Healthcare of Ontario Pension Plan Trust Fund Makes New $1.49 Million Investment in Dorian LPG Ltd. $LPG

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Dorian LPG Ltd. (NYSE:LPG) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 43,600 shares of the shipping company’s stock, valued at approximately $1,491,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LPG. PNC Financial Services Group Inc. increased its position in shares of Dorian LPG by 14.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the shipping company’s stock worth $89,000 after purchasing an additional 318 shares in the last quarter. IHT Wealth Management LLC boosted its position in Dorian LPG by 2.1% in the fourth quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company’s stock valued at $433,000 after buying an additional 365 shares in the last quarter. WINTON GROUP Ltd boosted its position in Dorian LPG by 0.8% in the fourth quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock valued at $1,087,000 after buying an additional 373 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Dorian LPG by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock worth $324,000 after buying an additional 390 shares during the last quarter. Finally, CoreCap Advisors LLC grew its stake in Dorian LPG by 18.7% during the fourth quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock worth $80,000 after buying an additional 514 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

LPG has been the subject of a number of research analyst reports. Pareto Securities reiterated a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Freedom Capital lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Dnb Carnegie raised Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Jefferies Financial Group lifted their price objective on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Dorian LPG presently has an average rating of “Moderate Buy” and an average target price of $55.00.

Insider Activity at Dorian LPG

In other news, insider Tim Truels Hansen sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $35.38, for a total transaction of $707,600.00. Following the completion of the sale, the insider owned 157,842 shares in the company, valued at $5,584,449.96. The trade was a 11.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ted Kalborg sold 15,373 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $45.06, for a total value of $692,707.38. Following the transaction, the director directly owned 66,348 shares in the company, valued at $2,989,640.88. This trade represents a 18.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 13.60% of the company’s stock.

Dorian LPG Stock Up 2.1%

Shares of NYSE:LPG opened at $47.20 on Friday. The company has a quick ratio of 2.65, a current ratio of 2.67 and a debt-to-equity ratio of 0.40. The firm has a market cap of $2.02 billion, a P/E ratio of 10.37 and a beta of 0.66. Dorian LPG Ltd. has a 12 month low of $23.76 and a 12 month high of $48.12. The company’s 50-day moving average price is $41.34 and its two-hundred day moving average price is $36.89.

Dorian LPG (NYSE:LPG) last announced its earnings results on Tuesday, May 19th. The shipping company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.48. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. The company had revenue of $153.27 million during the quarter, compared to the consensus estimate of $128.87 million. During the same period in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 102.0% on a year-over-year basis.

Dorian LPG Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, August 12th. Investors of record on Monday, July 27th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, July 27th.

About Dorian LPG

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.