Vanguard Group Inc. lowered its holdings in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,893,742 shares of the shipping company's stock after selling 57,849 shares during the period. Vanguard Group Inc. owned approximately 4.42% of Dorian LPG worth $46,150,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in shares of Dorian LPG in the 4th quarter valued at about $449,000. American Century Companies Inc. grew its holdings in shares of Dorian LPG by 11.0% during the 4th quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company's stock valued at $32,950,000 after acquiring an additional 134,289 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Dorian LPG by 30.1% in the fourth quarter. Intech Investment Management LLC now owns 17,467 shares of the shipping company's stock worth $426,000 after acquiring an additional 4,043 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Dorian LPG by 9.9% during the fourth quarter. First Eagle Investment Management LLC now owns 330,325 shares of the shipping company's stock valued at $8,050,000 after purchasing an additional 29,750 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in Dorian LPG by 13.9% in the 4th quarter. HighTower Advisors LLC now owns 14,984 shares of the shipping company's stock worth $365,000 after purchasing an additional 1,827 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts 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 reiterated a "buy" rating and issued a $35.00 target price on shares of Dorian LPG in a research note on Friday, January 31st.
Read Our Latest Stock Analysis on Dorian LPG
Dorian LPG Stock Performance
Dorian LPG stock traded up $0.44 during mid-day trading on Wednesday, reaching $20.11. The company had a trading volume of 218,837 shares, compared to its average volume of 712,970. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $21.36 and a 200-day moving average of $25.09. Dorian LPG Ltd. has a 52 week low of $16.66 and a 52 week high of $51.66. The firm has a market cap of $860.79 million, a price-to-earnings ratio of 5.12 and a beta of 0.67.
Dorian LPG (NYSE:LPG - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, beating 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 last year, the firm posted $2.62 EPS. On average, sell-side analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.
Dorian LPG Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Thursday, February 27th. Shareholders 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%.
Insiders Place Their Bets
In other Dorian LPG news, CEO John C. Hadjipateras acquired 12,500 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $221,875.00. Following the completion of the acquisition, the chief executive officer now directly 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 13.40% of the company's stock.
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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