UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 85.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,728 shares of the shipping company's stock after acquiring an additional 54,690 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Dorian LPG worth $2,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Beacon Capital Management LLC raised its stake in Dorian LPG by 61.1% during the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock valued at $27,000 after buying an additional 428 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Dorian LPG by 2.5% during the fourth quarter. Franklin Resources Inc. now owns 22,593 shares of the shipping company's stock valued at $551,000 after acquiring an additional 545 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Dorian LPG by 3.8% in the 4th quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company's stock worth $385,000 after purchasing an additional 572 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Dorian LPG by 3.1% in the 4th quarter. Russell Investments Group Ltd. now owns 21,911 shares of the shipping company's stock worth $534,000 after purchasing an additional 657 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Dorian LPG by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,689 shares of the shipping company's stock worth $504,000 after purchasing an additional 797 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
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.
Check Out Our Latest Research Report on Dorian LPG
Dorian LPG Stock Down 0.7%
LPG stock traded down $0.16 during midday trading on Monday, hitting $22.34. The company's stock had a trading volume of 646,240 shares, compared to its average volume of 702,969. The firm's 50-day moving average is $21.22 and its 200-day moving average is $22.66. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $44.50. The company has a market cap of $954.99 million, a PE ratio of 5.68 and a beta of 0.74.
Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The shipping company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. The firm had revenue of $75.89 million during the quarter, compared to analysts' expectations of $79.04 million. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. The company's revenue was down 46.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 earnings per share. On average, equities research analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.
Dorian LPG Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a $0.50 dividend. This represents a yield of 13.5%. The ex-dividend date of this dividend was Friday, May 16th. Dorian LPG's dividend payout ratio (DPR) is 46.30%.
Insiders Place Their Bets
In related news, CEO John C. Hadjipateras bought 12,500 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The shares were bought 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 owns 1,824,386 shares of the company's stock, valued at $32,382,851.50. This trade represents a 0.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.40% of the stock is owned by insiders.
Dorian LPG Company Profile
(
Free Report)
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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