Cresset Asset Management LLC Has $1.42 Million Holdings in Dorian LPG Ltd. (NYSE:LPG)

Cresset Asset Management LLC lifted its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 16.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 58,083 shares of the shipping company’s stock after purchasing an additional 8,179 shares during the period. Cresset Asset Management LLC’s holdings in Dorian LPG were worth $1,415,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LPG. Pacer Advisors Inc. lifted its stake in shares of Dorian LPG by 20.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock valued at $100,583,000 after buying an additional 711,313 shares in the last quarter. American Century Companies Inc. lifted its position in Dorian LPG by 11.0% in the 4th quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company’s stock valued at $32,950,000 after acquiring an additional 134,289 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dorian LPG by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 1,001,189 shares of the shipping company’s stock valued at $24,404,000 after purchasing an additional 36,967 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Dorian LPG by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company’s stock worth $12,778,000 after purchasing an additional 52,571 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in shares of Dorian LPG by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 449,109 shares of the shipping company’s stock worth $10,945,000 after purchasing an additional 11,550 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Price Performance

Shares of NYSE LPG opened at $22.01 on Friday. The company has a market capitalization of $942.12 million, a PE ratio of 5.60 and a beta of 0.71. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $21.08 and its 200-day moving average price is $23.47. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $51.66.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data 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 in the prior year, the firm posted $2.62 earnings per share. On average, equities analysts anticipate that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Insider Buying and Selling

In related news, CEO John C. Hadjipateras acquired 12,500 shares of the stock in a transaction on Tuesday, April 8th. The shares were acquired at an average price of $17.75 per share, with a total value of $221,875.00. Following the completion of the transaction, the chief executive officer now owns 1,824,386 shares in the company, valued at approximately $32,382,851.50. The trade was a 0.69 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 13.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LPG. Jefferies Financial Group reaffirmed a “buy” rating and set a $35.00 target price on shares of Dorian LPG in a research report on Friday, January 31st. Pareto Securities raised shares of Dorian LPG to a “buy” rating in a report on Tuesday, February 4th.

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.