Robotti Robert lifted its position in shares of Dorian LPG Ltd (NYSE:LPG) by 6.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 318,705 shares of the shipping company’s stock after acquiring an additional 18,705 shares during the period. Robotti Robert owned 0.58% of Dorian LPG worth $2,620,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its position in shares of Dorian LPG by 21.3% during the second quarter. Voya Investment Management LLC now owns 15,747 shares of the shipping company’s stock worth $129,000 after acquiring an additional 2,763 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Dorian LPG by 24.4% during the second quarter. Alliancebernstein L.P. now owns 29,100 shares of the shipping company’s stock worth $238,000 after acquiring an additional 5,700 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Dorian LPG by 15.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 49,470 shares of the shipping company’s stock worth $407,000 after acquiring an additional 6,767 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Dorian LPG by 10.6% during the fourth quarter. California Public Employees Retirement System now owns 91,330 shares of the shipping company’s stock worth $751,000 after acquiring an additional 8,730 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new position in shares of Dorian LPG during the third quarter worth about $120,000. Institutional investors and hedge funds own 52.09% of the company’s stock.
In other Dorian LPG news, major shareholder Group Ltd Bw purchased 726,460 shares of the business’s stock in a transaction on Monday, January 29th. The stock was bought at an average cost of $7.53 per share, with a total value of $5,470,243.80. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christina Tan purchased 10,000 shares of the business’s stock in a transaction on Friday, December 8th. The stock was acquired at an average cost of $7.00 per share, with a total value of $70,000.00. Following the completion of the acquisition, the director now directly owns 39,475 shares in the company, valued at approximately $276,325. The disclosure for this purchase can be found here. Insiders purchased a total of 1,836,460 shares of company stock valued at $13,570,244 in the last quarter. 26.50% of the stock is currently owned by insiders.
Shares of Dorian LPG Ltd (NYSE:LPG) traded down $0.03 on Thursday, reaching $7.57. 191,123 shares of the company were exchanged, compared to its average volume of 556,582. The company has a market cap of $417.16, a price-to-earnings ratio of -27.04 and a beta of 1.02. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 0.62. Dorian LPG Ltd has a 12-month low of $6.20 and a 12-month high of $11.28.
Dorian LPG (NYSE:LPG) last announced its earnings results on Thursday, February 1st. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.15. The firm had revenue of $44.55 million during the quarter, compared to analyst estimates of $36.59 million. Dorian LPG had a negative net margin of 8.92% and a negative return on equity of 2.29%. Dorian LPG’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.36) EPS. research analysts anticipate that Dorian LPG Ltd will post -0.55 earnings per share for the current fiscal year.
Several equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. ValuEngine lowered shares of Dorian LPG from a “hold” rating to a “sell” rating in a research report on Thursday, November 16th. Finally, Clarkson Capital upgraded shares of Dorian LPG from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $9.17.
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Dorian LPG 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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