Royce & Associates LP cut its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 1.9% during the first quarter, Holdings Channel reports. The institutional investor owned 737,234 shares of the shipping company’s stock after selling 14,300 shares during the period. Royce & Associates LP owned 1.37% of Dorian LPG worth $7,763,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Numeric Investors LLC increased its stake in Dorian LPG by 1,240.0% in the fourth quarter. Numeric Investors LLC now owns 238,518 shares of the shipping company’s stock worth $1,958,000 after buying an additional 220,718 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Dorian LPG by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,032,415 shares of the shipping company’s stock valued at $8,477,000 after buying an additional 75,733 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Dorian LPG during the first quarter valued at about $1,126,000. Gargoyle Investment Advisor L.L.C. purchased a new stake in Dorian LPG during the first quarter valued at about $150,000. Finally, A.R.T. Advisors LLC purchased a new stake in Dorian LPG during the fourth quarter valued at about $545,000. Institutional investors own 47.59% of the company’s stock.
Dorian LPG Ltd. (NYSE:LPG) traded up 2.05% during midday trading on Friday, hitting $7.47. The company had a trading volume of 241,115 shares. The stock has a 50 day moving average of $8.34 and a 200 day moving average of $9.37. Dorian LPG Ltd. has a 52-week low of $5.07 and a 52-week high of $12.50. The firm has a market cap of $402.27 million, a price-to-earnings ratio of 24.33 and a beta of 1.22.
Dorian LPG (NYSE:LPG) last issued its earnings results on Wednesday, June 14th. The shipping company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.14. Dorian LPG had a negative return on equity of 2.98% and a negative net margin of 0.86%. The firm had revenue of $47.60 million for the quarter, compared to analysts’ expectations of $38.08 million. During the same quarter last year, the firm earned $0.60 earnings per share. The firm’s revenue for the quarter was down 44.2% compared to the same quarter last year. On average, analysts anticipate that Dorian LPG Ltd. will post ($0.28) EPS for the current year.
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Several equities research analysts recently issued reports on the company. Pareto Securities upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Monday, June 12th. Zacks Investment Research downgraded Dorian LPG from a “hold” rating to a “strong sell” rating in a report on Friday, May 12th.
About Dorian LPG
Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers.
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