Exchange Traded Concepts LLC Raises Stock Holdings in Dorian LPG Ltd. (NYSE:LPG)

Exchange Traded Concepts LLC increased its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 147.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,814 shares of the shipping company's stock after purchasing an additional 92,286 shares during the period. Exchange Traded Concepts LLC owned 0.36% of Dorian LPG worth $3,459,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LPG. New York State Teachers Retirement System grew its stake in Dorian LPG by 12.5% in the fourth quarter. New York State Teachers Retirement System now owns 24,338 shares of the shipping company's stock worth $593,000 after purchasing an additional 2,698 shares during the period. Rhumbline Advisers grew its stake in Dorian LPG by 5.7% in the fourth quarter. Rhumbline Advisers now owns 124,760 shares of the shipping company's stock worth $3,040,000 after purchasing an additional 6,691 shares during the period. Beacon Capital Management LLC grew its stake in Dorian LPG by 61.1% in the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock worth $27,000 after purchasing an additional 428 shares during the period. Principal Financial Group Inc. grew its stake in Dorian LPG by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 208,027 shares of the shipping company's stock worth $5,070,000 after purchasing an additional 9,285 shares during the period. Finally, Atria Wealth Solutions Inc. grew its stake in Dorian LPG by 18.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 35,031 shares of the shipping company's stock worth $854,000 after purchasing an additional 5,372 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Dorian LPG Trading Down 0.3%

NYSE LPG opened at $24.97 on Tuesday. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $43.85. The stock has a market cap of $1.07 billion, a P/E ratio of 6.35 and a beta of 0.74. The stock's fifty day moving average price is $21.77 and its 200-day moving average price is $22.61. 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 (NYSE:LPG - Get Free Report) last released its earnings results on Thursday, May 22nd. The shipping company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. The firm had revenue of $75.89 million for the quarter, compared to analysts' expectations of $79.04 million. During the same period in the prior year, the firm posted $1.91 earnings per share. The company's quarterly revenue was down 46.3% on a year-over-year basis. As a group, equities analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

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

Insider Activity at Dorian LPG

In other Dorian LPG news, CEO John C. Hadjipateras acquired 12,500 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average cost of $17.75 per share, with a total value of $221,875.00. Following the completion of the transaction, the chief executive officer now directly owns 1,824,386 shares of the company's stock, valued at approximately $32,382,851.50. This represents a 0.69% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Dorian LPG 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.

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