Dorian LPG Ltd. (NYSE:LPG) Position Trimmed by AQR Capital Management LLC

AQR Capital Management LLC reduced its holdings in Dorian LPG Ltd. (NYSE:LPG) by 35.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 61,794 shares of the shipping company’s stock after selling 33,462 shares during the period. AQR Capital Management LLC’s holdings in Dorian LPG were worth $2,593,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Dorian LPG by 126.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock worth $52,000 after acquiring an additional 697 shares during the last quarter. Marshall Wace LLP raised its position in shares of Dorian LPG by 435.3% during the 2nd quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company’s stock worth $19,181,000 after purchasing an additional 371,724 shares during the period. Public Sector Pension Investment Board raised its position in shares of Dorian LPG by 7.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 75,012 shares of the shipping company’s stock worth $3,148,000 after purchasing an additional 5,116 shares during the period. Sei Investments Co. bought a new stake in shares of Dorian LPG in the 2nd quarter worth approximately $289,000. Finally, Pacer Advisors Inc. boosted its position in Dorian LPG by 22.4% during the 2nd quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company’s stock valued at $128,547,000 after purchasing an additional 560,325 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Dorian LPG Stock Performance

LPG opened at $35.47 on Wednesday. Dorian LPG Ltd. has a twelve month low of $28.82 and a twelve month high of $51.66. The stock has a market cap of $1.44 billion, a PE ratio of 4.67 and a beta of 0.98. The business’s 50 day moving average is $36.49 and its 200-day moving average is $40.22. 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 (NYSE:LPG) last announced its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 30.64% and a net margin of 54.48%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 EPS. On average, analysts predict that Dorian LPG Ltd. will post 4.94 earnings per share for the current year.

Dorian LPG Announces Dividend

The business also recently announced a None dividend, which was paid on Wednesday, August 21st. Investors of record on Thursday, August 8th were given a $1.00 dividend. The ex-dividend date of this dividend was Thursday, August 8th. Dorian LPG’s dividend payout ratio is presently 13.16%.

Analyst Upgrades and Downgrades

Separately, DNB Markets raised Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Wednesday, July 3rd.

Insider Buying and Selling at Dorian LPG

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of the 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 transaction, the chief operating officer now directly owns 82,823 shares in the company, valued at $2,991,566.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 15.90% of the stock is owned by corporate insiders.

Dorian LPG Company 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.