AQR Capital Management LLC Acquires 54,532 Shares of Dorian LPG Ltd. (NYSE:LPG)

AQR Capital Management LLC grew its stake in Dorian LPG Ltd. (NYSE:LPG) by 49.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,916 shares of the shipping company’s stock after acquiring an additional 54,532 shares during the period. AQR Capital Management LLC owned 0.39% of Dorian LPG worth $4,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. increased its position in shares of Dorian LPG by 20.8% during the 4th quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock worth $100,583,000 after purchasing an additional 711,313 shares during the last quarter. American Century Companies Inc. increased its holdings in Dorian LPG by 11.0% during the fourth quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company’s stock worth $32,950,000 after buying an additional 134,289 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Dorian LPG during the fourth quarter worth $2,838,000. Northern Trust Corp grew its position in shares of Dorian LPG by 20.1% in the 4th quarter. Northern Trust Corp now owns 418,569 shares of the shipping company’s stock valued at $10,201,000 after acquiring an additional 70,046 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Dorian LPG by 27.0% during the 4th quarter. Bank of New York Mellon Corp now owns 299,417 shares of the shipping company’s stock worth $7,297,000 after purchasing an additional 63,613 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Activity at Dorian LPG

In other news, CEO John C. Hadjipateras bought 12,500 shares of the company’s stock in a transaction dated Tuesday, April 8th. The stock was bought at an average price of $17.75 per share, with a total value of $221,875.00. Following the completion of the acquisition, the chief executive officer now owns 1,824,386 shares of the company’s stock, valued at $32,382,851.50. This represents a 0.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 13.40% of the stock is currently owned by corporate insiders.

Dorian LPG Stock Performance

NYSE LPG opened at $22.01 on Friday. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $51.66. The stock has a market cap of $942.12 million, a PE ratio of 5.60 and a beta of 0.71. The firm has a 50-day moving average of $21.08 and a 200-day moving average of $23.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. During the same quarter in the previous year, the firm earned $2.62 earnings per share. On average, sell-side analysts anticipate that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on LPG. Pareto Securities upgraded shares of Dorian LPG to a “buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Dorian LPG in a research report on Friday, January 31st.

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.