Trexquant Investment LP Takes Position in 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 stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 72,706 shares of the shipping company's stock, valued at approximately $1,624,000. Trexquant Investment LP owned about 0.17% of Dorian LPG at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. IFP Advisors Inc lifted its holdings in shares of Dorian LPG by 4.2% during the 1st quarter. IFP Advisors Inc now owns 11,914 shares of the shipping company's stock valued at $266,000 after purchasing an additional 477 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Dorian LPG by 3.1% during the 1st quarter. Moors & Cabot Inc. now owns 16,308 shares of the shipping company's stock valued at $364,000 after purchasing an additional 495 shares during the last quarter. Arizona State Retirement System raised its stake in Dorian LPG by 4.8% in the 1st quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company's stock worth $261,000 after acquiring an additional 532 shares during the last quarter. Voya Investment Management LLC raised its stake in Dorian LPG by 3.8% in the 4th quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company's stock worth $385,000 after acquiring an additional 572 shares during the last quarter. Finally, SummerHaven Investment Management LLC raised its stake in Dorian LPG by 3.3% in the 1st quarter. SummerHaven Investment Management LLC now owns 18,929 shares of the shipping company's stock worth $423,000 after acquiring an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded Dorian LPG from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Jefferies Financial Group raised their target price on Dorian LPG from $33.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Dorian LPG currently has a consensus rating of "Buy" and a consensus target price of $35.00.

Dorian LPG Trading Up 1.1%

Shares of Dorian LPG stock opened at $31.07 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.32 and a quick ratio of 3.30. The firm has a fifty day moving average price of $29.32 and a 200 day moving average price of $24.48. Dorian LPG Ltd. has a 1 year low of $16.66 and a 1 year high of $37.16. The stock has a market cap of $1.33 billion, a PE ratio of 27.02 and a beta of 0.82.

Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The shipping company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.34). The company 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%. The business's quarterly revenue was down 26.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 EPS. Equities research analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.7%.

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.

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