Dorian LPG Ltd. (NYSE:LPG) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Dorian LPG Ltd. (NYSE:LPG) by 15.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,038 shares of the shipping company’s stock after selling 11,566 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.15% of Dorian LPG worth $2,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Dorian LPG by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company’s stock worth $16,238,000 after buying an additional 34,344 shares during the period. Cynosure Group LLC increased its position in shares of Dorian LPG by 248.0% during the third quarter. Cynosure Group LLC now owns 31,655 shares of the shipping company’s stock worth $1,090,000 after acquiring an additional 22,560 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Dorian LPG by 52.2% in the third quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company’s stock worth $9,997,000 after acquiring an additional 99,650 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Dorian LPG in the third quarter worth about $2,238,000. Finally, Pacer Advisors Inc. boosted its holdings in Dorian LPG by 11.5% in the third quarter. Pacer Advisors Inc. now owns 3,416,004 shares of the shipping company’s stock valued at $117,579,000 after purchasing an additional 352,453 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Price Performance

LPG opened at $23.86 on Monday. The company has a market capitalization of $1.02 billion, a P/E ratio of 4.04 and a beta of 0.93. The company has a 50-day moving average of $28.21 and a 200-day moving average of $35.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22. Dorian LPG Ltd. has a 1-year low of $22.46 and a 1-year high of $51.66.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.17). Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The firm had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. During the same period in the prior year, the firm earned $1.85 earnings per share. The firm’s quarterly revenue was down 43.1% compared to the same quarter last year. Equities analysts expect that Dorian LPG Ltd. will post 3.45 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently declared a dividend, which was paid on Monday, November 25th. Investors of record on Tuesday, November 5th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, November 5th.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “buy” rating and set a $42.00 price objective on shares of Dorian LPG in a report on Thursday, October 31st.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.