SeaCrest Wealth Management LLC Purchases New Shares in Dorian LPG Ltd. (NYSE:LPG)

SeaCrest Wealth Management LLC purchased a new stake in shares of Dorian LPG Ltd. (NYSE:LPGGet Rating) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,213 shares of the shipping company’s stock, valued at approximately $49,000.

Other large investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in Dorian LPG during the 1st quarter worth $1,926,000. GSA Capital Partners LLP acquired a new position in Dorian LPG during the 1st quarter worth $449,000. First Eagle Investment Management LLC grew its holdings in Dorian LPG by 110.6% during the 1st quarter. First Eagle Investment Management LLC now owns 101,530 shares of the shipping company’s stock worth $1,471,000 after acquiring an additional 53,312 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Dorian LPG by 210.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,315 shares of the shipping company’s stock worth $541,000 after acquiring an additional 25,285 shares in the last quarter. Finally, Professional Financial Advisors LLC acquired a new position in Dorian LPG during the 2nd quarter worth $38,000. 85.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LPG has been the subject of several recent analyst reports. Jefferies Financial Group raised their price objective on shares of Dorian LPG from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, November 2nd. StockNews.com raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a report on Tuesday, November 8th.

Insider Activity

In other news, Director Thomas Jason Coleman sold 50,000 shares of Dorian LPG stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $17.99, for a total value of $899,500.00. Following the completion of the transaction, the director now directly owns 1,872,000 shares of the company’s stock, valued at approximately $33,677,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 480,000 shares of company stock valued at $7,974,090. Company insiders own 28.60% of the company’s stock.

Dorian LPG Trading Down 1.1 %

NYSE LPG opened at $19.13 on Monday. Dorian LPG Ltd. has a one year low of $10.77 and a one year high of $19.67. The company has a 50-day simple moving average of $15.98 and a 200-day simple moving average of $15.83. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.90 and a current ratio of 2.93. The firm has a market capitalization of $771.91 million, a PE ratio of 7.90 and a beta of 1.15.

Dorian LPG Announces Dividend

The firm also recently declared a Variable dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Monday, November 7th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Friday, November 4th. Dorian LPG’s dividend payout ratio (DPR) is presently 227.27%.

Dorian LPG Company Profile

(Get Rating)

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. The company owns and operates very large gas carriers (VLGCs). As of May 27, 2022, its fleet consisted of twenty-two VLGCs. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.

Read More

Institutional Ownership by Quarter for Dorian LPG (NYSE:LPG)

Receive News & Ratings for Dorian LPG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorian LPG and related companies with MarketBeat.com's FREE daily email newsletter.