Invesco Ltd. Has $10.87 Million Stock Holdings in Dorian LPG Ltd. (NYSE:LPG)

Invesco Ltd. trimmed its position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 446,216 shares of the shipping company's stock after selling 64,184 shares during the period. Invesco Ltd. owned approximately 1.04% of Dorian LPG worth $10,874,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Beacon Capital Management LLC boosted its holdings in Dorian LPG by 61.1% during the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock valued at $27,000 after acquiring an additional 428 shares during the period. Franklin Resources Inc. lifted its stake 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 buying an additional 545 shares during the period. Russell Investments Group Ltd. lifted its stake 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 buying an additional 657 shares during the period. Procyon Advisors LLC lifted its stake in shares of Dorian LPG by 4.7% in the fourth quarter. Procyon Advisors LLC now owns 15,894 shares of the shipping company's stock valued at $387,000 after buying an additional 719 shares during the period. Finally, KBC Group NV lifted its stake in shares of Dorian LPG by 84.6% in the fourth 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 during the period. 62.50% of the stock is currently owned by institutional investors.

Insider Transactions at Dorian LPG

In other news, CEO John C. Hadjipateras acquired 12,500 shares of the company's stock in a transaction dated Tuesday, April 8th. The stock was bought at an average price of $17.75 per share, with a total value of $221,875.00. Following the completion of the acquisition, the chief executive officer now owns 1,824,386 shares in the company, valued at approximately $32,382,851.50. This represents a 0.69 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 13.40% of the company's stock.

Dorian LPG Price Performance

LPG traded down $0.36 during midday trading on Monday, reaching $21.65. 658,980 shares of the company's stock were exchanged, compared to its average volume of 716,286. The firm has a market capitalization of $926.71 million, a price-to-earnings ratio of 5.51 and a beta of 0.67. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. Dorian LPG Ltd. has a one year low of $16.66 and a one year high of $51.66. The business has a 50-day simple moving average of $20.96 and a two-hundred day simple moving average of $24.10.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same quarter last year, the business earned $2.62 earnings per share. As a group, research analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LPG shares. Jefferies Financial Group restated a "buy" rating and set a $35.00 price target on shares of Dorian LPG in a research note on Friday, January 31st. Pareto Securities upgraded shares of Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th.

About Dorian LPG

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.