Exchange Traded Concepts LLC Buys 6,083 Shares of Dorian LPG Ltd. (NYSE:LPG)

Exchange Traded Concepts LLC raised its position in Dorian LPG Ltd. (NYSE:LPG) by 10.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 62,528 shares of the shipping company’s stock after buying an additional 6,083 shares during the period. Exchange Traded Concepts LLC owned about 0.15% of Dorian LPG worth $1,524,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. bought a new position in Dorian LPG in the second quarter valued at about $289,000. Point72 Asia Singapore Pte. Ltd. boosted 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 valued at $52,000 after purchasing an additional 697 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of 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 worth $735,000 after buying an additional 389 shares during the period. Mackenzie Financial Corp acquired a new position in Dorian LPG in the second quarter valued at approximately $651,000. Finally, Quarry LP boosted its stake in Dorian LPG by 57.8% in the second quarter. Quarry LP now owns 942 shares of the shipping company’s stock valued at $40,000 after acquiring an additional 345 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

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

Dorian LPG Price Performance

Dorian LPG stock opened at $24.31 on Tuesday. The firm has a market capitalization of $1.04 billion, a P/E ratio of 4.12 and a beta of 0.93. The business has a 50-day moving average of $24.51 and a 200-day moving average of $31.38. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48. Dorian LPG Ltd. has a 1 year low of $22.46 and a 1 year high of $51.66.

Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, October 31st. The shipping company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.17). The firm had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The firm’s revenue for the quarter was down 43.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. On average, equities analysts anticipate that Dorian LPG Ltd. will post 2.84 EPS for the current year.

Dorian LPG Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, February 5th.

Dorian LPG 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.