ProShare Advisors LLC Grows Position in Dorian LPG Ltd. (NYSE:LPG)

ProShare Advisors LLC grew its stake in Dorian LPG Ltd. (NYSE:LPG) by 44.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,958 shares of the shipping company’s stock after buying an additional 3,376 shares during the period. ProShare Advisors LLC’s holdings in Dorian LPG were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LPG. Beacon Capital Management LLC grew its stake in shares of Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock valued at $27,000 after acquiring an additional 428 shares during the period. Heck Capital Advisors LLC purchased a new position in Dorian LPG during the fourth quarter valued at approximately $37,000. Quarry LP boosted its position in shares of Dorian LPG by 155.3% in the fourth quarter. Quarry LP now owns 2,035 shares of the shipping company’s stock worth $50,000 after purchasing an additional 1,238 shares during the period. KBC Group NV increased its stake in shares of Dorian LPG by 84.6% in the fourth quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock worth $51,000 after purchasing an additional 951 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Dorian LPG during the 4th quarter valued at $118,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Insider Buying and Selling

In other Dorian LPG news, CEO John C. Hadjipateras purchased 12,500 shares of Dorian LPG stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average price of $17.75 per share, for a total transaction of $221,875.00. Following the completion of the transaction, the chief executive officer now owns 1,824,386 shares of the company’s stock, valued at approximately $32,382,851.50. This trade represents a 0.69% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.40% of the stock is owned by company insiders.

Dorian LPG Price Performance

LPG stock opened at $21.43 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. The company’s fifty day moving average price is $21.28 and its 200-day moving average price is $22.86. Dorian LPG Ltd. has a one year low of $16.66 and a one year high of $51.66. The company has a market capitalization of $917.29 million, a PE ratio of 5.45 and a beta of 0.71.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Thursday, May 22nd. The shipping company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. The company had revenue of $75.89 million for the quarter, compared to the consensus estimate of $79.04 million. During the same period in the previous year, the firm posted $1.91 EPS. Dorian LPG’s revenue for the quarter was down 46.3% compared to the same quarter last year. On average, equities analysts anticipate that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a $0.50 dividend. The ex-dividend date was Friday, May 16th. This represents a dividend yield of 13.5%. Dorian LPG’s dividend payout ratio (DPR) is 46.30%.

Analyst Upgrades and Downgrades

LPG has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $35.00 target price on shares of Dorian LPG in a report on Friday, January 31st. Wall Street Zen lowered Dorian LPG from a “hold” rating to a “sell” rating in a research note on Saturday, May 24th. Finally, Pareto Securities raised Dorian LPG to a “buy” rating in a research note on Tuesday, February 4th.

Dorian LPG Profile

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