Two Sigma Advisers LP Reduces Holdings in Dorian LPG Ltd. (NYSE:LPG)

Two Sigma Advisers LP reduced its position in Dorian LPG Ltd. (NYSE:LPG) by 15.6% in the 3rd quarter, Holdings Channel reports. The firm owned 539,133 shares of the shipping company’s stock after selling 99,400 shares during the period. Two Sigma Advisers LP’s holdings in Dorian LPG were worth $18,557,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its position in Dorian LPG by 22.4% during the second quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company’s stock worth $128,547,000 after buying an additional 560,325 shares during the period. Marshall Wace LLP increased its holdings in shares of Dorian LPG by 435.3% in the 2nd quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company’s stock valued at $19,181,000 after acquiring an additional 371,724 shares during the period. American Century Companies Inc. raised its position in Dorian LPG by 14.2% in the 2nd quarter. American Century Companies Inc. now owns 1,063,865 shares of the shipping company’s stock valued at $44,640,000 after purchasing an additional 132,542 shares during the last quarter. Empowered Funds LLC boosted its stake in Dorian LPG by 52.2% during the 3rd quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company’s stock worth $9,997,000 after purchasing an additional 99,650 shares during the period. Finally, Victory Capital Management Inc. grew its position in Dorian LPG by 87.3% during the 3rd quarter. Victory Capital Management Inc. now owns 163,754 shares of the shipping company’s stock worth $5,636,000 after purchasing an additional 76,334 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a $42.00 price objective on shares of Dorian LPG in a research report on Thursday, October 31st.

Dorian LPG Stock Down 3.0 %

Shares of Dorian LPG stock opened at $22.69 on Monday. Dorian LPG Ltd. has a one year low of $22.46 and a one year high of $51.66. The company has a market cap of $971.22 million, a P/E ratio of 3.85 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22. The firm has a fifty day moving average of $29.39 and a two-hundred day moving average of $36.30.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.17). Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The firm had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $82.40 million. During the same period in the prior year, the company earned $1.85 earnings per share. The company’s revenue for the quarter was down 43.1% on a year-over-year basis. On average, analysts forecast that Dorian LPG Ltd. will post 3.45 earnings per share for the current year.

Dorian LPG Announces Dividend

The business also recently declared a dividend, which was paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, November 5th. Dorian LPG’s payout ratio is 16.95%.

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.