Dorian LPG Ltd. (NYSE:LPG) Holdings Raised by Focus Partners Wealth

Focus Partners Wealth lifted its holdings in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 248,650 shares of the shipping company's stock after purchasing an additional 20,830 shares during the quarter. Focus Partners Wealth owned approximately 0.58% of Dorian LPG worth $6,060,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LPG. JPMorgan Chase & Co. boosted its holdings in shares of Dorian LPG by 14.7% during 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 during the period. Raymond James Financial Inc. bought a new position in shares of Dorian LPG during the 4th quarter worth about $698,000. Barclays PLC lifted its holdings in shares of Dorian LPG by 392.6% during the 3rd quarter. Barclays PLC now owns 62,935 shares of the shipping company's stock worth $2,167,000 after acquiring an additional 50,160 shares during the period. Victory Capital Management Inc. lifted its holdings 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 acquiring an additional 16,947 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings 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 acquiring an additional 711,313 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

Dorian LPG Stock Up 3.3%

Dorian LPG stock opened at $23.69 on Wednesday. The stock has a market capitalization of $1.01 billion, a PE ratio of 6.03 and a beta of 0.71. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $51.66. 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 $21.19 and a 200-day moving average of $23.37.

Insider Buying and Selling

In other news, CEO John C. Hadjipateras purchased 12,500 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were purchased 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 $32,382,851.50. The trade was a 0.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on LPG shares. Pareto Securities upgraded shares of Dorian LPG to a "buy" rating in a research report on Tuesday, February 4th. Jefferies Financial Group reissued a "buy" rating and set a $35.00 price target on shares of Dorian LPG in a research note on Friday, January 31st.

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.

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