PSI Advisors LLC Has $114,000 Holdings in Dorian LPG Ltd. (NYSE:LPG)

PSI Advisors LLC decreased its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 12.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,725 shares of the shipping company’s stock after selling 400 shares during the quarter. PSI Advisors LLC’s holdings in Dorian LPG were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LPG. Legacy Capital Group California Inc. bought a new position in shares of Dorian LPG in the 4th quarter valued at about $1,065,000. First Eagle Investment Management LLC grew its stake in Dorian LPG by 23.2% in the first quarter. First Eagle Investment Management LLC now owns 266,875 shares of the shipping company’s stock valued at $10,264,000 after purchasing an additional 50,200 shares in the last quarter. Harvest Investment Services LLC acquired a new position in shares of Dorian LPG during the 4th quarter worth approximately $1,424,000. Price T Rowe Associates Inc. MD raised its stake in shares of Dorian LPG by 844.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company’s stock worth $8,653,000 after purchasing an additional 201,134 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Dorian LPG by 16.7% in the 1st quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock valued at $82,067,000 after buying an additional 305,818 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Insider Transactions at Dorian LPG

In other Dorian LPG news, COO Alexander C. Hadjipateras sold 2,500 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $36.12, for a total transaction of $90,300.00. Following the transaction, the chief operating officer now owns 82,823 shares in the company, valued at approximately $2,991,566.76. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 15.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of Dorian LPG from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. StockNews.com downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, DNB Markets raised Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, July 3rd.

Dorian LPG Stock Performance

Shares of LPG traded down $0.20 during trading hours on Thursday, hitting $36.95. The company had a trading volume of 392,692 shares, compared to its average volume of 817,909. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 4.86 and a beta of 0.97. The company has a quick ratio of 3.60, a current ratio of 4.60 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $40.02 and a 200-day moving average of $40.25. Dorian LPG Ltd. has a 12 month low of $24.68 and a 12 month high of $51.66.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.23. Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%. The firm had revenue of $114.30 million for the quarter, compared to analysts’ expectations of $113.70 million. During the same period in the prior year, the firm earned $1.21 EPS. The business’s revenue was up 2.4% on a year-over-year basis. Equities analysts anticipate that Dorian LPG Ltd. will post 4.72 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Wednesday, August 21st. Shareholders of record on Thursday, August 8th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, August 8th. Dorian LPG’s payout ratio is 13.16%.

Dorian LPG Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.