Emerald Acquisition Ltd. purchased a new stake in Dorian LPG Ltd. (NYSE:LPG) during the second quarter, Holdings Channel reports. The institutional investor purchased 110,200 shares of the company’s stock, valued at approximately $777,000. Emerald Acquisition Ltd. owned approximately 0.20% of Dorian LPG at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Dorian LPG by 6.7% in the first quarter. Wellington Management Group LLP now owns 5,693,622 shares of the company’s stock valued at $53,520,000 after buying an additional 359,411 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Dorian LPG by 7.3% in the first quarter. Geode Capital Management LLC now owns 26,921 shares of the company’s stock valued at $253,000 after buying an additional 1,821 shares in the last quarter. Barclays PLC increased its stake in shares of Dorian LPG by 441.3% in the first quarter. Barclays PLC now owns 184,600 shares of the company’s stock valued at $1,661,000 after buying an additional 150,500 shares in the last quarter. Robotti Robert increased its stake in shares of Dorian LPG by 3.1% in the first quarter. Robotti Robert now owns 25,775 shares of the company’s stock valued at $242,000 after buying an additional 775 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of Dorian LPG during the first quarter valued at $1,724,000. 47.99% of the stock is currently owned by institutional investors.
Dorian LPG Ltd. (NYSE:LPG) traded up 0.46% during midday trading on Friday, hitting $6.50. The stock had a trading volume of 35,095 shares. The stock has a 50 day moving average of $5.87 and a 200 day moving average of $7.57. Dorian LPG Ltd. has a 12 month low of $5.07 and a 12 month high of $13.80. The stock has a market cap of $350.91 million, a price-to-earnings ratio of 3.18 and a beta of 1.02.
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 business earned $50.50 million during the quarter, compared to analysts’ expectations of $34.90 million. During the same period in the previous year, the company posted $0.24 earnings per share. Dorian LPG’s quarterly revenue was up 54.9% on a year-over-year basis. Analysts expect that Dorian LPG Ltd. will post ($0.31) EPS for the current fiscal year.
LPG has been the topic of several analyst reports. ABN Amro downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Zacks Investment Research raised Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 3rd.
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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