Dimensional Fund Advisors LP Sells 107,349 Shares of Dorian LPG Ltd. (NYSE:LPG)

Dimensional Fund Advisors LP lessened its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 3.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,180,812 shares of the shipping company’s stock after selling 107,349 shares during the period. Dimensional Fund Advisors LP owned 7.83% of Dorian LPG worth $133,467,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Beacon Capital Management LLC bought a new position in shares of Dorian LPG during the 1st quarter worth about $27,000. GAMMA Investing LLC boosted its holdings in Dorian LPG by 60.3% in the second quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company’s stock worth $44,000 after acquiring an additional 395 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Dorian LPG by 26.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,821 shares of the shipping company’s stock valued at $80,000 after acquiring an additional 379 shares during the period. Tucker Asset Management LLC acquired a new position in shares of Dorian LPG during the fourth quarter worth approximately $136,000. Finally, SG Americas Securities LLC bought a new position in shares of Dorian LPG in the 1st quarter worth $145,000. 62.50% of the stock is owned by institutional investors.

Dorian LPG Price Performance

LPG stock opened at $34.59 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.58 and a current ratio of 4.60. The business has a 50-day simple moving average of $37.61 and a two-hundred day simple moving average of $40.40. The company has a market capitalization of $1.41 billion, a P/E ratio of 4.55 and a beta of 0.99. Dorian LPG Ltd. has a 52-week low of $25.58 and a 52-week high of $51.66.

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

Dorian LPG Announces Dividend

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

Insider Activity at Dorian LPG

In other Dorian LPG news, COO Alexander C. Hadjipateras sold 2,500 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $36.12, for a total value 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 approximately $2,991,566.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.90% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, DNB Markets upgraded shares of 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.

About Dorian LPG

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.