Two Sigma Investments LP Decreases Holdings in Dorian LPG Ltd. (NYSE:LPG)

Two Sigma Investments LP lowered its position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 72.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 128,564 shares of the shipping company's stock after selling 332,394 shares during the quarter. Two Sigma Investments LP owned about 0.30% of Dorian LPG worth $3,133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beacon Capital Management LLC raised its stake in shares of 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 buying an additional 428 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Dorian LPG during the 4th quarter valued at about $37,000. Quarry LP raised its stake in shares of 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 buying an additional 1,238 shares during the last quarter. KBC Group NV raised its stake in shares of 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 buying an additional 951 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Dorian LPG during the 4th quarter valued at about $118,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Insider Buying and Selling

In other Dorian LPG news, CEO John C. Hadjipateras acquired 12,500 shares of the stock in a transaction on Tuesday, April 8th. The shares were bought at an average price of $17.75 per share, with a total value of $221,875.00. Following the acquisition, the chief executive officer now owns 1,824,386 shares of the company's stock, valued at $32,382,851.50. This trade 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 accessible through this link. Corporate insiders own 13.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Dorian LPG from a "sell" rating to a "hold" rating in a report on Sunday. Pareto Securities raised Dorian LPG to a "buy" rating in a report on Tuesday, February 4th.

Dorian LPG Price Performance

Shares of Dorian LPG stock traded up $0.46 during mid-day trading on Tuesday, reaching $21.77. 622,708 shares of the stock traded hands, compared to its average volume of 719,271. 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 business has a 50-day moving average of $21.23 and a 200 day moving average of $22.76. The stock has a market capitalization of $931.67 million, a PE ratio of 5.54 and a beta of 0.71. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $50.30.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The shipping company reported $0.25 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $79.04 million. During the same period in the prior year, the business posted $1.91 earnings per share. The firm's revenue for the quarter was down 46.3% compared to the same quarter last year. On average, analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a dividend of $0.50 per share. This represents a dividend yield of 13.5%. The ex-dividend date was Friday, May 16th. Dorian LPG's dividend payout ratio is currently 46.30%.

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.