2 days Ago By ABMN Staff
American Century Companies Inc. lifted its stake in shares of Dorian LPG Ltd. ( NYSE:LPG – Free Report ) by 14.
2% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,063,865 shares of the shipping company’s stock after buying an additional 132,542 shares during the quarter. American Century Companies Inc.
’s holdings in Dorian LPG were worth $44,640,000 as of its most recent filing with the Securities & Exchange Commission. Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc.
raised its stake in shares of Dorian LPG by 16.7% in the first 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 period. Charles Schwab Investment Management Inc. raised its stake in Dorian LPG by 2.
5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 427,986 shares of the shipping company’s stock valued at $18,776,000 after acquiring an additional 10,493 shares during the period.
Bridgeway Capital Management LLC boosted its position in Dorian LPG by 1.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 375,115 shares of the shipping company’s stock worth $16,456,000 after purchasing an additional 5,536 shares during the period.
First Eagle Investment Management LLC increased its stake in shares of 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 worth $10,264,000 after purchasing an additional 50,200 shares in the last quarter.
Finally, Bank of New York Mellon Corp raised its position in shares of Dorian LPG by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 257,096 shares of the shipping company’s stock valued at $10,788,000 after purchasing an additional 2,939 shares during the period.
Institutional investors own 62.50% of the company’s stock. Wall Street Analyst Weigh In LPG has been the topic of a number of analyst reports.
Jefferies Financial Group boosted their target price on shares of Dorian LPG from $46.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd.
DNB Markets upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Wednesday, July 3rd. Dorian LPG Price Performance Shares of NYSE:LPG opened at $35.
10 on Tuesday. The company has a 50 day moving average of $38.07 and a 200 day moving average of $40.
45. The company has a current ratio of 4.60, a quick ratio of 4.
58 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.
43 billion, a P/E ratio of 4.62 and a beta of 0.99.
Dorian LPG Ltd. has a 12 month low of $25.58 and a 12 month high of $51.
66. Dorian LPG ( NYSE:LPG – Get Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.
26 EPS for the quarter, beating the consensus estimate of $1.03 by $0.23.
The firm had revenue of $114.30 million during the quarter, compared to the consensus estimate of $113.70 million.
Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%.
The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $1.
21 EPS. As a group, sell-side analysts forecast that Dorian LPG Ltd. will post 4.
94 EPS for the current fiscal year. Dorian LPG Dividend Announcement The firm also recently announced a None dividend, which was paid on Wednesday, August 21st. Shareholders of record on Thursday, August 8th were paid a $1.
00 dividend. The ex-dividend date was Thursday, August 8th. Dorian LPG’s dividend payout ratio is currently 13.
16%. Insider Buying and Selling at Dorian LPG In related news, COO Alexander C. Hadjipateras sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 5th.
The shares were sold at an average price of $36.12, for a total value of $90,300.00.
Following the transaction, the chief operating officer now directly owns 82,823 shares in the company, valued at $2,991,566.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website .
Insiders own 15.90% of the company’s stock. Dorian LPG Company Profile ( Free Report ) 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.
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