GSA Capital Partners LLP Boosts Holdings in Dorian LPG Ltd. $LPG

GSA Capital Partners LLP grew its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 37.0% during the 4th quarter, HoldingsChannel reports. The firm owned 122,133 shares of the shipping company’s stock after buying an additional 32,996 shares during the period. Dorian LPG comprises approximately 0.3% of GSA Capital Partners LLP’s holdings, making the stock its 23rd biggest position. GSA Capital Partners LLP’s holdings in Dorian LPG were worth $2,973,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in Dorian LPG by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock worth $324,000 after purchasing an additional 390 shares during the last quarter. CoreCap Advisors LLC boosted its stake in Dorian LPG by 18.7% during the 4th quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock worth $80,000 after purchasing an additional 514 shares during the last quarter. Vident Advisory LLC boosted its stake in Dorian LPG by 2.8% during the 3rd quarter. Vident Advisory LLC now owns 20,918 shares of the shipping company’s stock worth $623,000 after purchasing an additional 577 shares during the last quarter. Amundi boosted its stake in Dorian LPG by 7.6% during the 3rd quarter. Amundi now owns 8,655 shares of the shipping company’s stock worth $245,000 after purchasing an additional 614 shares during the last quarter. Finally, Integrated Advisors Network LLC boosted its stake in Dorian LPG by 9.1% during the 3rd quarter. Integrated Advisors Network LLC now owns 9,771 shares of the shipping company’s stock worth $291,000 after purchasing an additional 811 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Trading Up 2.9%

Shares of LPG stock opened at $42.04 on Tuesday. The company’s 50-day moving average price is $35.70 and its 200-day moving average price is $30.89. The company has a current ratio of 2.41, a quick ratio of 2.40 and a debt-to-equity ratio of 0.38. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 14.80 and a beta of 0.63. Dorian LPG Ltd. has a twelve month low of $20.03 and a twelve month high of $42.30.

Dorian LPG Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 18th.

Analyst Ratings Changes

Several equities research analysts have issued reports on LPG shares. Jefferies Financial Group started coverage on shares of Dorian LPG in a research note on Friday, April 24th. They set a “buy” rating and a $42.00 target price on the stock. Dnb Carnegie cut shares of Dorian LPG from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Wall Street Zen cut shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dorian LPG in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.00.

Insider Buying and Selling at Dorian LPG

In other news, CFO Theodore B. Young sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total transaction of $348,400.00. Following the transaction, the chief financial officer owned 122,926 shares of the company’s stock, valued at approximately $4,282,741.84. The trade was a 7.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 13.60% of the company’s stock.

Dorian LPG Company Profile

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.