Vanguard Group Inc. Buys 207,575 Shares of Dorian LPG Ltd. $LPG

Vanguard Group Inc. increased its holdings in Dorian LPG Ltd. (NYSE:LPG) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,874,907 shares of the shipping company’s stock after acquiring an additional 207,575 shares during the period. Vanguard Group Inc. owned about 4.38% of Dorian LPG worth $45,635,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new position in shares of Dorian LPG in the third quarter valued at approximately $41,000. Sunbelt Securities Inc. bought a new position in shares of Dorian LPG in the third quarter valued at approximately $41,000. NewEdge Advisors LLC grew its holdings in shares of Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 1,315 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Dorian LPG by 429.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after acquiring an additional 1,340 shares in the last quarter. Finally, Caitlin John LLC bought a new position in shares of Dorian LPG in the third quarter valued at approximately $52,000. 62.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other Dorian LPG news, CFO Theodore B. Young sold 10,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $34.84, for a total transaction of $348,400.00. Following the sale, the chief financial officer owned 122,926 shares in the company, valued at $4,282,741.84. This represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 13.60% of the stock is currently owned by corporate insiders.

Dorian LPG Trading Down 0.0%

NYSE:LPG opened at $40.85 on Friday. The company has a market cap of $1.75 billion, a P/E ratio of 14.38 and a beta of 0.63. The stock’s fifty day moving average price is $35.57 and its two-hundred day moving average price is $30.78. Dorian LPG Ltd. has a 1 year low of $20.03 and a 1 year high of $41.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 2.40.

Dorian LPG Announces Dividend

The business also recently announced a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be given a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th. Dorian LPG’s dividend payout ratio is currently 35.21%.

Dorian LPG Profile

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.