Dorian LPG Ltd. $LPG Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 44.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,516 shares of the shipping company’s stock after selling 66,680 shares during the period. JPMorgan Chase & Co. owned 0.20% of Dorian LPG worth $2,519,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LPG. The Manufacturers Life Insurance Company lifted its holdings in Dorian LPG by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock worth $324,000 after acquiring an additional 390 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of Dorian LPG by 2.8% during the third quarter. Vident Advisory LLC now owns 20,918 shares of the shipping company’s stock valued at $623,000 after purchasing an additional 577 shares during the last quarter. Amundi raised its position in shares of Dorian LPG by 7.6% during the 3rd quarter. Amundi now owns 8,655 shares of the shipping company’s stock worth $245,000 after purchasing an additional 614 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Dorian LPG by 12.0% in the 3rd quarter. GAMMA Investing LLC now owns 6,828 shares of the shipping company’s stock worth $203,000 after purchasing an additional 730 shares during the last quarter. Finally, Integrated Advisors Network LLC lifted its holdings in shares of Dorian LPG by 9.1% in the 3rd quarter. Integrated Advisors Network LLC now owns 9,771 shares of the shipping company’s stock worth $291,000 after purchasing an additional 811 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Insider Activity at Dorian LPG

In related news, insider Tim Truels Hansen sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total value of $721,250.00. Following the completion of the transaction, the insider owned 212,842 shares of the company’s stock, valued at approximately $6,140,491.70. This trade represents a 10.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Theodore B. Young sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $34.84, for a total value of $348,400.00. Following the completion of the sale, the chief financial officer directly owned 122,926 shares of the company’s stock, valued at approximately $4,282,741.84. This trade represents a 7.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 13.60% of the stock is owned by insiders.

Dorian LPG Price Performance

Shares of Dorian LPG stock opened at $34.54 on Monday. The company has a current ratio of 2.41, a quick ratio of 2.40 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $33.02 and its two-hundred day moving average price is $29.07. Dorian LPG Ltd. has a 52 week low of $16.66 and a 52 week high of $38.40. The stock has a market cap of $1.48 billion, a PE ratio of 12.16 and a beta of 0.59.

Dorian LPG (NYSE:LPG) last issued its earnings results on Wednesday, February 4th. The shipping company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). The business had revenue of $119.96 million for the quarter, compared to the consensus estimate of $115.15 million. Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The company’s quarterly revenue was up 48.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 earnings per share. As a group, sell-side analysts anticipate that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Tuesday, February 24th. Shareholders of record on Monday, February 9th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a yield of 881.0%.

Wall Street Analysts Forecast Growth

LPG has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. Dnb Carnegie cut shares of Dorian LPG from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 11th. Finally, Wall Street Zen lowered shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Dorian LPG presently has an average rating of “Hold” and an average price target of $35.00.

Dorian LPG Company Profile

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.