Procyon Advisors LLC Buys 719 Shares of Dorian LPG Ltd. (NYSE:LPG)

Procyon Advisors LLC raised its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,894 shares of the shipping company’s stock after acquiring an additional 719 shares during the quarter. Procyon Advisors LLC’s holdings in Dorian LPG were worth $387,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Quarry LP boosted its stake in Dorian LPG by 57.8% during the second quarter. Quarry LP now owns 942 shares of the shipping company’s stock worth $40,000 after acquiring an additional 345 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Dorian LPG by 126.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock worth $52,000 after buying an additional 697 shares during the last quarter. GAMMA Investing LLC increased its position in Dorian LPG by 146.2% during the 4th quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock valued at $53,000 after buying an additional 1,303 shares in the last quarter. CWM LLC raised its stake in Dorian LPG by 285.4% during the third quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock valued at $71,000 after buying an additional 1,524 shares during the last quarter. Finally, Sei Investments Co. bought a new stake in Dorian LPG in the second quarter worth $289,000. 62.50% of the stock is owned by institutional investors.

Dorian LPG Trading Down 0.9 %

Shares of LPG stock opened at $25.17 on Monday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 4.27 and a beta of 0.93. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average is $24.78 and its 200 day moving average is $32.03. Dorian LPG Ltd. has a 12-month low of $22.46 and a 12-month high of $51.66.

Dorian LPG (NYSE:LPG) last issued 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 return on equity of 23.75% and a net margin of 47.87%. The business had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $82.40 million. During the same quarter in the prior year, the business earned $1.85 EPS. The company’s revenue was down 43.1% compared to the same quarter last year. Research analysts expect that Dorian LPG Ltd. will post 2.84 earnings per share for the current year.

Dorian LPG Announces Dividend

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

Analysts Set New Price Targets

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

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.