International Assets Investment Management LLC Invests $2.24 Million in Dorian LPG Ltd. (NYSE:LPG)

International Assets Investment Management LLC purchased a new position in Dorian LPG Ltd. (NYSE:LPG - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 65,031 shares of the shipping company's stock, valued at approximately $2,238,000. International Assets Investment Management LLC owned about 0.16% of Dorian LPG as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Capital Management LLC acquired a new stake in Dorian LPG during the first quarter worth approximately $27,000. Quarry LP boosted its holdings in shares of 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 purchasing an additional 345 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dorian LPG by 60.3% during the second 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 last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of 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 purchasing an additional 697 shares during the period. Finally, CWM LLC increased its stake in Dorian LPG by 285.4% in the third quarter. CWM LLC now owns 2,058 shares of the shipping company's stock valued at $71,000 after purchasing an additional 1,524 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Trading Down 1.6 %

Shares of LPG traded down $0.47 during mid-day trading on Monday, reaching $28.84. The company had a trading volume of 733,565 shares, compared to its average volume of 754,826. Dorian LPG Ltd. has a fifty-two week low of $28.50 and a fifty-two week high of $51.66. The firm has a fifty day simple moving average of $34.45 and a 200-day simple moving average of $39.28. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 4.97 and a beta of 1.00. The company has a current ratio of 4.22, a quick ratio of 4.58 and a debt-to-equity ratio of 0.48.

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 analysts' consensus estimates of $0.52 by ($0.17). The firm had revenue of $82.40 million during the quarter, compared to analyst estimates of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. Dorian LPG's revenue was down 43.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 EPS. On average, sell-side analysts anticipate that Dorian LPG Ltd. will post 3.93 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. Investors of record on Tuesday, November 5th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, November 5th.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a "buy" rating and issued a $42.00 price target on shares of Dorian LPG in a report on Thursday.

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.