Arkadios Wealth Advisors Trims Stake in Dorian LPG Ltd. (NYSE:LPG)

Arkadios Wealth Advisors cut its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 6.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,900 shares of the shipping company’s stock after selling 385 shares during the quarter. Arkadios Wealth Advisors’ holdings in Dorian LPG were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Pacer Advisors Inc. boosted its stake in Dorian LPG by 22.4% during the second quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company’s stock worth $128,547,000 after buying an additional 560,325 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Dorian LPG by 16.7% in the 1st quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock worth $82,067,000 after acquiring an additional 305,818 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Dorian LPG by 14.2% during the 2nd quarter. American Century Companies Inc. now owns 1,063,865 shares of the shipping company’s stock worth $44,640,000 after purchasing an additional 132,542 shares during the period. Marshall Wace LLP increased its holdings in Dorian LPG by 435.3% in the 2nd quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company’s stock valued at $19,181,000 after purchasing an additional 371,724 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in Dorian LPG by 5.5% in the second 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. 62.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and set a $42.00 price target on shares of Dorian LPG in a research report on Thursday.

Insiders Place Their Bets

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of Dorian LPG stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $36.12, for a total value of $90,300.00. Following the completion of the transaction, the chief operating officer now owns 82,823 shares in the company, valued at approximately $2,991,566.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.90% of the stock is owned by company insiders.

Dorian LPG Stock Down 2.4 %

Shares of LPG opened at $28.87 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.58 and a current ratio of 4.60. The stock has a market capitalization of $1.17 billion, a PE ratio of 3.80 and a beta of 0.98. The company’s 50-day simple moving average is $34.63 and its 200-day simple moving average is $39.35. Dorian LPG Ltd. has a 1 year low of $28.64 and a 1 year high of $51.66.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.26 EPS 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 company had revenue of $114.30 million during the quarter, compared to analysts’ expectations of $113.70 million. During the same quarter last year, the company posted $1.21 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. Analysts forecast that Dorian LPG Ltd. will post 4.13 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, November 25th. Investors of record on Tuesday, November 5th will be paid a dividend of $1.00 per share. The ex-dividend date is Tuesday, November 5th. Dorian LPG’s payout ratio is 13.16%.

Dorian LPG Profile

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