Boothbay Fund Management LLC bought a new position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 116,460 shares of the shipping company's stock, valued at approximately $2,838,000. Boothbay Fund Management LLC owned 0.27% of Dorian LPG at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in Dorian LPG by 20.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company's stock worth $100,583,000 after acquiring an additional 711,313 shares during the period. American Century Companies Inc. increased its stake 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 worth $32,950,000 after purchasing an additional 134,289 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Dorian LPG by 27.0% in the 4th quarter. Bank of New York Mellon Corp now owns 299,417 shares of the shipping company's stock worth $7,297,000 after purchasing an additional 63,613 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Dorian LPG by 11.1% in 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 during the last quarter. Finally, Barclays PLC grew its holdings in Dorian LPG by 392.6% during 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 period. 62.50% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CEO John C. Hadjipateras bought 12,500 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was bought 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.40% of the stock is owned by company insiders.
Dorian LPG Stock Performance
Shares of NYSE:LPG traded up $0.64 during midday trading on Friday, reaching $22.06. 543,690 shares of the company traded hands, compared to its average volume of 718,146. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $51.66. The firm's fifty day moving average price is $20.90 and its two-hundred day moving average price is $23.97. 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 firm has a market capitalization of $944.26 million, a price-to-earnings ratio of 5.61 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 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 in the prior year, the business posted $2.62 earnings per share. On average, equities analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on LPG. Pareto Securities raised Dorian LPG to a "buy" rating in a research 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 report on Friday, January 31st.
Read Our Latest Research Report on LPG
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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