Quantbot Technologies LP Makes New $844,000 Investment in Dorian LPG Ltd. $LPG

Quantbot Technologies LP bought a new stake in Dorian LPG Ltd. (NYSE:LPG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,312 shares of the shipping company’s stock, valued at approximately $844,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Dorian LPG by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,667,332 shares of the shipping company’s stock valued at $49,686,000 after buying an additional 41,701 shares during the period. American Century Companies Inc. lifted its stake in shares of Dorian LPG by 9.4% in the second quarter. American Century Companies Inc. now owns 1,597,563 shares of the shipping company’s stock valued at $38,949,000 after purchasing an additional 136,723 shares during the period. Geode Capital Management LLC lifted its stake in shares of Dorian LPG by 3.8% in the second quarter. Geode Capital Management LLC now owns 1,112,333 shares of the shipping company’s stock valued at $27,121,000 after purchasing an additional 40,859 shares during the period. AQR Capital Management LLC boosted its holdings in Dorian LPG by 236.7% during the second quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock worth $10,373,000 after buying an additional 299,107 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Dorian LPG by 136.2% during the second quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company’s stock worth $8,996,000 after buying an additional 212,787 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Dorian LPG Trading Down 4.3%

Shares of LPG stock opened at $34.03 on Friday. The firm’s 50-day simple moving average is $30.63 and its 200-day simple moving average is $28.90. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 2.40. Dorian LPG Ltd. has a 1-year low of $16.66 and a 1-year high of $38.40. The firm has a market cap of $1.45 billion, a P/E ratio of 11.98 and a beta of 0.53.

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

Dorian LPG Announces Dividend

The company also recently disclosed a special dividend, which was paid on Tuesday, February 24th. Stockholders of record on Monday, February 9th were issued a dividend of $0.70 per share. This represents a dividend yield of 881.0%. The ex-dividend date was Monday, February 9th.

Insider Buying and Selling

In other news, CEO John C. Hadjipateras bought 15,000 shares of Dorian LPG stock in a transaction that occurred on Wednesday, January 7th. The shares were purchased at an average price of $27.30 per share, for a total transaction of $409,500.00. Following the completion of the acquisition, the chief executive officer owned 153,500 shares of the company’s stock, valued at $4,190,550. The trade was a 10.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore B. Young sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total value of $348,400.00. Following the sale, the chief financial officer directly owned 122,926 shares of the company’s stock, valued at approximately $4,282,741.84. This trade represents a 7.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 13.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LPG. Pareto Securities downgraded shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Dnb Carnegie raised Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Dorian LPG in a report on Monday, December 29th. Finally, Wall Street Zen downgraded Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

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.