Dorian LPG Ltd. $LPG Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 80.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,950 shares of the shipping company’s stock after selling 100,192 shares during the period. Intech Investment Management LLC owned 0.06% of Dorian LPG worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new position in shares of Dorian LPG during the second quarter worth about $165,210,000. Millennium Management LLC lifted its position in Dorian LPG by 3,728.9% during the 1st quarter. Millennium Management LLC now owns 997,470 shares of the shipping company’s stock worth $22,283,000 after acquiring an additional 971,419 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Dorian LPG during the 2nd quarter worth approximately $6,438,000. American Century Companies Inc. boosted its holdings in Dorian LPG by 8.0% in the 1st quarter. American Century Companies Inc. now owns 1,460,840 shares of the shipping company’s stock worth $32,635,000 after acquiring an additional 108,769 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Dorian LPG in the second quarter valued at approximately $2,089,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dorian LPG

In other Dorian LPG news, COO Alexander C. Hadjipateras sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $32.38, for a total transaction of $161,900.00. Following the transaction, the chief operating officer owned 89,440 shares of the company’s stock, valued at $2,896,067.20. This trade represents a 5.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 13.60% of the stock is owned by insiders.

Dorian LPG Trading Down 0.7%

LPG opened at $24.57 on Friday. The stock has a market capitalization of $1.05 billion, a PE ratio of 11.02 and a beta of 0.76. The firm’s fifty day moving average price is $27.75 and its 200 day moving average price is $27.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.32 and a quick ratio of 3.30. Dorian LPG Ltd. has a 12-month low of $16.66 and a 12-month high of $32.79.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Wednesday, November 5th. The shipping company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.09). The company had revenue of $124.06 million for the quarter, compared to analyst estimates of $126.99 million. Dorian LPG had a return on equity of 9.13% and a net margin of 26.02%.Dorian LPG’s revenue was up 50.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 earnings per share. As a group, research analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Monday, November 17th will be issued a $0.65 dividend. This is an increase from Dorian LPG’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend is Monday, November 17th.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Dorian LPG in a research report on Wednesday, November 19th. Pareto Securities lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Zacks Research cut shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. Finally, Wall Street Zen lowered Dorian LPG from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.00.

Dorian LPG 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.