Exchange Traded Concepts LLC Boosts Position in Dorian LPG Ltd. (NYSE:LPG)

Exchange Traded Concepts LLC boosted its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 147.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,814 shares of the shipping company's stock after purchasing an additional 92,286 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.36% of Dorian LPG worth $3,459,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LPG. New York State Teachers Retirement System increased its position in Dorian LPG by 12.5% during the 4th quarter. New York State Teachers Retirement System now owns 24,338 shares of the shipping company's stock valued at $593,000 after buying an additional 2,698 shares in the last quarter. Rhumbline Advisers increased its stake in Dorian LPG by 5.7% during the 4th quarter. Rhumbline Advisers now owns 124,760 shares of the shipping company's stock valued at $3,040,000 after purchasing an additional 6,691 shares in the last quarter. Beacon Capital Management LLC raised its holdings 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 buying an additional 428 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of 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 buying an additional 9,285 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of Dorian LPG by 18.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 35,031 shares of the shipping company's stock valued at $854,000 after buying an additional 5,372 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Dorian LPG Stock Performance

NYSE:LPG traded down $0.08 during mid-day trading on Friday, hitting $25.67. 451,139 shares of the company traded hands, compared to its average volume of 699,496. 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 stock's fifty day moving average price is $22.20 and its 200-day moving average price is $22.67. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 11.88 and a beta of 0.74. Dorian LPG Ltd. has a one year low of $16.66 and a one year high of $43.85.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The shipping company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.17 by $0.08. Dorian LPG had a net margin of 25.52% and a return on equity of 8.88%. The firm had revenue of $75.89 million for the quarter, compared to the consensus estimate of $79.04 million. During the same period last year, the firm earned $1.91 EPS. The company's revenue was down 46.3% on a year-over-year basis. Research analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.50 per share. This represents a yield of 13.5%. The ex-dividend date of this dividend was Friday, May 16th.

Insider Buying and Selling at Dorian LPG

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

Analysts Set New Price Targets

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

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.