Deutsche Bank AG Acquires 12,429 Shares of Dorian LPG Ltd. (NYSE:LPG)

Deutsche Bank AG raised its position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 57.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,926 shares of the shipping company's stock after acquiring an additional 12,429 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Dorian LPG worth $827,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Beacon Capital Management LLC boosted its position in Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock valued at $27,000 after acquiring an additional 428 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Dorian LPG during the fourth quarter valued at approximately $37,000. Quarry LP lifted its holdings in shares of Dorian LPG by 155.3% during the fourth quarter. Quarry LP now owns 2,035 shares of the shipping company's stock valued at $50,000 after purchasing an additional 1,238 shares during the last quarter. KBC Group NV lifted its holdings in shares of Dorian LPG by 84.6% during the fourth quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock valued at $51,000 after purchasing an additional 951 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Dorian LPG during the fourth quarter valued at approximately $118,000. 62.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Dorian LPG

In other Dorian LPG news, CEO John C. Hadjipateras acquired 12,500 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was purchased 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 directly owns 1,824,386 shares in the company, valued at approximately $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 this link. Company insiders own 13.40% of the company's stock.

Dorian LPG Stock Down 1.3%

NYSE LPG traded down $0.28 during mid-day trading on Friday, reaching $21.43. The stock had a trading volume of 921,884 shares, compared to its average volume of 719,535. Dorian LPG Ltd. has a 1 year low of $16.66 and a 1 year high of $51.13. The stock has a market cap of $917.29 million, a PE ratio of 5.45 and a beta of 0.71. The company has a fifty day moving average price of $21.28 and a 200 day moving average price of $22.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The shipping company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. The company had revenue of $75.89 million during the quarter, compared to analyst estimates of $79.04 million. During the same period in the previous year, the business earned $1.91 EPS. The firm's revenue for the quarter was down 46.3% on a year-over-year basis. On average, research analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 13.5%. Dorian LPG's dividend payout ratio is presently 46.30%.

Analysts Set New Price Targets

Several research firms have recently issued reports on LPG. Wall Street Zen upgraded shares of Dorian LPG from a "sell" rating to a "hold" rating in a report on Sunday. Pareto Securities upgraded shares of Dorian LPG to a "buy" rating in a report on Tuesday, February 4th.

Dorian LPG Company 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.