Farther Finance Advisors LLC Sells 11,119 Shares of Dorian LPG Ltd. (NYSE:LPG)

Farther Finance Advisors LLC cut its holdings in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 55.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Dorian LPG in the fourth quarter valued at $698,000. Victory Capital Management Inc. raised its stake in Dorian LPG by 10.3% during the fourth 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 in the last quarter. Principal Financial Group Inc. raised its stake in Dorian LPG by 4.7% during the fourth quarter. Principal Financial Group Inc. now owns 208,027 shares of the shipping company's stock worth $5,070,000 after acquiring an additional 9,285 shares in the last quarter. Deutsche Bank AG raised its stake in Dorian LPG by 57.8% during the fourth quarter. Deutsche Bank AG now owns 33,926 shares of the shipping company's stock worth $827,000 after acquiring an additional 12,429 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Dorian LPG by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,689 shares of the shipping company's stock worth $504,000 after acquiring an additional 797 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Dorian LPG

In other news, CEO John C. Hadjipateras purchased 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average price of $17.75 per share, for a total transaction 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 approximately $32,382,851.50. The trade was a 0.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.40% of the company's stock.

Dorian LPG Price Performance

Dorian LPG stock traded down $0.65 during mid-day trading on Monday, hitting $24.91. 758,541 shares of the company were exchanged, compared to its average volume of 697,376. The company has a quick ratio of 3.52, a current ratio of 3.54 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $22.30 and a 200 day moving average of $22.67. Dorian LPG Ltd. has a 1-year low of $16.66 and a 1-year high of $43.85. The company has a market capitalization of $1.06 billion, a PE ratio of 11.53 and a beta of 0.74.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its earnings results on Thursday, May 22nd. The shipping company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.17 by $0.08. The company had revenue of $75.89 million for the quarter, compared to analysts' expectations of $79.04 million. Dorian LPG had a return on equity of 8.88% and a net margin of 25.52%. The business's revenue for the quarter was down 46.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 earnings per share. As a group, sell-side analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Stockholders 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.

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.