Seven Bridges Advisors LLC Sells 4,220 Shares of Dorian LPG Ltd. (LPG)
Seven Bridges Advisors LLC reduced its stake in Dorian LPG Ltd. (NYSE:LPG) by 15.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,502 shares of the company’s stock after selling 4,220 shares during the period. Seven Bridges Advisors LLC’s holdings in Dorian LPG were worth $166,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of LPG. Prudential Financial Inc. acquired a new stake in shares of Dorian LPG during the first quarter valued at about $666,000. BlackRock Institutional Trust Company N.A. increased its stake in shares of Dorian LPG by 4.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 221,630 shares of the company’s stock valued at $2,083,000 after buying an additional 9,377 shares during the period. Howard Hughes Medical Institute increased its stake in shares of Dorian LPG by 6.3% in the first quarter. Howard Hughes Medical Institute now owns 59,563 shares of the company’s stock valued at $560,000 after buying an additional 3,508 shares during the period. Berkeley Capital Partners LLC increased its stake in shares of Dorian LPG by 126.7% in the first quarter. Berkeley Capital Partners LLC now owns 26,606 shares of the company’s stock valued at $250,000 after buying an additional 14,871 shares during the period. Finally, Royce & Associates LP increased its stake in shares of Dorian LPG by 32.8% in the first quarter. Royce & Associates LP now owns 283,734 shares of the company’s stock valued at $2,667,000 after buying an additional 70,000 shares during the period. 47.99% of the stock is currently owned by hedge funds and other institutional investors.
Dorian LPG Ltd. (NYSE:LPG) traded up 2.80% during mid-day trading on Wednesday, reaching $5.51. The company’s stock had a trading volume of 146,304 shares. Dorian LPG Ltd. has a 12-month low of $5.07 and a 12-month high of $13.80. The firm’s 50 day moving average is $5.85 and its 200-day moving average is $8.06. The company has a market cap of $297.46 million, a PE ratio of 2.69 and a beta of 1.06.
Dorian LPG (NYSE:LPG) last announced its earnings results on Thursday, July 28th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.05. Dorian LPG had a net margin of 37.74% and a return on equity of 13.85%. The firm had revenue of $50.50 million for the quarter, compared to analyst estimates of $34.90 million. During the same period in the previous year, the company earned $0.24 EPS. Dorian LPG’s revenue was up 54.9% compared to the same quarter last year. Equities analysts anticipate that Dorian LPG Ltd. will post ($0.11) earnings per share for the current fiscal year.
LPG has been the topic of several recent analyst reports. ABN Amro downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Zacks Investment Research raised Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd.
In other news, CEO John C. Hadjipateras bought 20,000 shares of Dorian LPG stock in a transaction on Wednesday, June 29th. The stock was acquired at an average price of $7.39 per share, with a total value of $147,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,279,744 shares of the company’s stock, valued at $16,847,308.16. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 26.80% of the company’s stock.
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.
Want to see what other hedge funds are holding LPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorian LPG Ltd. (NYSE:LPG).
Receive News & Ratings for Dorian LPG Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorian LPG Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.