Dorian LPG Ltd. (NYSE:LPG) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its holdings in Dorian LPG Ltd. (NYSE:LPG) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,639 shares of the shipping company’s stock after selling 688 shares during the period. Atria Wealth Solutions Inc. owned 0.07% of Dorian LPG worth $1,118,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Capital Group California Inc. acquired a new position in Dorian LPG in the fourth quarter valued at approximately $1,065,000. First Eagle Investment Management LLC lifted its stake in Dorian LPG by 23.2% during 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. Harvest Investment Services LLC purchased a new position in shares of Dorian LPG during the fourth quarter worth $1,424,000. Price T Rowe Associates Inc. MD grew its stake in shares of Dorian LPG by 844.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company’s stock valued at $8,653,000 after buying an additional 201,134 shares in the last quarter. Finally, Vanguard Group Inc. raised 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 period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. DNB Markets upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Wednesday, July 3rd. Jefferies Financial Group lifted their price objective 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. Finally, StockNews.com downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.

Insider Transactions at Dorian LPG

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $36.12, for a total transaction of $90,300.00. Following the completion of the transaction, the chief operating officer now directly owns 82,823 shares of the company’s stock, valued at $2,991,566.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 15.90% of the company’s stock.

Dorian LPG Price Performance

LPG stock opened at $38.30 on Friday. The business’s 50-day moving average is $39.97 and its two-hundred day moving average is $40.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.60 and a quick ratio of 3.60. The firm has a market capitalization of $1.56 billion, a P/E ratio of 5.04 and a beta of 0.97. Dorian LPG Ltd. has a 1 year low of $24.68 and a 1 year high of $51.66.

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

Dorian LPG Announces Dividend

The business also recently disclosed a None dividend, which was paid on Wednesday, August 21st. Stockholders 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 dividend payout ratio is presently 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.