GSA Capital Partners LLP Boosts Holdings in Dorian LPG Ltd. $LPG

GSA Capital Partners LLP raised its holdings in Dorian LPG Ltd. (NYSE:LPG) by 37.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 122,133 shares of the shipping company’s stock after purchasing an additional 32,996 shares during the quarter. Dorian LPG accounts for approximately 0.3% of GSA Capital Partners LLP’s investment portfolio, making the stock its 23rd biggest holding. GSA Capital Partners LLP owned 0.29% of Dorian LPG worth $2,973,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LPG. NewEdge Advisors LLC boosted its holdings 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 purchasing an additional 1,315 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Dorian LPG by 429.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 1,340 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Dorian LPG during the third quarter worth $41,000. Sunbelt Securities Inc. purchased a new stake in Dorian LPG during the third quarter worth $41,000. Finally, Caitlin John LLC acquired a new stake in Dorian LPG during the third quarter valued at $52,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Dorian LPG Price Performance

Shares of NYSE LPG opened at $42.04 on Tuesday. 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 firm has a fifty day moving average of $35.70 and a 200 day moving average of $30.89. The firm has a market cap of $1.80 billion, a PE ratio of 14.80 and a beta of 0.63. Dorian LPG Ltd. has a one year low of $20.03 and a one year high of $42.30.

Dorian LPG Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 18th.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LPG shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dorian LPG in a report on Wednesday, April 22nd. Wall Street Zen cut Dorian LPG from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. Dnb Carnegie lowered Dorian LPG from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Finally, Jefferies Financial Group started coverage on Dorian LPG in a report on Friday, April 24th. They issued a “buy” rating and a $42.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Dorian LPG currently has an average rating of “Hold” and a consensus price target of $42.00.

Insider Transactions at Dorian LPG

In other Dorian LPG news, CFO Theodore B. Young sold 10,000 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total transaction of $348,400.00. Following the transaction, the chief financial officer directly owned 122,926 shares of the company’s stock, valued at $4,282,741.84. This trade represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.60% of the stock is currently owned by insiders.

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.