Vanguard Group Inc. Sells 57,849 Shares of Dorian LPG Ltd. (NYSE:LPG)

Vanguard Group Inc. decreased its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 3.0% in the fourth quarter, HoldingsChannel reports. 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.’s holdings in Dorian LPG were worth $46,150,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its position in shares of Dorian LPG by 20.8% during the 4th quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock worth $100,583,000 after buying an additional 711,313 shares in the last quarter. State Street Corp grew its holdings in Dorian LPG by 3.6% during the 3rd quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock worth $46,722,000 after acquiring an additional 47,780 shares in the last quarter. American Century Companies Inc. increased its position in 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 purchasing an additional 134,289 shares during the period. Geode Capital Management LLC raised its holdings in shares of Dorian LPG by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock valued at $33,195,000 after purchasing an additional 80,757 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Dorian LPG by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company’s stock valued at $12,778,000 after purchasing an additional 52,571 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dorian LPG

In related news, CEO John C. Hadjipateras bought 12,500 shares of the company’s stock in a transaction on Tuesday, April 8th. The shares were bought at an average price of $17.75 per share, with a total value of $221,875.00. Following the transaction, the chief executive officer now owns 1,824,386 shares in the company, valued at approximately $32,382,851.50. This trade represents a 0.69 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.40% of the stock is currently owned by company insiders.

Dorian LPG Stock Up 13.0 %

NYSE:LPG opened at $20.56 on Friday. The company’s 50-day simple moving average is $21.53 and its 200-day simple moving average is $25.28. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $51.66. The stock has a market capitalization of $880.01 million, a P/E ratio of 5.23 and a beta of 0.67.

Dorian LPG (NYSE:LPG) last posted its earnings results on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business earned $2.62 earnings per share. On average, equities analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

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

Analysts Set New Price Targets

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

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.