Mackenzie Financial Corp Purchases 52,618 Shares of Dorian LPG Ltd. (NYSE:LPG)

Mackenzie Financial Corp increased its stake in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 225.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,931 shares of the shipping company's stock after purchasing an additional 52,618 shares during the period. Mackenzie Financial Corp owned 0.18% of Dorian LPG worth $1,850,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LPG. Beacon Capital Management LLC raised its position in shares of Dorian LPG by 61.1% during the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock worth $27,000 after acquiring an additional 428 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in Dorian LPG during the 4th quarter valued at about $37,000. Quarry LP boosted its stake in shares of Dorian LPG by 155.3% in the 4th quarter. Quarry LP now owns 2,035 shares of the shipping company's stock valued at $50,000 after purchasing an additional 1,238 shares during the last quarter. KBC Group NV boosted its stake in shares of Dorian LPG by 84.6% in the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock valued at $51,000 after purchasing an additional 951 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Dorian LPG during the 4th quarter worth approximately $118,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LPG shares. Pareto Securities raised shares of Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th. Wall Street Zen upgraded Dorian LPG from a "sell" rating to a "hold" rating in a research report on Sunday.

Dorian LPG Trading Down 0.0%

Dorian LPG stock traded down $0.01 during midday trading on Wednesday, hitting $21.78. 430,887 shares of the stock were exchanged, compared to its average volume of 718,304. Dorian LPG Ltd. has a 52 week low of $16.66 and a 52 week high of $50.30. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $932.27 million, a PE ratio of 5.54 and a beta of 0.71. The company has a fifty day simple moving average of $21.22 and a two-hundred day simple moving average of $22.75.

Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The shipping company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. The business had revenue of $75.89 million during the quarter, compared to analysts' expectations of $79.04 million. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. The firm's quarterly revenue was down 46.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. Equities research analysts anticipate 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. 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. Dorian LPG's dividend payout ratio (DPR) is presently 46.30%.

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.