Dorian LPG Ltd. (NYSE:LPG) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,001,189 shares of the shipping company's stock after acquiring an additional 36,967 shares during the period. Geode Capital Management LLC owned 2.34% of Dorian LPG worth $24,404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LPG. Beacon Capital Management LLC grew its holdings in Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock valued at $27,000 after purchasing an additional 428 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Dorian LPG by 2.5% in the fourth quarter. Franklin Resources Inc. now owns 22,593 shares of the shipping company's stock worth $551,000 after buying an additional 545 shares during the period. Procyon Advisors LLC lifted its stake in shares of Dorian LPG by 4.7% during the 4th quarter. Procyon Advisors LLC now owns 15,894 shares of the shipping company's stock worth $387,000 after acquiring an additional 719 shares during the last quarter. KBC Group NV boosted 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 acquiring an additional 951 shares during the period. Finally, GAMMA Investing LLC grew its position in Dorian LPG by 146.2% in the 4th quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company's stock valued at $53,000 after acquiring an additional 1,303 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Insider Activity at Dorian LPG

In other Dorian LPG news, CEO John C. Hadjipateras acquired 12,500 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was acquired at an average cost of $17.75 per share, for a total transaction of $221,875.00. Following the completion of the transaction, the chief executive officer now directly owns 1,824,386 shares of the company's stock, valued at $32,382,851.50. This represents a 0.69 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 13.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Dorian LPG Stock Down 1.0 %

Dorian LPG stock traded down $0.20 during midday trading on Monday, hitting $20.53. 486,735 shares of the company's stock were exchanged, compared to its average volume of 714,921. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $51.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. The company has a market cap of $878.77 million, a PE ratio of 5.22 and a beta of 0.67. The firm has a 50-day moving average of $21.18 and a two-hundred day moving average of $24.70.

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

Dorian LPG Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 27th. Investors of record on Wednesday, February 5th were paid a $0.70 dividend. The ex-dividend date was Wednesday, February 5th. Dorian LPG's dividend payout ratio is currently 25.45%.

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.