Focus Partners Wealth Has $6.06 Million Position in Dorian LPG Ltd. (NYSE:LPG)

Focus Partners Wealth grew its stake in Dorian LPG Ltd. (NYSE:LPG) by 9.1% during the fourth quarter, HoldingsChannel reports. The firm owned 248,650 shares of the shipping company’s stock after buying an additional 20,830 shares during the quarter. Focus Partners Wealth’s holdings in Dorian LPG were worth $6,060,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Beacon Capital Management LLC raised its holdings in Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock worth $27,000 after purchasing an additional 428 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Dorian LPG during the fourth quarter valued at about $37,000. Quarry LP grew its holdings in shares of Dorian LPG by 155.3% during the fourth quarter. Quarry LP now owns 2,035 shares of the shipping company’s stock valued at $50,000 after buying an additional 1,238 shares during the last quarter. KBC Group NV grew its holdings in shares of Dorian LPG by 84.6% during the fourth quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock valued at $51,000 after buying an additional 951 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Dorian LPG by 146.2% during the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock worth $53,000 after purchasing an additional 1,303 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Dorian LPG news, CEO John C. Hadjipateras purchased 12,500 shares of the stock in a transaction dated Tuesday, April 8th. The shares were bought 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 directly owns 1,824,386 shares in the company, valued at approximately $32,382,851.50. This trade represents a 0.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.40% of the company’s stock.

Dorian LPG Stock Performance

Shares of LPG stock opened at $23.69 on Wednesday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 6.03 and a beta of 0.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. Dorian LPG Ltd. has a 52 week low of $16.66 and a 52 week high of $51.66. The firm’s 50-day simple moving average is $21.19 and its two-hundred day simple moving average is $23.37.

Wall Street Analyst Weigh In

Several analysts have commented on LPG shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $35.00 price objective 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 research report on Tuesday, February 4th.

About Dorian LPG

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.