Royce & Associates LP Sells 45,038 Shares of Dorian LPG Ltd. (NYSE:LPG)

Royce & Associates LP lowered its holdings in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 62.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 27,631 shares of the shipping company's stock after selling 45,038 shares during the quarter. Royce & Associates LP owned approximately 0.06% of Dorian LPG worth $951,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LPG. SG Americas Securities LLC bought a new position in Dorian LPG in the first quarter worth about $145,000. ProShare Advisors LLC boosted its holdings in shares of Dorian LPG by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 6,946 shares of the shipping company's stock valued at $267,000 after buying an additional 480 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Dorian LPG by 16.7% in the 1st quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company's stock worth $82,067,000 after buying an additional 305,818 shares during the period. PEAK6 Investments LLC purchased a new stake in shares of Dorian LPG in the 1st quarter worth about $6,851,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Dorian LPG by 844.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company's stock worth $8,653,000 after acquiring an additional 201,134 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Stock Down 0.2 %

Shares of Dorian LPG stock opened at $25.69 on Thursday. The company has a 50-day simple moving average of $31.85 and a two-hundred day simple moving average of $37.98. The stock has a market capitalization of $1.10 billion, a PE ratio of 4.35 and a beta of 1.00. Dorian LPG Ltd. has a 52-week low of $25.04 and a 52-week high of $51.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22.

Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.17). The business had revenue of $82.40 million for the quarter, compared to analysts' expectations of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The company's quarterly revenue was down 43.1% on a year-over-year basis. During the same period last year, the business earned $1.85 earnings per share. On average, analysts anticipate that Dorian LPG Ltd. will post 3.45 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, November 5th.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a "buy" rating and issued a $42.00 price objective on shares of Dorian LPG in a report on Thursday, October 31st.

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.