WINTON GROUP Ltd Lowers Position in Dorian LPG Ltd. $LPG

WINTON GROUP Ltd trimmed its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 37.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,267 shares of the shipping company’s stock after selling 26,667 shares during the quarter. WINTON GROUP Ltd’s holdings in Dorian LPG were worth $1,319,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LPG. AQR Capital Management LLC lifted its position in Dorian LPG by 236.7% in the second quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock valued at $10,373,000 after purchasing an additional 299,107 shares during the period. Bank of America Corp DE increased its position in Dorian LPG by 136.2% during the 2nd quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company’s stock worth $8,996,000 after purchasing an additional 212,787 shares during the period. American Century Companies Inc. raised its stake in shares of Dorian LPG by 9.4% during the 2nd quarter. American Century Companies Inc. now owns 1,597,563 shares of the shipping company’s stock worth $38,949,000 after buying an additional 136,723 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Dorian LPG in the 2nd quarter valued at approximately $2,999,000. Finally, Ieq Capital LLC acquired a new stake in shares of Dorian LPG in the 2nd quarter valued at approximately $2,116,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Dorian LPG Stock Performance

Shares of LPG stock opened at $31.59 on Thursday. The stock has a fifty day moving average price of $31.19 and a 200 day moving average price of $28.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41. The stock has a market cap of $1.35 billion, a PE ratio of 11.12 and a beta of 0.53. Dorian LPG Ltd. has a 1 year low of $16.66 and a 1 year high of $38.40.

Dorian LPG (NYSE:LPG) last posted its earnings results on Thursday, February 5th. The shipping company reported $1.11 earnings per share 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 analyst estimates of $115.15 million. During the same period last year, the company posted $0.43 EPS. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis. Sell-side analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

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

Insider Activity at Dorian LPG

In related news, CFO Theodore B. Young sold 10,000 shares of the 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 represents a 7.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John C. Hadjipateras bought 15,000 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were acquired at an average price of $27.30 per share, with a total value of $409,500.00. Following the completion of the acquisition, the chief executive officer directly owned 153,500 shares in the company, valued at $4,190,550. This represents a 10.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 13.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LPG has been the topic of a number of recent analyst reports. Wall Street Zen lowered Dorian LPG from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd. Dnb Carnegie downgraded Dorian LPG from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dorian LPG in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Dorian LPG currently has a consensus rating of “Hold” 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.