Dorian LPG Ltd. (NYSE:LPG) Short Interest Down 21.4% in November

Dorian LPG Ltd. (NYSE:LPG) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 1,690,000 shares, a drop of 21.4% from the October 31st total of 2,150,000 shares. Currently, 4.3% of the shares of the stock are sold short. Based on an average daily volume of 617,100 shares, the days-to-cover ratio is presently 2.7 days.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Dorian LPG by 16.7% in the 1st quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock worth $82,067,000 after buying an additional 305,818 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Dorian LPG by 844.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company’s stock valued at $8,653,000 after acquiring an additional 201,134 shares during the period. Tidal Investments LLC grew its holdings in shares of Dorian LPG by 18.4% during the first quarter. Tidal Investments LLC now owns 18,847 shares of the shipping company’s stock valued at $725,000 after purchasing an additional 2,929 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Dorian LPG by 60.3% during the 2nd 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. Finally, Csenge Advisory Group bought a new stake in shares of Dorian LPG in the 2nd quarter worth approximately $455,000. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Up 0.4 %

NYSE LPG traded up $0.09 during trading hours on Friday, hitting $24.47. The company had a trading volume of 333,181 shares, compared to its average volume of 724,050. The firm’s 50 day moving average is $30.44 and its 200 day moving average is $37.08. 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 has a fifty-two week low of $23.92 and a fifty-two week high of $51.66. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 4.15 and a beta of 1.00.

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

Dorian LPG Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th were paid a $1.00 dividend. The ex-dividend date of this dividend 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.