Tidal Investments LLC Cuts Stock Holdings in Dorian LPG Ltd. (NYSE:LPG)

Tidal Investments LLC decreased its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 14.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,712 shares of the shipping company’s stock after selling 2,898 shares during the period. Tidal Investments LLC’s holdings in Dorian LPG were worth $610,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quarry LP grew its holdings 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 acquiring an additional 345 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Dorian LPG by 126.7% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock valued at $52,000 after acquiring an additional 697 shares during the period. CWM LLC boosted its position in shares of Dorian LPG by 285.4% during the 3rd quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock worth $71,000 after purchasing an additional 1,524 shares in the last quarter. Ovata Capital Management Ltd acquired a new position in shares of Dorian LPG during the 2nd quarter worth $210,000. Finally, Saxony Capital Management LLC increased its holdings in shares of Dorian LPG by 8.2% in the 2nd quarter. Saxony Capital Management LLC now owns 6,028 shares of the shipping company’s stock valued at $253,000 after purchasing an additional 456 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Dorian LPG Stock Down 0.9 %

Shares of NYSE:LPG opened at $22.97 on Friday. The company has a quick ratio of 4.20, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $983.21 million, a P/E ratio of 3.89 and a beta of 0.93. Dorian LPG Ltd. has a 52-week low of $22.46 and a 52-week high of $51.66. The stock’s fifty day simple moving average is $27.00 and its 200-day simple moving average is $34.62.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results 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). The firm had revenue of $82.40 million for the quarter, compared to analyst estimates of $82.40 million. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. Dorian LPG’s revenue for the quarter was down 43.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.85 earnings per share. As a group, equities research analysts forecast that Dorian LPG Ltd. will post 3.45 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, November 25th. Shareholders of record on Tuesday, November 5th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, November 5th. Dorian LPG’s dividend payout ratio is presently 16.95%.

Dorian LPG Company Profile

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.