SeaCrest Wealth Management LLC Sells 2,490 Shares of Dorian LPG Ltd. (NYSE:LPG)

SeaCrest Wealth Management LLC cut its position in shares of Dorian LPG Ltd. (NYSE:LPGFree Report) by 15.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,717 shares of the shipping company’s stock after selling 2,490 shares during the period. SeaCrest Wealth Management LLC’s holdings in Dorian LPG were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LPG. Quilter Plc bought a new stake in Dorian LPG in the first quarter valued at $745,743,000. Planned Solutions Inc. bought a new stake in Dorian LPG in the fourth quarter valued at $44,000. Quarry LP grew its position in Dorian LPG by 79.3% in the second quarter. Quarry LP now owns 1,325 shares of the shipping company’s stock valued at $34,000 after acquiring an additional 586 shares during the period. PNC Financial Services Group Inc. grew its position in Dorian LPG by 43.8% in the second quarter. PNC Financial Services Group Inc. now owns 1,412 shares of the shipping company’s stock valued at $36,000 after acquiring an additional 430 shares during the period. Finally, CWM LLC grew its position in Dorian LPG by 63.2% in the third quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock valued at $41,000 after acquiring an additional 547 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO John C. Hadjipateras purchased 5,000 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were acquired at an average price of $42.58 per share, with a total value of $212,900.00. Following the completion of the purchase, the chief executive officer now directly owns 1,777,740 shares of the company’s stock, valued at approximately $75,696,169.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.90% of the stock is currently owned by insiders.

Dorian LPG Price Performance

Shares of LPG stock opened at $38.46 on Friday. The stock’s fifty day moving average is $37.07 and its 200-day moving average is $37.07. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31. The stock has a market capitalization of $1.56 billion, a PE ratio of 5.11 and a beta of 1.13. Dorian LPG Ltd. has a 52 week low of $19.20 and a 52 week high of $49.54.

Dorian LPG (NYSE:LPGGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.35. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. The business had revenue of $163.06 million for the quarter, compared to analyst estimates of $154.49 million. During the same quarter in the prior year, the firm posted $1.29 earnings per share. Equities research analysts expect that Dorian LPG Ltd. will post 7.29 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently declared a None dividend, which was paid on Tuesday, February 27th. Stockholders of record on Monday, February 5th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, February 2nd. Dorian LPG’s dividend payout ratio (DPR) is presently 26.56%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LPG shares. StockNews.com cut Dorian LPG from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. DNB Markets cut Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a report on Friday, January 26th. Finally, Jefferies Financial Group restated a “buy” rating and set a $50.00 target price on shares of Dorian LPG in a report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Dorian LPG presently has an average rating of “Moderate Buy” and a consensus price target of $40.25.

Read Our Latest Analysis on LPG

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

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