Cynosure Group LLC Purchases 22,560 Shares of Dorian LPG Ltd. (NYSE:LPG)

Cynosure Group LLC lifted its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 248.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,655 shares of the shipping company's stock after buying an additional 22,560 shares during the quarter. Cynosure Group LLC owned about 0.07% of Dorian LPG worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Beacon Capital Management LLC bought a new position in Dorian LPG in the 1st quarter worth approximately $27,000. Quarry LP increased 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 acquiring an additional 345 shares during the period. GAMMA Investing LLC raised its stake in Dorian LPG by 60.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company's stock valued at $44,000 after purchasing an additional 395 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Dorian LPG by 126.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company's stock valued at $52,000 after purchasing an additional 697 shares during the period. Finally, CWM LLC increased its holdings 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 during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

Dorian LPG Stock Performance

LPG traded up $0.04 during trading on Wednesday, reaching $24.65. 240,345 shares of the company's stock were exchanged, compared to its average volume of 755,213. The company has a market capitalization of $1.06 billion, a P/E ratio of 4.17 and a beta of 1.00. 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 business has a 50 day moving average price of $31.08 and a 200 day moving average price of $37.44. Dorian LPG Ltd. has a fifty-two week low of $24.05 and a fifty-two week high of $51.66.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share 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 business had revenue of $82.40 million for the quarter, compared to analyst estimates of $82.40 million. Dorian LPG's revenue was down 43.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 earnings per share. As a group, analysts predict that Dorian LPG Ltd. will post 3.45 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.