Voloridge Investment Management LLC Makes New Investment in Dorian LPG Ltd. (NYSE:LPG)

Voloridge Investment Management LLC bought a new stake in Dorian LPG Ltd. (NYSE:LPG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 191,605 shares of the shipping company's stock, valued at approximately $4,669,000. Voloridge Investment Management LLC owned 0.45% of Dorian LPG as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LPG. Barclays PLC lifted its holdings in Dorian LPG by 392.6% during the 3rd quarter. Barclays PLC now owns 62,935 shares of the shipping company's stock worth $2,167,000 after buying an additional 50,160 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Dorian LPG by 10.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 62,528 shares of the shipping company's stock valued at $1,524,000 after purchasing an additional 6,083 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in Dorian LPG by 43.0% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 33,791 shares of the shipping company's stock valued at $823,000 after acquiring an additional 10,163 shares during the period. KBC Group NV increased its position in Dorian LPG by 84.6% in the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock valued at $51,000 after acquiring an additional 951 shares during the period. Finally, Pacer Advisors Inc. increased its position in Dorian LPG by 20.8% in the 4th quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company's stock valued at $100,583,000 after acquiring an additional 711,313 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

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

Insider Activity

In other Dorian LPG news, CEO John C. Hadjipateras bought 12,500 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average price of $17.75 per share, with a total value of $221,875.00. Following the completion of the purchase, the chief executive officer now directly owns 1,824,386 shares in the company, valued at $32,382,851.50. The trade was a 0.69% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.40% of the stock is owned by company insiders.

Dorian LPG Price Performance

Shares of NYSE LPG traded down $0.28 during mid-day trading on Friday, reaching $21.43. 921,884 shares of the company traded hands, compared to its average volume of 719,535. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. The firm has a market cap of $917.29 million, a PE ratio of 5.45 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 $51.13. The stock has a fifty day simple moving average of $21.28 and a 200-day simple moving average of $22.83.

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 (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.08. The business had revenue of $75.89 million during the quarter, compared to analyst estimates of $79.04 million. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. Dorian LPG's quarterly revenue was down 46.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.91 EPS. Equities research analysts anticipate 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 was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given 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%.

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.