Price T Rowe Associates Inc. MD Reduces Stake in Dorian LPG Ltd. (NYSE:LPG)

Price T Rowe Associates Inc. MD trimmed its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 88.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,328 shares of the shipping company’s stock after selling 216,723 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.07% of Dorian LPG worth $715,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LPG. JPMorgan Chase & Co. boosted its position in shares of Dorian LPG by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 197,574 shares of the shipping company’s stock worth $6,800,000 after buying an additional 25,343 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Dorian LPG in the fourth quarter valued at about $698,000. Barclays PLC grew its position in shares of Dorian LPG by 392.6% in the third quarter. Barclays PLC now owns 62,935 shares of the shipping company’s stock valued at $2,167,000 after purchasing an additional 50,160 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Dorian LPG by 10.3% during the 4th quarter. Victory Capital Management Inc. now owns 180,701 shares of the shipping company’s stock worth $4,404,000 after purchasing an additional 16,947 shares in the last quarter. Finally, Pacer Advisors Inc. raised 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 purchasing an additional 711,313 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on LPG. Pareto Securities upgraded Dorian LPG to a “buy” rating in a report on Tuesday, February 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $35.00 price objective on shares of Dorian LPG in a research note on Friday, January 31st.

Insiders Place Their Bets

In related news, CEO John C. Hadjipateras bought 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average cost of $17.75 per share, with a total value of $221,875.00. Following the completion of the transaction, the chief executive officer now owns 1,824,386 shares of the company’s stock, valued at approximately $32,382,851.50. The trade was a 0.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 13.40% of the stock is owned by corporate insiders.

Dorian LPG Stock Up 0.8%

Shares of NYSE LPG opened at $22.01 on Monday. The firm has a market cap of $942.12 million, a P/E ratio of 5.60 and a beta of 0.71. 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 1 year low of $16.66 and a 1 year high of $51.66. The firm’s 50 day moving average price is $21.08 and its 200 day moving average price is $23.42.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the business earned $2.62 EPS. As a group, sell-side analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

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.