Two Sigma Advisers LP Has $18.56 Million Stock Position in Dorian LPG Ltd. (NYSE:LPG)

Two Sigma Advisers LP lowered its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 15.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 539,133 shares of the shipping company's stock after selling 99,400 shares during the period. Two Sigma Advisers LP owned 1.26% of Dorian LPG worth $18,557,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPG. Quarry LP raised its holdings in Dorian LPG by 57.8% during the second quarter. Quarry LP now owns 942 shares of the shipping company's stock valued at $40,000 after buying an additional 345 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Dorian LPG by 60.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company's stock valued at $44,000 after acquiring an additional 395 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted 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 worth $52,000 after purchasing an additional 697 shares during the last quarter. CWM LLC boosted its position in Dorian LPG by 285.4% during the third 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. Finally, Ovata Capital Management Ltd acquired a new position in Dorian LPG during the second quarter valued at approximately $210,000. Institutional investors own 62.50% of the company's stock.

Dorian LPG Stock Performance

Shares of NYSE LPG traded up $0.46 during trading hours on Monday, hitting $23.16. 691,668 shares of the company's stock were exchanged, compared to its average volume of 754,172. The company's 50-day moving average price is $29.39 and its 200-day moving average price is $36.30. Dorian LPG Ltd. has a 1-year low of $22.46 and a 1-year high of $51.66. The stock has a market capitalization of $991.03 million, a price-to-earnings ratio of 3.85 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The shipping company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.17). The business 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%. The firm's quarterly revenue was down 43.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 earnings per share. On average, sell-side analysts expect that Dorian LPG Ltd. will post 3.45 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

The business also recently declared a dividend, which was paid on Monday, November 25th. Shareholders 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 restated a "buy" rating and issued a $42.00 price objective on shares of Dorian LPG in a research note on Thursday, October 31st.

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.