Dorian LPG Ltd. (NYSE:LPG) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 55.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,905 shares of the shipping company's stock after selling 11,119 shares during the quarter. Farther Finance Advisors LLC's holdings in Dorian LPG were worth $197,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Dorian LPG in the fourth quarter valued at approximately $37,000. Quarry LP increased its stake in Dorian LPG by 155.3% in 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. New Age Alpha Advisors LLC purchased a new position in Dorian LPG in the fourth quarter valued at approximately $118,000. SBI Securities Co. Ltd. purchased a new position in Dorian LPG in the fourth quarter valued at approximately $135,000. Finally, Ieq Capital LLC purchased a new position in Dorian LPG in the fourth quarter valued at approximately $206,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Dorian LPG Stock Performance

Shares of LPG traded down $0.16 during mid-day trading on Friday, reaching $25.59. 907,764 shares of the company's stock were exchanged, compared to its average volume of 701,039. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.54 and a quick ratio of 3.52. The stock has a market capitalization of $1.09 billion, a PE ratio of 11.85 and a beta of 0.74. The business's fifty day simple moving average is $22.30 and its 200-day simple moving average is $22.68. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $43.85.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its earnings results on Thursday, May 22nd. The shipping company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.08. The business had revenue of $75.89 million for the quarter, compared to analyst estimates of $79.04 million. Dorian LPG had a net margin of 25.52% and a return on equity of 8.88%. The company's revenue for the quarter was down 46.3% compared to the same quarter last year. During the same period last year, the firm posted $1.91 earnings per share. On average, equities 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 declared a dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a dividend of $0.50 per share. This represents a dividend yield of 13.5%. The ex-dividend date was Friday, May 16th.

Insider Buying and Selling

In related news, CEO John C. Hadjipateras purchased 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The stock was purchased at an average cost of $17.75 per share, with a total value of $221,875.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,824,386 shares in the company, valued at $32,382,851.50. This trade represents a 0.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 13.40% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Dorian LPG from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st.

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.