Y Intercept Hong Kong Ltd Takes $621,000 Position in Dorian LPG Ltd. $LPG

Y Intercept Hong Kong Ltd purchased a new position in shares of Dorian LPG Ltd. (NYSE:LPG) during the third quarter, HoldingsChannel reports. The firm purchased 20,839 shares of the shipping company’s stock, valued at approximately $621,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its holdings in Dorian LPG by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock valued at $324,000 after purchasing an additional 390 shares during the last quarter. Moors & Cabot Inc. raised its position in shares of Dorian LPG by 3.4% in the second quarter. Moors & Cabot Inc. now owns 16,858 shares of the shipping company’s stock valued at $411,000 after purchasing an additional 550 shares during the period. GAMMA Investing LLC lifted its stake in shares of Dorian LPG by 12.0% during the 3rd quarter. GAMMA Investing LLC now owns 6,828 shares of the shipping company’s stock worth $203,000 after buying an additional 730 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Dorian LPG by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company’s stock worth $483,000 after buying an additional 914 shares during the period. Finally, Evermay Wealth Management LLC acquired a new position in Dorian LPG in the 2nd quarter valued at about $32,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LPG. Dnb Carnegie upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorian LPG in a report on Monday, December 29th. Wall Street Zen raised Dorian LPG from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. 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 investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dorian LPG has an average rating of “Moderate Buy” and an average target price of $35.00.

Insider Buying and Selling at Dorian LPG

In other Dorian LPG news, CEO John C. Hadjipateras acquired 15,000 shares of Dorian LPG stock in a transaction that occurred on Wednesday, January 7th. The shares were acquired at an average cost of $27.30 per share, with a total value of $409,500.00. Following the completion of the purchase, the chief executive officer directly owned 153,500 shares of the company’s stock, valued at $4,190,550. This represents a 10.83% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tim Truels Hansen sold 25,000 shares of the business’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $28.85, for a total value of $721,250.00. Following the transaction, the insider directly owned 212,842 shares of the company’s stock, valued at approximately $6,140,491.70. The trade was a 10.51% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 13.60% of the company’s stock.

Dorian LPG Trading Up 1.6%

LPG opened at $30.32 on Wednesday. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 13.60 and a beta of 0.58. The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.44. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $32.79. The company has a 50-day simple moving average of $26.19 and a 200 day simple moving average of $28.15.

Dorian LPG (NYSE:LPG) last issued its earnings results on Wednesday, November 5th. The shipping company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.09). The firm had revenue of $124.06 million during the quarter, compared to analyst estimates of $126.99 million. Dorian LPG had a net margin of 26.02% and a return on equity of 9.13%. Dorian LPG’s quarterly revenue was up 50.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, February 9th will be paid a $0.70 dividend. The ex-dividend date is Monday, February 9th. This represents a dividend yield of 950.0%.

About Dorian LPG

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.