Squarepoint Ops LLC Purchases New Shares in Dorian LPG Ltd. $LPG

Squarepoint Ops LLC purchased a new stake in shares of Dorian LPG Ltd. (NYSE:LPG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 122,995 shares of the shipping company’s stock, valued at approximately $2,999,000. Squarepoint Ops LLC owned about 0.29% of Dorian LPG at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in shares of Dorian LPG in the 2nd quarter valued at about $29,000. Evermay Wealth Management LLC bought a new position in Dorian LPG in the second quarter valued at approximately $32,000. NewEdge Advisors LLC boosted its stake in Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 1,315 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 during the period. Finally, Brooklyn Investment Group raised its position in shares of Dorian LPG by 2,087.8% during the 1st quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company’s stock valued at $44,000 after acquiring an additional 1,879 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Stock Down 0.8%

Shares of Dorian LPG stock opened at $24.80 on Wednesday. The firm has a market cap of $1.06 billion, a PE ratio of 11.12 and a beta of 0.60. The business’s 50 day simple moving average is $26.31 and its 200 day simple moving average is $27.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.30 and a current ratio of 3.32. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $32.79.

Dorian LPG (NYSE:LPG) last announced 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). Dorian LPG had a return on equity of 9.13% and a net margin of 26.02%.The business had revenue of $124.06 million for the quarter, compared to analyst estimates of $126.99 million. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 50.6% compared to the same quarter last year. On average, analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were issued a dividend of $0.65 per share. The ex-dividend date was Monday, November 17th. This is a boost from Dorian LPG’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 10.5%.

Analyst Upgrades and Downgrades

LPG has been the topic of several recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Dorian LPG in a research report on Monday. Pareto Securities cut Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Zacks Research cut Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Finally, Wall Street Zen lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. 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, the stock currently has a consensus rating of “Hold” and an average price target of $35.00.

Dorian LPG Company 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.