SG Americas Securities LLC Invests $392,000 in Dorian LPG Ltd. (NYSE:LPG)

SG Americas Securities LLC purchased a new position in Dorian LPG Ltd. (NYSE:LPG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,379 shares of the shipping company’s stock, valued at approximately $392,000.

A number of other hedge funds have also modified their holdings of LPG. 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 last quarter. Marshall Wace LLP increased its position in Dorian LPG by 435.3% during the second quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company’s stock worth $19,181,000 after buying an additional 371,724 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Dorian LPG by 16.7% during the first quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock valued at $82,067,000 after acquiring an additional 305,818 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Dorian LPG by 844.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company’s stock valued at $8,653,000 after acquiring an additional 201,134 shares during the period. Finally, PEAK6 Investments LLC bought a new stake in Dorian LPG during the first quarter valued at about $6,851,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Dorian LPG Stock Performance

NYSE LPG opened at $32.98 on Friday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 4.34 and a beta of 0.98. The company has a 50 day moving average of $35.84 and a 200-day moving average of $39.99. The company has a current ratio of 4.60, a quick ratio of 4.58 and a debt-to-equity ratio of 0.48. Dorian LPG Ltd. has a 1-year low of $29.26 and a 1-year high of $51.66.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Thursday, August 1st. The shipping company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.23. The company had revenue of $114.30 million during the quarter, compared to analyst estimates of $113.70 million. Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $1.21 earnings per share. On average, equities analysts forecast that Dorian LPG Ltd. will post 4.13 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently disclosed a None dividend, which was paid on Wednesday, August 21st. Stockholders of record on Thursday, August 8th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, August 8th. Dorian LPG’s payout ratio is 13.16%.

Analyst Ratings Changes

Separately, DNB Markets upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, July 3rd.

Insider Transactions at Dorian LPG

In related news, COO Alexander C. Hadjipateras sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $36.12, for a total value of $90,300.00. Following the completion of the sale, the chief operating officer now owns 82,823 shares of the company’s stock, valued at $2,991,566.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 15.90% of the company’s stock.

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.