Two Sigma Advisers LP Sells 222,600 Shares of Dorian LPG Ltd. (NYSE:LPG)

Two Sigma Advisers LP lessened its stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 41.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 316,533 shares of the shipping company's stock after selling 222,600 shares during the period. Two Sigma Advisers LP owned about 0.74% of Dorian LPG worth $7,714,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Beacon Capital Management LLC raised its stake in Dorian LPG by 61.1% in 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 during the period. Franklin Resources Inc. increased its stake in shares of Dorian LPG by 2.5% in the 4th quarter. Franklin Resources Inc. now owns 22,593 shares of the shipping company's stock valued at $551,000 after purchasing an additional 545 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Dorian LPG by 3.8% in the 4th quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company's stock valued at $385,000 after purchasing an additional 572 shares during the last quarter. Russell Investments Group Ltd. grew its position in Dorian LPG by 3.1% in the fourth quarter. Russell Investments Group Ltd. now owns 21,911 shares of the shipping company's stock valued at $534,000 after acquiring an additional 657 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dorian LPG by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,689 shares of the shipping company's stock worth $504,000 after acquiring an additional 797 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LPG. Pareto Securities raised shares of Dorian LPG to a "buy" rating in a report on Tuesday, February 4th. Jefferies Financial Group reiterated a "buy" rating and issued a $35.00 price target on shares of Dorian LPG in a research report on Friday, January 31st. Finally, Wall Street Zen cut Dorian LPG from a "hold" rating to a "sell" rating in a report on Saturday, May 24th.

Insider Buying and Selling

In other news, CEO John C. Hadjipateras purchased 12,500 shares of the firm's stock in a transaction dated Tuesday, April 8th. The shares were purchased at an average price of $17.75 per share, with a total value of $221,875.00. Following the completion of the acquisition, the chief executive officer now owns 1,824,386 shares in the company, valued at $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 through this hyperlink. 13.40% of the stock is currently owned by insiders.

Dorian LPG Trading Down 0.3%

Shares of NYSE:LPG traded down $0.07 during trading on Thursday, reaching $21.52. The stock had a trading volume of 177,162 shares, compared to its average volume of 718,463. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. The stock has a market cap of $920.93 million, a price-to-earnings ratio of 5.47 and a beta of 0.71. The firm's fifty day moving average is $21.35 and its 200 day moving average is $22.93. Dorian LPG Ltd. has a 52 week low of $16.66 and a 52 week high of $51.66.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its earnings results on Thursday, May 22nd. The shipping company reported $0.25 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $79.04 million. During the same quarter in the prior year, the company earned $1.91 EPS. The firm's revenue for the quarter was down 46.3% compared to the same quarter last year. As a group, equities analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be given a $0.50 dividend. This represents a yield of 13.5%. The ex-dividend date of this dividend is Friday, May 16th. Dorian LPG's dividend payout ratio is 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.