GSA Capital Partners LLP Has $2.66 Million Stock Position in Dorian LPG Ltd. $LPG

GSA Capital Partners LLP lowered its stake in Dorian LPG Ltd. (NYSE:LPG) by 48.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 89,137 shares of the shipping company’s stock after selling 83,986 shares during the period. GSA Capital Partners LLP owned approximately 0.21% of Dorian LPG worth $2,656,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Evermay Wealth Management LLC bought a new position in Dorian LPG in the 2nd quarter valued at about $32,000. NewEdge Advisors LLC boosted its position in shares of Dorian LPG by 1,003.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after acquiring an additional 1,315 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Dorian LPG by 429.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after acquiring an additional 1,340 shares in the last quarter. Citizens National Bank Trust Department bought a new position in Dorian LPG in the third quarter valued at approximately $45,000. Finally, CoreCap Advisors LLC acquired a new position in Dorian LPG during the third quarter valued at approximately $82,000. Institutional investors own 62.50% of the company’s stock.

Insider Activity at Dorian LPG

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

Dorian LPG Trading Up 3.8%

NYSE LPG opened at $33.40 on Tuesday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 11.76 and a beta of 0.58. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $33.49. The company has a quick ratio of 2.40, a current ratio of 2.41 and a debt-to-equity ratio of 0.38. The business’s fifty day moving average is $27.48 and its 200 day moving average is $28.32.

Dorian LPG (NYSE:LPG) last posted its earnings results on Thursday, February 5th. The shipping company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.06). Dorian LPG had a net margin of 29.88% and a return on equity of 11.82%. The firm had revenue of $118.23 million during the quarter, compared to the consensus estimate of $115.15 million. During the same quarter in the prior year, the business posted $0.43 earnings per share. Dorian LPG’s revenue for the quarter was up 48.7% compared to the same quarter last year. As a group, sell-side analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Monday, February 9th will be issued a dividend of $0.70 per share. This represents a yield of 881.0%. The ex-dividend date of this dividend is Monday, February 9th.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LPG shares. Pareto Securities downgraded Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Dnb Carnegie raised Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Dorian LPG Company Profile

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.