Cynosure Group LLC Purchases 22,560 Shares of Dorian LPG Ltd. (NYSE:LPG)

Cynosure Group LLC lifted its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 248.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,655 shares of the shipping company’s stock after purchasing an additional 22,560 shares during the quarter. Cynosure Group LLC owned 0.07% of Dorian LPG worth $1,090,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LPG. Louisiana State Employees Retirement System lifted its stake in shares of Dorian LPG by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the shipping company’s stock valued at $722,000 after acquiring an additional 300 shares during the last quarter. Gallacher Capital Management LLC raised its position in shares of Dorian LPG by 4.9% in the 2nd quarter. Gallacher Capital Management LLC now owns 7,355 shares of the shipping company’s stock worth $309,000 after acquiring an additional 343 shares in the last quarter. Quarry LP lifted its position in Dorian LPG by 57.8% during the second quarter. Quarry LP now owns 942 shares of the shipping company’s stock valued at $40,000 after buying an additional 345 shares during the period. The Manufacturers Life Insurance Company lifted its position in Dorian LPG by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,511 shares of the shipping company’s stock valued at $735,000 after acquiring an additional 389 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in shares of Dorian LPG by 1.9% during the third quarter. New York State Teachers Retirement System now owns 21,640 shares of the shipping company’s stock valued at $745,000 after purchasing an additional 394 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Down 3.2 %

LPG opened at $24.61 on Wednesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 4.17 and a beta of 1.00. The firm has a 50 day moving average price of $31.08 and a 200-day moving average price of $37.44. Dorian LPG Ltd. has a twelve month low of $24.51 and a twelve month high of $51.66. The company has a quick ratio of 4.20, a current ratio of 4.22 and a debt-to-equity ratio of 0.48.

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

Dorian LPG Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, November 25th. Shareholders of record on Tuesday, November 5th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, November 5th.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a $42.00 price target on shares of Dorian LPG in a research note on Thursday, October 31st.

About Dorian LPG

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.