First Trust Advisors LP Sells 54,020 Shares of Dorian LPG Ltd. (NYSE:LPG)

First Trust Advisors LP lowered its holdings in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 56.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 41,515 shares of the shipping company's stock after selling 54,020 shares during the period. First Trust Advisors LP owned 0.10% of Dorian LPG worth $1,012,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in LPG. Beacon Capital Management LLC increased its holdings in shares of Dorian LPG by 61.1% in the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock valued at $27,000 after purchasing an additional 428 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Dorian LPG in the 4th quarter valued at about $37,000. KBC Group NV raised its holdings in Dorian LPG by 84.6% in the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock valued at $51,000 after acquiring an additional 951 shares during the period. GAMMA Investing LLC lifted its position in Dorian LPG by 146.2% during the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company's stock worth $53,000 after acquiring an additional 1,303 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Dorian LPG in the fourth quarter valued at approximately $118,000. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Price Performance

Shares of NYSE LPG traded up $0.17 during midday trading on Friday, reaching $22.01. The company's stock had a trading volume of 495,708 shares, compared to its average volume of 713,906. The company has a market cap of $942.12 million, a P/E ratio of 5.60 and a beta of 0.71. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $51.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. The business's 50 day moving average price is $21.08 and its two-hundred day moving average price is $23.47.

Dorian LPG (NYSE:LPG - Get Free Report) last released its earnings results 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 last year, the company posted $2.62 EPS. On average, analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Insider Activity

In other Dorian LPG news, CEO John C. Hadjipateras acquired 12,500 shares of Dorian LPG 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 purchase, the chief executive officer now directly owns 1,824,386 shares of the company's stock, valued at $32,382,851.50. This represents a 0.69 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.40% of the company's stock.

Wall Street Analyst Weigh In

LPG has been the subject of several research reports. Pareto Securities raised Dorian LPG to a "buy" rating in a report on Tuesday, February 4th. Jefferies Financial Group reissued a "buy" rating and set a $35.00 target price on shares of Dorian LPG in a report on Friday, January 31st.

Dorian LPG Profile

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.