Dorian LPG Ltd. (NYSE:LPG) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC reduced its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 55.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,905 shares of the shipping company’s stock after selling 11,119 shares during the period. Farther Finance Advisors LLC’s holdings in Dorian LPG were worth $197,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in LPG. Heck Capital Advisors LLC purchased a new position in Dorian LPG in the 4th quarter worth $37,000. Quarry LP increased its holdings in shares of Dorian LPG by 155.3% in the fourth quarter. Quarry LP now owns 2,035 shares of the shipping company’s stock valued at $50,000 after purchasing an additional 1,238 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of Dorian LPG in the fourth quarter worth about $118,000. SBI Securities Co. Ltd. acquired a new stake in shares of Dorian LPG during the fourth quarter worth about $135,000. Finally, Ieq Capital LLC purchased a new stake in Dorian LPG in the fourth quarter valued at approximately $206,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Dorian LPG Price Performance

NYSE:LPG opened at $25.76 on Friday. The firm’s fifty day moving average is $22.20 and its two-hundred day moving average is $22.67. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 11.93 and a beta of 0.74. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.52 and a current ratio of 3.54. Dorian LPG Ltd. has a one year low of $16.66 and a one year high of $43.85.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Thursday, May 22nd. The shipping company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.08. Dorian LPG had a return on equity of 8.88% and a net margin of 25.52%. The business had revenue of $75.89 million during the quarter, compared to analysts’ expectations of $79.04 million. During the same quarter in the previous year, the firm posted $1.91 EPS. The company’s revenue for the quarter was down 46.3% on a year-over-year basis. Research analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.50 dividend. This represents a yield of 13.5%. The ex-dividend date of this dividend was Friday, May 16th.

Insider Buying and Selling at Dorian LPG

In other news, CEO John C. Hadjipateras acquired 12,500 shares of the business’s stock in a transaction on Tuesday, April 8th. The stock was bought at an average price of $17.75 per share, with a total value 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. This represents a 0.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 13.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Dorian LPG from a “sell” rating to a “hold” rating in a research report on Sunday, June 1st.

Dorian LPG 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.