Franklin Resources Inc. Has $551,000 Stock Position in Dorian LPG Ltd. (NYSE:LPG)

Franklin Resources Inc. raised its position in Dorian LPG Ltd. (NYSE:LPG) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,593 shares of the shipping company’s stock after purchasing an additional 545 shares during the period. Franklin Resources Inc. owned 0.05% of Dorian LPG worth $551,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of LPG. Beacon Capital Management LLC grew its position in shares of Dorian LPG by 61.1% in the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock worth $27,000 after buying an additional 428 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Dorian LPG during the 4th quarter worth $37,000. KBC Group NV raised its holdings in Dorian LPG by 84.6% during the fourth quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock worth $51,000 after purchasing an additional 951 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Dorian LPG by 146.2% in the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock valued at $53,000 after purchasing an additional 1,303 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Dorian LPG during the 4th quarter worth about $118,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Insider Buying and Selling at Dorian LPG

In related news, CEO John C. Hadjipateras bought 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average price of $17.75 per share, with a total value of $221,875.00. Following the completion of the transaction, the chief executive officer now owns 1,824,386 shares of the company’s stock, valued at $32,382,851.50. The trade was a 0.69 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.40% of the company’s stock.

Wall Street Analysts Forecast Growth

LPG has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $35.00 price objective on shares of Dorian LPG in a report on Friday, January 31st. Pareto Securities raised shares of Dorian LPG to a “buy” rating in a research report on Tuesday, February 4th.

Dorian LPG Trading Up 2.0 %

Shares of NYSE:LPG opened at $20.07 on Thursday. The company has a 50 day moving average of $21.30 and a 200-day moving average of $25.05. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. The firm has a market cap of $859.08 million, a P/E ratio of 5.11 and a beta of 0.67. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $51.66.

Dorian LPG (NYSE:LPG) last announced its earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. During the same quarter last year, the firm earned $2.62 EPS. As a group, analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG’s dividend payout ratio is 25.45%.

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.