Y Intercept Hong Kong Ltd Has $802,000 Stock Position in Dorian LPG Ltd. (NYSE:LPG)

Y Intercept Hong Kong Ltd boosted its position in Dorian LPG Ltd. (NYSE:LPG) by 20.6% in the 4th quarter, HoldingsChannel reports. The firm owned 32,917 shares of the shipping company’s stock after acquiring an additional 5,628 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Dorian LPG were worth $802,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of LPG. International Assets Investment Management LLC acquired a new stake in Dorian LPG in the 3rd quarter valued at about $2,238,000. State of Alaska Department of Revenue lifted its stake in Dorian LPG by 3.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 20,672 shares of the shipping company’s stock valued at $711,000 after purchasing an additional 652 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Dorian LPG by 1.9% in the 3rd quarter. New York State Teachers Retirement System now owns 21,640 shares of the shipping company’s stock valued at $745,000 after purchasing an additional 394 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Dorian LPG by 98.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 20,577 shares of the shipping company’s stock valued at $708,000 after purchasing an additional 10,229 shares during the last quarter. Finally, Olympiad Research LP lifted its stake in Dorian LPG by 324.6% in the 3rd quarter. Olympiad Research LP now owns 23,129 shares of the shipping company’s stock valued at $796,000 after purchasing an additional 17,682 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LPG shares. Pareto Securities raised shares of Dorian LPG to a “buy” rating in a report on Tuesday, February 4th. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 price target on shares of Dorian LPG in a report on Friday, January 31st.

Dorian LPG Stock Up 1.2 %

Dorian LPG stock opened at $20.35 on Friday. The stock has a market cap of $871.06 million, a P/E ratio of 5.18 and a beta of 0.91. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. Dorian LPG Ltd. has a twelve month low of $19.83 and a twelve month high of $51.66. The company’s 50-day moving average price is $23.95 and its two-hundred day moving average price is $28.71.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same period in the previous year, the company posted $2.62 EPS. As a group, analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th were issued a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 5th. Dorian LPG’s dividend payout ratio is presently 25.45%.

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.