PEAK6 Investments LLC Takes Position in Dorian LPG Ltd. (NYSE:LPG)

PEAK6 Investments LLC purchased a new stake in shares of Dorian LPG Ltd. (NYSE:LPG) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 178,122 shares of the shipping company’s stock, valued at approximately $6,851,000. PEAK6 Investments LLC owned about 0.44% of Dorian LPG at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Capital Group California Inc. bought a new position in Dorian LPG during the 4th quarter valued at approximately $1,065,000. First Eagle Investment Management LLC raised its position in Dorian LPG by 23.2% during the 1st quarter. First Eagle Investment Management LLC now owns 266,875 shares of the shipping company’s stock valued at $10,264,000 after purchasing an additional 50,200 shares during the last quarter. Harvest Investment Services LLC purchased a new position in shares of Dorian LPG during the 4th quarter worth approximately $1,424,000. Vanguard Group Inc. grew its holdings in shares of Dorian LPG by 13.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock worth $42,501,000 after acquiring an additional 180,246 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Dorian LPG during the 1st quarter worth approximately $815,000. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Performance

Dorian LPG stock opened at $41.43 on Monday. The company has a quick ratio of 3.60, a current ratio of 3.62 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $1.68 billion, a P/E ratio of 5.45 and a beta of 0.97. The stock’s 50 day moving average is $43.39 and its 200 day moving average is $40.60. Dorian LPG Ltd. has a twelve month low of $24.17 and a twelve month high of $51.66.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Wednesday, May 22nd. The shipping company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.10. The company had revenue of $141.40 million for the quarter, compared to the consensus estimate of $144.25 million. Dorian LPG had a return on equity of 32.22% and a net margin of 54.83%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.94 EPS. On average, equities research analysts predict that Dorian LPG Ltd. will post 4.72 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The business also recently declared a None dividend, which will be paid on Wednesday, August 21st. Investors of record on Thursday, August 8th will be paid a $1.00 dividend. The ex-dividend date is Thursday, August 8th. Dorian LPG’s payout ratio is currently 26.32%.

Analyst Ratings Changes

A number of research firms have weighed in on LPG. Jefferies Financial Group upped their target price on Dorian LPG from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. DNB Markets upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Wednesday, July 3rd. Finally, StockNews.com downgraded Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

Dorian LPG Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.