Semanteon Capital Management LP Buys Shares of 27,539 Dorian LPG Ltd. (NYSE:LPG)

Semanteon Capital Management LP bought a new stake in Dorian LPG Ltd. (NYSE:LPG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 27,539 shares of the shipping company’s stock, valued at approximately $1,208,000. Dorian LPG makes up about 0.8% of Semanteon Capital Management LP’s portfolio, making the stock its 26th largest holding. Semanteon Capital Management LP owned approximately 0.07% of Dorian LPG as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LPG. CWM LLC boosted its stake in Dorian LPG by 63.2% in the third quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock valued at $41,000 after acquiring an additional 547 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Dorian LPG during the third quarter worth $270,000. Commonwealth Equity Services LLC acquired a new stake in shares of Dorian LPG during the third quarter worth $794,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Dorian LPG during the third quarter worth $1,964,000. Finally, Raymond James & Associates acquired a new stake in shares of Dorian LPG during the third quarter worth $208,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LPG shares. StockNews.com upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Wednesday. Jefferies Financial Group reiterated a “buy” rating and set a $50.00 price objective on shares of Dorian LPG in a research note on Thursday, February 1st. Finally, DNB Markets downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research note on Friday, January 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Dorian LPG has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Dorian LPG Stock Performance

LPG traded down $0.56 on Thursday, reaching $41.25. The stock had a trading volume of 866,100 shares, compared to its average volume of 945,256. Dorian LPG Ltd. has a 12-month low of $21.02 and a 12-month high of $49.54. The company has a current ratio of 3.31, a quick ratio of 3.29 and a debt-to-equity ratio of 0.57. The business’s 50-day moving average price is $38.07 and its two-hundred day moving average price is $38.65. The company has a market cap of $1.67 billion, a P/E ratio of 5.48 and a beta of 1.13.

Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. The business had revenue of $163.06 million during the quarter, compared to analysts’ expectations of $154.49 million. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. During the same quarter in the previous year, the company earned $1.29 earnings per share. Sell-side analysts forecast that Dorian LPG Ltd. will post 7.29 earnings per share for the current year.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.