State of Alaska Department of Revenue Has $297,000 Position in Dorian LPG Ltd. (NYSE:LPG)

State of Alaska Department of Revenue boosted its stake in shares of Dorian LPG Ltd. (NYSE:LPGGet Rating) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,953 shares of the shipping company’s stock after buying an additional 1,000 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.05% of Dorian LPG worth $297,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LPG. Captrust Financial Advisors lifted its holdings in Dorian LPG by 134.6% during the 1st quarter. Captrust Financial Advisors now owns 1,715 shares of the shipping company’s stock worth $25,000 after buying an additional 984 shares during the period. PSI Advisors LLC lifted its holdings in Dorian LPG by 66.0% during the 3rd quarter. PSI Advisors LLC now owns 2,200 shares of the shipping company’s stock worth $30,000 after buying an additional 875 shares during the period. KBC Group NV acquired a new position in Dorian LPG during the 2nd quarter worth about $37,000. Professional Financial Advisors LLC acquired a new position in Dorian LPG during the 2nd quarter worth about $38,000. Finally, Dorsey Wright & Associates acquired a new position in Dorian LPG during the 2nd quarter worth about $43,000. 78.40% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dorian LPG news, CFO Theodore B. Young sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $19.00, for a total transaction of $237,500.00. Following the completion of the sale, the chief financial officer now directly owns 98,440 shares of the company’s stock, valued at approximately $1,870,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Thomas Jason Coleman sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $20.05, for a total value of $2,005,000.00. Following the transaction, the director now owns 1,722,000 shares in the company, valued at approximately $34,526,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Theodore B. Young sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $19.00, for a total value of $237,500.00. Following the completion of the transaction, the chief financial officer now owns 98,440 shares in the company, valued at approximately $1,870,360. The disclosure for this sale can be found here. In the last ninety days, insiders sold 315,500 shares of company stock valued at $6,017,030. Corporate insiders own 28.60% of the company’s stock.

Dorian LPG Stock Performance

Shares of Dorian LPG stock opened at $17.83 on Monday. Dorian LPG Ltd. has a one year low of $10.77 and a one year high of $21.07. The firm has a market capitalization of $719.46 million, a price-to-earnings ratio of 7.37 and a beta of 1.16. The business has a 50-day simple moving average of $18.78 and a 200 day simple moving average of $16.53. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.93 and a quick ratio of 2.90.

Dorian LPG (NYSE:LPGGet Rating) last issued its earnings results on Wednesday, November 2nd. The shipping company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. Dorian LPG had a return on equity of 8.86% and a net margin of 32.27%. The business had revenue of $75.97 million during the quarter, compared to analyst estimates of $64.25 million. On average, research analysts anticipate that Dorian LPG Ltd. will post 4.01 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently announced a Variable dividend, which was paid on Tuesday, December 6th. Investors of record on Monday, November 7th were given a $1.00 dividend. The ex-dividend date was Friday, November 4th. Dorian LPG’s payout ratio is 227.27%.

Analyst Upgrades and Downgrades

LPG has been the subject of several research analyst reports. StockNews.com lowered Dorian LPG from a “buy” rating to a “hold” rating in a research report on Tuesday, January 10th. UBS Group lowered Dorian LPG from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Thursday, January 5th. Finally, Jefferies Financial Group lifted their price objective on Dorian LPG from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, December 13th.

Dorian LPG 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.

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

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