Invesco Ltd. decreased its holdings in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 12.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 446,216 shares of the shipping company's stock after selling 64,184 shares during the period. Invesco Ltd. owned approximately 1.04% of Dorian LPG worth $10,874,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Beacon Capital Management LLC boosted its stake 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 purchasing an additional 428 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Dorian LPG by 2.5% during 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. Russell Investments Group Ltd. grew its holdings in shares of Dorian LPG by 3.1% during the fourth quarter. Russell Investments Group Ltd. now owns 21,911 shares of the shipping company's stock valued at $534,000 after buying an additional 657 shares during the last quarter. Procyon Advisors LLC increased its position in shares of Dorian LPG by 4.7% in the 4th quarter. Procyon Advisors LLC now owns 15,894 shares of the shipping company's stock valued at $387,000 after acquiring an additional 719 shares during the period. Finally, KBC Group NV raised its stake in Dorian LPG by 84.6% in the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock worth $51,000 after acquiring an additional 951 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.
Insider Buying and Selling at Dorian LPG
In other news, CEO John C. Hadjipateras acquired 12,500 shares of the business's stock in a transaction on Tuesday, April 8th. The stock was bought at an average price of $17.75 per share, with a total value of $221,875.00. Following the completion of the acquisition, the chief executive officer now owns 1,824,386 shares of the company's stock, valued at approximately $32,382,851.50. This represents a 0.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 13.40% of the stock is currently owned by corporate insiders.
Dorian LPG Stock Performance
NYSE LPG traded up $1.11 on Friday, reaching $22.09. 980,965 shares of the company's stock traded hands, compared to its average volume of 715,932. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week 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 firm has a market cap of $945.54 million, a price-to-earnings ratio of 5.62 and a beta of 0.67. The stock has a 50 day moving average price of $21.00 and a 200-day moving average price of $24.43.
Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings data 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 quarter last year, the company posted $2.62 earnings per share. Equities research analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
LPG has been the topic of several research analyst reports. Pareto Securities upgraded Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th. Jefferies Financial Group reiterated a "buy" rating and issued a $35.00 target price on shares of Dorian LPG in a research report on Friday, January 31st.
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About Dorian LPG
(
Free Report)
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.
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