Vanguard Group Inc. Boosts Stock Position in Dorian LPG Ltd. $LPG

Vanguard Group Inc. increased its holdings in Dorian LPG Ltd. (NYSE:LPG) by 12.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,874,907 shares of the shipping company’s stock after acquiring an additional 207,575 shares during the quarter. Vanguard Group Inc.’s holdings in Dorian LPG were worth $45,635,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LPG. AQR Capital Management LLC raised its position in shares of Dorian LPG by 236.7% in the second quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock worth $10,373,000 after buying an additional 299,107 shares in the last quarter. Bank of America Corp DE raised its position in shares of Dorian LPG by 136.2% in the second quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company’s stock worth $8,996,000 after buying an additional 212,787 shares in the last quarter. Tudor Investment Corp ET AL raised its position in shares of Dorian LPG by 425.4% in the third quarter. Tudor Investment Corp ET AL now owns 256,216 shares of the shipping company’s stock worth $7,635,000 after buying an additional 207,450 shares in the last quarter. Millennium Management LLC raised its position in shares of Dorian LPG by 55.8% in the third quarter. Millennium Management LLC now owns 572,315 shares of the shipping company’s stock worth $17,055,000 after buying an additional 204,861 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Dorian LPG by 375.8% in the third quarter. Two Sigma Investments LP now owns 258,243 shares of the shipping company’s stock worth $7,696,000 after buying an additional 203,966 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Down 0.0%

NYSE LPG opened at $40.85 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 2.40. The stock has a market capitalization of $1.75 billion, a PE ratio of 14.38 and a beta of 0.63. Dorian LPG Ltd. has a 1 year low of $20.03 and a 1 year high of $41.65. The business’s 50-day moving average is $35.57 and its 200 day moving average is $30.78.

Dorian LPG Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be issued a $1.00 dividend. The ex-dividend date is Monday, May 18th. Dorian LPG’s dividend payout ratio (DPR) is 35.21%.

Insider Buying and Selling

In other Dorian LPG news, CFO Theodore B. Young sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were 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 in the company, valued at $4,282,741.84. This trade represents a 7.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 13.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LPG has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Dorian LPG from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dorian LPG in a research report on Wednesday, April 22nd. Dnb Carnegie downgraded Dorian LPG from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. Finally, Jefferies Financial Group initiated coverage on Dorian LPG in a research report on Friday, April 24th. They issued a “buy” rating and a $42.00 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.00.

About Dorian LPG

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.