13,500 Shares in Dorian LPG Ltd. (NYSE:LPG) Bought by Rossby Financial LCC

Rossby Financial LCC acquired a new position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,500 shares of the shipping company's stock, valued at approximately $297,000.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. grew its holdings in shares of Dorian LPG by 2.5% in 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 grew its holdings in shares of Dorian LPG by 3.8% in the fourth quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company's stock valued at $385,000 after acquiring an additional 572 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Dorian LPG by 3.3% in the first quarter. SummerHaven Investment Management LLC now owns 18,929 shares of the shipping company's stock valued at $423,000 after acquiring an additional 598 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Dorian LPG by 3.1% in the fourth quarter. Russell Investments Group Ltd. now owns 21,911 shares of the shipping company's stock valued at $534,000 after acquiring an additional 657 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Dorian LPG by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,689 shares of the shipping company's stock valued at $504,000 after acquiring an additional 797 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO John C. Hadjipateras purchased 12,500 shares of the business's stock in a transaction dated 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 completion of the acquisition, the chief executive officer directly owned 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.40% of the company's stock.

Dorian LPG Stock Performance

NYSE LPG traded up $0.20 on Friday, hitting $25.96. 241,967 shares of the stock traded hands, compared to its average volume of 701,856. The business's fifty day moving average is $23.22 and its two-hundred day moving average is $22.79. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $43.85. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 12.02 and a beta of 0.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.52 and a current ratio of 3.54.

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

Dorian LPG Cuts Dividend

The company also recently disclosed 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 was Friday, May 16th.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Dorian LPG from a "sell" rating to a "hold" rating in a 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.