BNP Paribas Financial Markets Trims Stake in Dorian LPG Ltd. (NYSE:LPG)

BNP Paribas Financial Markets lowered its holdings in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 64.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,928 shares of the shipping company's stock after selling 19,951 shares during the quarter. BNP Paribas Financial Markets' holdings in Dorian LPG were worth $266,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Beacon Capital Management LLC grew its holdings 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 buying an additional 428 shares in the last quarter. Franklin Resources Inc. grew its holdings in Dorian LPG by 2.5% during the 4th quarter. Franklin Resources Inc. now owns 22,593 shares of the shipping company's stock valued at $551,000 after buying an additional 545 shares in the last quarter. Voya Investment Management LLC grew its holdings in Dorian LPG by 3.8% during the 4th quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company's stock valued at $385,000 after buying an additional 572 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Dorian LPG by 3.1% during the 4th quarter. Russell Investments Group Ltd. now owns 21,911 shares of the shipping company's stock valued at $534,000 after buying an additional 657 shares in the last quarter. Finally, KBC Group NV grew its holdings in Dorian LPG by 84.6% during the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock valued at $51,000 after buying an additional 951 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Insider Activity

In other Dorian LPG 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 purchase, the chief executive officer now owns 1,824,386 shares of the company's stock, 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. Corporate insiders own 13.40% of the company's stock.

Dorian LPG Trading Down 1.3%

Shares of NYSE:LPG traded down $0.28 during trading on Friday, hitting $21.43. The company had a trading volume of 921,884 shares, compared to its average volume of 719,535. The stock has a market cap of $917.29 million, a price-to-earnings ratio of 5.45 and a beta of 0.71. Dorian LPG Ltd. has a one year low of $16.66 and a one year high of $51.13. The company has a fifty day simple moving average of $21.28 and a two-hundred day simple moving average 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 posted its quarterly earnings data on Thursday, May 22nd. The shipping company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.08. The business had revenue of $75.89 million during the quarter, compared to analyst estimates 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 for the quarter was down 46.3% on a year-over-year basis. During the same period last year, the company earned $1.91 EPS. As a group, equities analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

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

Analyst Upgrades and Downgrades

LPG has been the subject of several research analyst reports. Wall Street Zen upgraded Dorian LPG from a "sell" rating to a "hold" rating in a report on Sunday. Pareto Securities upgraded 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.