Russell Investments Group Ltd. Has $534,000 Holdings in Dorian LPG Ltd. (NYSE:LPG)

Russell Investments Group Ltd. grew its holdings in Dorian LPG Ltd. (NYSE:LPG) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,911 shares of the shipping company’s stock after purchasing an additional 657 shares during the period. Russell Investments Group Ltd. owned about 0.05% of Dorian LPG worth $534,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in shares of Dorian LPG by 20.8% during the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock worth $100,583,000 after acquiring an additional 711,313 shares in the last quarter. American Century Companies Inc. lifted its position in Dorian LPG by 11.0% during the 4th quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company’s stock worth $32,950,000 after acquiring an additional 134,289 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Dorian LPG by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 1,001,189 shares of the shipping company’s stock valued at $24,404,000 after acquiring an additional 36,967 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Dorian LPG by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company’s stock worth $12,778,000 after purchasing an additional 52,571 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Dorian LPG by 9.9% in the fourth quarter. First Eagle Investment Management LLC now owns 330,325 shares of the shipping company’s stock worth $8,050,000 after purchasing an additional 29,750 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LPG. Pareto Securities upgraded Dorian LPG to a “buy” rating in a research report on Tuesday, February 4th. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 target price on shares of Dorian LPG in a research note on Friday, January 31st.

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, for a total transaction of $221,875.00. Following the completion of the acquisition, the chief executive officer now owns 1,824,386 shares of the company’s stock, valued at approximately $32,382,851.50. The trade was a 0.69 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 13.40% of the company’s stock.

Dorian LPG Trading Up 0.5 %

Shares of NYSE LPG opened at $20.41 on Thursday. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $51.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. The firm has a market capitalization of $873.63 million, a P/E ratio of 5.19 and a beta of 0.67. The company’s 50 day simple moving average is $21.03 and its 200 day simple moving average is $24.53.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same period in the previous year, the company posted $2.62 earnings per share. On average, analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Cuts Dividend

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

About Dorian LPG

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.