EntryPoint Capital LLC Acquires Shares of 14,466 Dorian LPG Ltd. (NYSE:LPG)

EntryPoint Capital LLC bought a new stake in Dorian LPG Ltd. (NYSE:LPG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,466 shares of the shipping company’s stock, valued at approximately $353,000.

A number of other large investors have also modified their holdings of LPG. Beacon Capital Management LLC boosted its holdings in Dorian LPG by 61.1% in the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock worth $27,000 after acquiring an additional 428 shares during the period. Heck Capital Advisors LLC acquired a new stake in Dorian LPG during the 4th quarter valued at $37,000. KBC Group NV grew its holdings in Dorian LPG by 84.6% during the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock valued at $51,000 after purchasing an additional 951 shares in the last quarter. GAMMA Investing LLC increased its stake in Dorian LPG by 146.2% during the 4th quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock worth $53,000 after buying an additional 1,303 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in Dorian LPG during the 4th quarter worth $135,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Price Performance

LPG opened at $23.15 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. Dorian LPG Ltd. has a 1-year low of $19.36 and a 1-year high of $51.66. The company has a 50-day moving average of $22.78 and a 200-day moving average of $26.66. The company has a market capitalization of $990.70 million, a P/E ratio of 5.89 and a beta of 0.87.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. During the same period in the prior year, the business posted $2.62 earnings per share. Equities analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th were given a $0.70 dividend. The ex-dividend date was Wednesday, February 5th. Dorian LPG’s payout ratio is currently 25.45%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LPG shares. Pareto Securities raised Dorian LPG to a “buy” rating in a research report on Tuesday, February 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $35.00 target price on shares of Dorian LPG in a research report on Friday, January 31st.

Dorian LPG 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.