Semanteon Capital Management LP Takes Position in Dorian LPG Ltd. (NYSE:LPG)

Semanteon Capital Management LP bought a new stake in shares of Dorian LPG Ltd. (NYSE:LPG) in the 4th quarter, Holdings Channel.com reports. The fund bought 27,539 shares of the shipping company’s stock, valued at approximately $1,208,000. Dorian LPG comprises approximately 0.8% of Semanteon Capital Management LP’s investment portfolio, making the stock its 26th largest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Dorian LPG by 13.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock valued at $42,501,000 after acquiring an additional 180,246 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Dorian LPG by 45.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,342,303 shares of the shipping company’s stock valued at $58,887,000 after acquiring an additional 416,809 shares in the last quarter. Invesco Ltd. increased its holdings in Dorian LPG by 10.5% during the 3rd quarter. Invesco Ltd. now owns 798,371 shares of the shipping company’s stock valued at $22,937,000 after acquiring an additional 75,584 shares in the last quarter. American Century Companies Inc. increased its holdings in Dorian LPG by 12.9% during the 3rd quarter. American Century Companies Inc. now owns 521,274 shares of the shipping company’s stock valued at $14,976,000 after acquiring an additional 59,580 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Dorian LPG by 63.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 417,493 shares of the shipping company’s stock valued at $11,995,000 after acquiring an additional 162,663 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Trading Down 1.3 %

Shares of LPG traded down $0.56 during mid-day trading on Thursday, hitting $41.25. The company had a trading volume of 866,100 shares, compared to its average volume of 945,256. The business’s 50-day simple moving average is $38.07 and its 200-day simple moving average is $38.65. The company has a quick ratio of 3.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.57. Dorian LPG Ltd. has a 1-year low of $21.02 and a 1-year high of $49.54. The stock has a market cap of $1.67 billion, a PE 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.35. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The business had revenue of $163.06 million for the quarter, compared to analysts’ expectations of $154.49 million. During the same period last 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.

Wall Street Analyst Weigh In

LPG has been the topic of several analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $50.00 price target on shares of Dorian LPG in a research note on Thursday, February 1st. DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research note on Friday, January 26th. Finally, StockNews.com raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.25.

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.