Two Sigma Advisers LP Trims Stake in Dorian LPG Ltd. (NYSE:LPG)

Two Sigma Advisers LP cut its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 41.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 316,533 shares of the shipping company’s stock after selling 222,600 shares during the period. Two Sigma Advisers LP owned approximately 0.74% of Dorian LPG worth $7,714,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Teza Capital Management LLC boosted its position in shares of Dorian LPG by 1,025.9% during the fourth quarter. Teza Capital Management LLC now owns 102,072 shares of the shipping company’s stock valued at $2,487,000 after buying an additional 93,006 shares during the period. State of Wyoming raised its holdings in shares of Dorian LPG by 49.8% in the fourth quarter. State of Wyoming now owns 11,317 shares of the shipping company’s stock worth $276,000 after buying an additional 3,763 shares during the period. ProShare Advisors LLC lifted its stake in shares of Dorian LPG by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 10,958 shares of the shipping company’s stock worth $267,000 after acquiring an additional 3,376 shares during the last quarter. Numerai GP LLC purchased a new position in Dorian LPG during the 4th quarter valued at $245,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dorian LPG by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,689 shares of the shipping company’s stock valued at $504,000 after acquiring an additional 797 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Insider Activity at Dorian LPG

In related news, CEO John C. Hadjipateras bought 12,500 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 1,824,386 shares of the company’s stock, valued at $32,382,851.50. The trade was a 0.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 13.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LPG has been the subject of several research analyst reports. Pareto Securities upgraded Dorian LPG to a “buy” rating in a research report on Tuesday, February 4th. Wall Street Zen lowered shares of Dorian LPG from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $35.00 price objective on shares of Dorian LPG in a research report on Friday, January 31st.

Dorian LPG Price Performance

Shares of LPG stock opened at $21.62 on Friday. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $51.66. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $21.44 and a two-hundred day simple moving average of $23.05. The stock has a market capitalization of $925.21 million, a price-to-earnings ratio of 5.50 and a beta of 0.71.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Thursday, May 22nd. The shipping company reported $0.25 earnings per share 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 firm had revenue of $75.89 million during the quarter, compared to the consensus estimate of $79.04 million. During the same period in the previous year, the company posted $1.91 earnings per share. The firm’s quarterly revenue was down 46.3% on a year-over-year basis. On average, analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be issued a dividend of $0.50 per share. This represents a yield of 13.5%. The ex-dividend date is Friday, May 16th. Dorian LPG’s payout ratio is 25.45%.

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.