Trexquant Investment LP Buys Shares of 72,706 Dorian LPG Ltd. $LPG

Key Points

• Trexquant Investment LP recently acquired 72,706 shares of Dorian LPG Ltd., valued at approximately $1.6 million, representing a 0.17% stake in the company.
• Dorian LPG's stock has a current target price of $35.00, with a consensus rating of "Buy" from analysts after an upgrade from "sell" to "hold".
• The company declared a quarterly dividend of $0.60 per share, cumulating to an annual yield of 7.7%, which was paid out on August 27th.

Trexquant Investment LP acquired a new position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 72,706 shares of the shipping company's stock, valued at approximately $1,624,000. Trexquant Investment LP owned 0.17% of Dorian LPG as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LPG. Heck Capital Advisors LLC acquired a new stake in shares of Dorian LPG during the fourth quarter worth $37,000. Brooklyn Investment Group increased its position in shares of Dorian LPG by 2,087.8% during the first quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company's stock worth $44,000 after buying an additional 1,879 shares during the period. Picton Mahoney Asset Management increased its position in shares of Dorian LPG by 6,275.0% during the first quarter. Picton Mahoney Asset Management now owns 2,040 shares of the shipping company's stock worth $46,000 after buying an additional 2,008 shares during the period. CWM LLC grew its holdings 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 purchasing an additional 1,106 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Dorian LPG by 50.4% in the first quarter. GAMMA Investing LLC now owns 3,299 shares of the shipping company's stock worth $74,000 after purchasing an additional 1,105 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LPG shares. Jefferies Financial Group raised their price target on shares of Dorian LPG from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wall Street Zen upgraded shares of Dorian LPG from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Finally, Zacks Research cut shares of Dorian LPG from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Dorian LPG currently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

Dorian LPG Stock Performance

Shares of LPG traded down $0.08 during trading hours on Thursday, hitting $31.51. The company's stock had a trading volume of 703,364 shares, compared to its average volume of 511,646. The business has a 50 day simple moving average of $29.82 and a two-hundred day simple moving average of $24.72. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 27.40 and a beta of 0.82. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $37.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.32 and a quick ratio of 3.30.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The shipping company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.34). The firm had revenue of $84.21 million for the quarter, compared to analysts' expectations of $86.53 million. Dorian LPG had a net margin of 15.15% and a return on equity of 5.24%. Dorian LPG's revenue was down 26.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 EPS. On average, equities analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.40 annualized dividend and a yield of 7.6%.

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.