Vanguard Group Inc. Has $46.15 Million Stock Position in Dorian LPG Ltd. (NYSE:LPG)

Vanguard Group Inc. cut its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,893,742 shares of the shipping company's stock after selling 57,849 shares during the quarter. Vanguard Group Inc. owned 4.42% of Dorian LPG worth $46,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LPG. HighTower Advisors LLC acquired a new stake in shares of Dorian LPG during the third quarter worth approximately $463,000. Janus Henderson Group PLC grew its holdings in Dorian LPG by 24.4% during the 3rd quarter. Janus Henderson Group PLC now owns 37,919 shares of the shipping company's stock worth $1,305,000 after acquiring an additional 7,433 shares in the last quarter. State Street Corp raised its stake in shares of Dorian LPG by 3.6% in the 3rd quarter. State Street Corp now owns 1,357,420 shares of the shipping company's stock valued at $46,722,000 after purchasing an additional 47,780 shares in the last quarter. Barclays PLC grew its stake in Dorian LPG by 392.6% in the third quarter. Barclays PLC now owns 62,935 shares of the shipping company's stock worth $2,167,000 after purchasing an additional 50,160 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Dorian LPG by 9.1% in the third quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company's stock valued at $33,195,000 after buying an additional 80,757 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Dorian LPG news, CEO John C. Hadjipateras acquired 12,500 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired at an average price 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 approximately $32,382,851.50. This trade represents a 0.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 13.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Dorian LPG Price Performance

Shares of NYSE:LPG traded up $0.48 during trading hours on Thursday, hitting $20.51. 86,445 shares of the company's stock traded hands, compared to its average volume of 816,903. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. The company's fifty day simple moving average is $21.30 and its two-hundred day simple moving average is $25.05. Dorian LPG Ltd. has a 52 week low of $16.66 and a 52 week high of $51.66. The company has a market cap of $877.91 million, a price-to-earnings ratio of 5.22 and a beta of 0.67.

Dorian LPG (NYSE:LPG - Get Free Report) last released its earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. During the same period last year, the company earned $2.62 earnings per share. 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 firm also recently disclosed a dividend, which was paid on Thursday, February 27th. Investors of record on Wednesday, February 5th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 5th. Dorian LPG's payout ratio is presently 25.45%.

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.