Cynosure Group LLC Acquires New Holdings in Dorian LPG Ltd. $LPG

Cynosure Group LLC bought a new position in shares of Dorian LPG Ltd. (NYSE:LPG) during the second quarter, Holdings Channel reports. The fund bought 35,000 shares of the shipping company’s stock, valued at approximately $853,000.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc grew its position 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 in the last quarter. Moors & Cabot Inc. grew its position in Dorian LPG by 3.1% during the first quarter. Moors & Cabot Inc. now owns 16,308 shares of the shipping company’s stock worth $364,000 after buying an additional 495 shares in the last quarter. Inspire Investing LLC grew its position in Dorian LPG by 3.1% during the first quarter. Inspire Investing LLC now owns 18,206 shares of the shipping company’s stock worth $407,000 after buying an additional 547 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in Dorian LPG by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 19,603 shares of the shipping company’s stock worth $478,000 after acquiring an additional 674 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Dorian LPG by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company’s stock valued at $483,000 after acquiring an additional 914 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Dorian LPG in a report on Wednesday. Zacks Research lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. Wall Street Zen lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Finally, Pareto Securities cut shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Dorian LPG currently has a consensus rating of “Hold” and an average price target of $35.00.

Insider Activity

In other news, COO Alexander C. Hadjipateras sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $32.38, for a total transaction of $161,900.00. Following the transaction, the chief operating officer directly owned 89,440 shares of the company’s stock, valued at approximately $2,896,067.20. This trade represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.60% of the company’s stock.

Dorian LPG Stock Performance

NYSE:LPG opened at $24.89 on Friday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 11.16 and a beta of 0.76. The business has a 50 day moving average of $28.37 and a 200 day moving average of $27.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.32 and a quick ratio of 3.30. Dorian LPG Ltd. has a 1-year low of $16.66 and a 1-year high of $32.79.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, November 6th. The shipping company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.09). The business had revenue of $124.06 million for the quarter, compared to analysts’ expectations of $126.99 million. Dorian LPG had a return on equity of 9.13% and a net margin of 26.02%.The company’s revenue was up 50.6% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. On average, sell-side analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th will be given a dividend of $0.65 per share. The ex-dividend date is Monday, November 17th. This is a positive change from Dorian LPG’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 10.4%.

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.