Meeder Asset Management Inc. Lowers Holdings in Dorian LPG Ltd. (NYSE:LPG)

Meeder Asset Management Inc. trimmed its position in Dorian LPG Ltd. (NYSE:LPG) by 57.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,800 shares of the shipping company’s stock after selling 5,027 shares during the period. Meeder Asset Management Inc.’s holdings in Dorian LPG were worth $54,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its holdings in Dorian LPG by 28.5% in the first quarter. Victory Capital Management Inc. now owns 113,746 shares of the shipping company’s stock valued at $1,494,000 after acquiring an additional 25,221 shares during the period. Blueshift Asset Management LLC acquired a new stake in Dorian LPG in the first quarter valued at $691,000. The PNC Financial Services Group Inc. lifted its holdings in Dorian LPG by 842.1% in the first quarter. The PNC Financial Services Group Inc. now owns 8,630 shares of the shipping company’s stock valued at $115,000 after acquiring an additional 7,714 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Dorian LPG by 82.1% in the first quarter. BNP Paribas Arbitrage SA now owns 16,188 shares of the shipping company’s stock valued at $213,000 after acquiring an additional 7,298 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Dorian LPG in the first quarter valued at $246,000. Hedge funds and other institutional investors own 73.26% of the company’s stock.

NYSE:LPG opened at $11.69 on Wednesday. The company has a market capitalization of $470.85 million, a PE ratio of 6.53 and a beta of 1.35. The company has a quick ratio of 2.03, a current ratio of 2.05 and a debt-to-equity ratio of 0.56. Dorian LPG Ltd. has a 52-week low of $7.47 and a 52-week high of $15.68. The stock has a fifty day simple moving average of $12.55 and a 200-day simple moving average of $13.37.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Wednesday, August 4th. The shipping company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.26). Dorian LPG had a return on equity of 8.03% and a net margin of 28.22%. The firm had revenue of $62.95 million for the quarter.

The company also recently announced a Not Available dividend, which was paid on Wednesday, September 8th. Investors of record on Monday, August 9th were paid a $1.00 dividend. This represents a yield of 32.71%. The ex-dividend date of this dividend was Friday, August 6th.

A number of research firms have commented on LPG. UBS Group began coverage on Dorian LPG in a report on Friday, August 27th. They issued a “buy” rating and a $19.00 target price for the company. Evercore ISI reaffirmed an “in-line” rating and set a $15.00 price target on shares of Dorian LPG in a research note on Tuesday, May 25th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $15.13.

In related news, EVP Alexander C. Hadjipateras sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 9th. The shares were sold at an average price of $12.95, for a total value of $64,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 28.60% of the company’s stock.

Dorian LPG Company Profile

Dorian LPG Ltd. is a holding company which engages in the transportation of liquefied petroleum gas. It focus on managing gas carriers and developing customer services. The firm also offers in-house commercial and technical management services to vessels in their fleet and vessels deployed in the Helios Pool.

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Institutional Ownership by Quarter for Dorian LPG (NYSE:LPG)

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