Acadian Asset Management LLC Buys 18,176 Shares of Dorian LPG Ltd. (LPG)
Acadian Asset Management LLC increased its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 17.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,084 shares of the shipping company’s stock after buying an additional 18,176 shares during the period. Acadian Asset Management LLC’s holdings in Dorian LPG were worth $1,023,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of LPG. Dimensional Fund Advisors LP raised its position 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 during the period. Prudential Financial Inc. raised its position in Dorian LPG by 37.0% in the first quarter. Prudential Financial Inc. now owns 199,400 shares of the shipping company’s stock valued at $2,099,000 after buying an additional 53,800 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Dorian LPG during the first quarter valued at approximately $173,000. Russell Investments Group Ltd. bought a new position in Dorian LPG during the first quarter valued at approximately $235,000. Finally, Nationwide Fund Advisors raised its position in Dorian LPG by 29.5% in the first quarter. Nationwide Fund Advisors now owns 25,457 shares of the shipping company’s stock valued at $268,000 after buying an additional 5,793 shares during the period. 47.89% of the stock is owned by institutional investors.
Shares of Dorian LPG Ltd. (NYSE:LPG) traded up 0.7289% during trading on Friday, reaching $6.5776. The company had a trading volume of 136,250 shares. The firm has a 50-day moving average of $7.78 and a 200-day moving average of $9.09. The company’s market cap is $355.69 million. Dorian LPG Ltd. has a 12-month low of $5.07 and a 12-month high of $12.50.
Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Monday, July 31st. The shipping company reported ($0.16) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.16). The company had revenue of $41 million during the quarter, compared to analyst estimates of $37.65 million. Dorian LPG had a negative net margin of 4.33% and a negative return on equity of 4.16%. The company’s revenue was down 17.6% on a year-over-year basis. During the same quarter last year, the business posted $0.06 earnings per share. On average, equities research analysts anticipate that Dorian LPG Ltd. will post ($0.44) EPS for the current year.
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Several equities analysts have recently commented on LPG shares. Pareto Securities raised Dorian LPG from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Monday, June 12th. ValuEngine raised Dorian LPG from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. BidaskClub lowered Dorian LPG from a “sell” rating to a “strong sell” rating in a report on Tuesday. Zacks Investment Research lowered Dorian LPG from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, UBS AG set a $8.00 target price on Dorian LPG and gave the company a “buy” rating in a report on Saturday, June 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Dorian LPG currently has an average rating of “Hold” and an average price target of $10.00.
In other news, insider John C. Hadjipateras sold 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $7.55, for a total transaction of $1,887,500.00. Following the completion of the sale, the insider now owns 2,037,020 shares of the company’s stock, valued at $15,379,501. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 26.50% of the company’s stock.
Dorian LPG Company Profile
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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