Marshall Wace LLP Has $19.18 Million Stock Holdings in Dorian LPG Ltd. (NYSE:LPG)

Marshall Wace LLP grew its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 435.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 457,119 shares of the shipping company’s stock after purchasing an additional 371,724 shares during the quarter. Marshall Wace LLP owned about 1.13% of Dorian LPG worth $19,181,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Public Sector Pension Investment Board grew its stake in shares of Dorian LPG by 7.3% in the second quarter. Public Sector Pension Investment Board now owns 75,012 shares of the shipping company’s stock valued at $3,148,000 after buying an additional 5,116 shares in the last quarter. Sei Investments Co. acquired a new stake in Dorian LPG in the second quarter valued at $289,000. Pacer Advisors Inc. grew its position in shares of Dorian LPG by 22.4% in the 2nd quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company’s stock valued at $128,547,000 after acquiring an additional 560,325 shares during the period. Inspire Investing LLC increased its stake in shares of Dorian LPG by 164.0% during the 2nd quarter. Inspire Investing LLC now owns 27,721 shares of the shipping company’s stock worth $1,163,000 after purchasing an additional 17,222 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Dorian LPG by 5.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 281,475 shares of the shipping company’s stock valued at $11,811,000 after purchasing an additional 14,600 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Price Performance

Shares of LPG opened at $34.02 on Friday. The company’s 50-day moving average is $37.14 and its 200-day moving average is $40.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.60 and a quick ratio of 4.58. The firm has a market capitalization of $1.38 billion, a PE ratio of 4.48 and a beta of 0.99. Dorian LPG Ltd. has a fifty-two week low of $25.58 and a fifty-two week high of $51.66.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.23. Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%. The firm had revenue of $114.30 million for the quarter, compared to analysts’ expectations of $113.70 million. During the same period in the prior year, the firm earned $1.21 EPS. The business’s revenue was up 2.4% on a year-over-year basis. Equities analysts forecast that Dorian LPG Ltd. will post 4.94 EPS for the current year.

Dorian LPG Dividend Announcement

The company also recently disclosed a None dividend, which was paid on Wednesday, August 21st. Shareholders of record on Thursday, August 8th were issued a $1.00 dividend. The ex-dividend date was Thursday, August 8th. Dorian LPG’s dividend payout ratio is 13.16%.

Analyst Upgrades and Downgrades

Separately, DNB Markets upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, July 3rd.

Insider Buying and Selling at Dorian LPG

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $36.12, for a total value of $90,300.00. Following the completion of the sale, the chief operating officer now owns 82,823 shares of the company’s stock, valued at $2,991,566.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 15.90% of the company’s stock.

Dorian LPG Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.