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.40% of the company's stock.

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.