Cynosure Group LLC Grows Position in Dorian LPG Ltd. (NYSE:LPG)

Cynosure Group LLC raised its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 248.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,655 shares of the shipping company’s stock after purchasing an additional 22,560 shares during the period. Cynosure Group LLC’s holdings in Dorian LPG were worth $1,090,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of LPG. Beacon Capital Management LLC purchased a new position in shares of Dorian LPG during the 1st quarter valued at about $27,000. Quarry LP lifted its holdings 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 purchasing an additional 345 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Dorian LPG by 60.3% in the second quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company’s stock worth $44,000 after purchasing an additional 395 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of 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 purchasing an additional 697 shares during the period. Finally, CWM LLC increased its stake in shares of Dorian LPG by 285.4% in the third quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock worth $71,000 after purchasing an additional 1,524 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

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

Dorian LPG Trading Down 3.2 %

LPG stock opened at $24.61 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20. Dorian LPG Ltd. has a 1-year low of $24.51 and a 1-year high of $51.66. The business has a 50 day simple moving average of $31.08 and a two-hundred day simple moving average of $37.44. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 4.17 and a beta of 1.00.

Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). The company had revenue of $82.40 million for the quarter, compared to the consensus estimate of $82.40 million. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. Dorian LPG’s revenue was down 43.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.85 EPS. Research analysts anticipate that Dorian LPG Ltd. will post 3.45 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

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

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.