Cwm LLC Acquires 1,524 Shares of Dorian LPG Ltd. (NYSE:LPG)

Cwm LLC grew its position in Dorian LPG Ltd. (NYSE:LPG) by 285.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,058 shares of the shipping company’s stock after purchasing an additional 1,524 shares during the period. Cwm LLC’s holdings in Dorian LPG were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its position in shares of Dorian LPG by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the shipping company’s stock valued at $722,000 after purchasing an additional 300 shares during the last quarter. Saxony Capital Management LLC grew its position in Dorian LPG by 5.9% during the first quarter. Saxony Capital Management LLC now owns 5,572 shares of the shipping company’s stock worth $214,000 after buying an additional 309 shares in the last quarter. Gallacher Capital Management LLC grew its position in Dorian LPG by 4.9% during the second quarter. Gallacher Capital Management LLC now owns 7,355 shares of the shipping company’s stock worth $309,000 after buying an additional 343 shares in the last quarter. Quarry LP grew its position in Dorian LPG by 57.8% during the second quarter. Quarry LP now owns 942 shares of the shipping company’s stock worth $40,000 after buying an additional 345 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its position in Dorian LPG by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 29,842 shares of the shipping company’s stock worth $1,148,000 after buying an additional 375 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DNB Markets raised Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, July 3rd.

Dorian LPG Trading Up 2.2 %

Shares of NYSE:LPG opened at $31.03 on Monday. The business’s 50 day simple moving average is $35.21 and its 200 day simple moving average is $39.62. The company has a market capitalization of $1.32 billion, a P/E ratio of 4.10 and a beta of 0.98. Dorian LPG Ltd. has a 1 year low of $30.06 and a 1 year high of $51.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.60 and a quick ratio of 4.58.

Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, August 1st. The shipping company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.23. The firm had revenue of $114.30 million for the quarter, compared to the consensus estimate of $113.70 million. Dorian LPG had a return on equity of 30.64% and a net margin of 54.48%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 EPS. On average, research analysts anticipate that Dorian LPG Ltd. will post 4.13 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, November 25th. Shareholders of record on Tuesday, November 5th will be issued a $1.00 dividend. The ex-dividend date is Tuesday, November 5th.

Insider Activity

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $36.12, for a total value of $90,300.00. Following the completion of the transaction, the chief operating officer now directly owns 82,823 shares in the company, valued at approximately $2,991,566.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.40% of the stock is owned by corporate insiders.

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.