Private Management Group Inc. grew its position in Dorian LPG Ltd. (NYSE:LPG) by 3.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 402,003 shares of the shipping company’s stock after buying an additional 14,905 shares during the quarter. Private Management Group Inc. owned 0.73% of Dorian LPG worth $3,288,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. American International Group Inc. raised its position in shares of Dorian LPG by 7.1% in the 1st quarter. American International Group Inc. now owns 14,921 shares of the shipping company’s stock valued at $157,000 after buying an additional 987 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Dorian LPG by 32.8% during the 1st quarter. Citadel Advisors LLC now owns 17,041 shares of the shipping company’s stock valued at $179,000 after purchasing an additional 4,208 shares during the last quarter. Nationwide Fund Advisors grew its holdings in shares of Dorian LPG by 29.5% during the 1st quarter. Nationwide Fund Advisors now owns 25,457 shares of the shipping company’s stock valued at $268,000 after purchasing an additional 5,793 shares during the last quarter. Seven Bridges Advisors LLC grew its holdings in shares of Dorian LPG by 48.5% during the 2nd quarter. Seven Bridges Advisors LLC now owns 24,974 shares of the shipping company’s stock valued at $204,000 after purchasing an additional 8,162 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Dorian LPG by 17.7% during the 1st quarter. Bank of New York Mellon Corp now owns 73,254 shares of the shipping company’s stock valued at $772,000 after purchasing an additional 11,034 shares during the last quarter. Institutional investors own 45.63% of the company’s stock.
Shares of Dorian LPG Ltd. (NYSE:LPG) opened at 7.66 on Friday. The firm’s 50-day moving average is $7.04 and its 200-day moving average is $8.47. The company’s market capitalization is $414.22 million. Dorian LPG Ltd. has a 12-month low of $5.32 and a 12-month high of $12.50.
Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Monday, July 31st. The shipping company reported ($0.16) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.16). The business had revenue of $41.00 million for the quarter, compared to analysts’ expectations of $37.65 million. Dorian LPG had a negative return on equity of 4.16% and a negative net margin of 4.33%. The company’s revenue for the quarter was down 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. On average, equities analysts predict that Dorian LPG Ltd. will post ($0.44) EPS for the current year.
Several equities research analysts recently issued reports on LPG shares. UBS AG set a $8.00 price target on shares of Dorian LPG and gave the company a “buy” rating in a report on Saturday, June 17th. Pareto Securities raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Monday, June 12th. Zacks Investment Research raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 21st. ValuEngine raised shares of Dorian LPG from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. Finally, BidaskClub lowered shares of Dorian LPG from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $10.00.
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In other news, insider John C. Hadjipateras sold 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $7.55, for a total transaction of $1,887,500.00. Following the sale, the insider now directly owns 2,037,020 shares of the company’s stock, valued at approximately $15,379,501. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.50% of the stock is owned by corporate insiders.
Dorian LPG Company Profile
Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers.
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