Dorian LPG Ltd. (NYSE:LPG) Shares Purchased by Inspire Investing LLC

Inspire Investing LLC raised its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 164.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,721 shares of the shipping company’s stock after acquiring an additional 17,222 shares during the period. Inspire Investing LLC owned approximately 0.07% of Dorian LPG worth $1,163,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Dorian LPG by 16.7% in the first quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock worth $82,067,000 after purchasing an additional 305,818 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Dorian LPG by 844.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company’s stock worth $8,653,000 after acquiring an additional 201,134 shares during the period. PEAK6 Investments LLC acquired a new stake in shares of Dorian LPG in the 1st quarter worth approximately $6,851,000. American Century Companies Inc. boosted its holdings in shares of Dorian LPG by 14.2% in the second quarter. American Century Companies Inc. now owns 1,063,865 shares of the shipping company’s stock valued at $44,640,000 after acquiring an additional 132,542 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Dorian LPG by 149.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 170,187 shares of the shipping company’s stock worth $7,466,000 after purchasing an additional 101,840 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Price Performance

Shares of Dorian LPG stock opened at $35.39 on Friday. Dorian LPG Ltd. has a 52 week low of $25.58 and a 52 week high of $51.66. The company has a current ratio of 4.60, a quick ratio of 4.58 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $37.71 and its two-hundred day moving average price is $40.37. The stock has a market cap of $1.44 billion, a PE ratio of 4.66 and a beta of 0.99.

Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, August 1st. The shipping company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.03 by $0.23. The business had revenue of $114.30 million during the quarter, compared to analyst estimates of $113.70 million. Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.21 earnings per share. As a group, sell-side analysts anticipate that Dorian LPG Ltd. will post 4.94 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The business also recently disclosed a None dividend, which was paid on Wednesday, August 21st. Stockholders of record on Thursday, August 8th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, August 8th. Dorian LPG’s dividend payout ratio is presently 13.16%.

Insider Buying and Selling

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $36.12, for a total transaction of $90,300.00. Following the completion of the sale, the chief operating officer now directly owns 82,823 shares of the company’s stock, valued at $2,991,566.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 15.90% of the company’s stock.

Analyst Ratings Changes

Separately, DNB Markets raised Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Wednesday, July 3rd.

Dorian LPG Company Profile

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