Gotham Asset Management LLC Lowers Position in Dorian LPG Ltd. (NYSE:LPG)

Gotham Asset Management LLC cut its stake in Dorian LPG Ltd. (NYSE:LPG) by 14.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,925 shares of the shipping company’s stock after selling 16,100 shares during the quarter. Gotham Asset Management LLC owned 0.22% of Dorian LPG worth $2,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LPG. Beacon Capital Management LLC raised its stake in shares of Dorian LPG by 61.1% in the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock worth $27,000 after purchasing an additional 428 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Dorian LPG in the fourth quarter worth approximately $37,000. Quarry LP raised its stake in shares of Dorian LPG by 155.3% in the fourth quarter. Quarry LP now owns 2,035 shares of the shipping company’s stock worth $50,000 after purchasing an additional 1,238 shares during the last quarter. KBC Group NV raised its stake in shares of Dorian LPG by 84.6% in the fourth quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock worth $51,000 after purchasing an additional 951 shares during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Dorian LPG in the fourth quarter worth approximately $118,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dorian LPG

In other news, CEO John C. Hadjipateras acquired 12,500 shares of Dorian LPG stock in a transaction on Tuesday, April 8th. The stock was acquired at an average cost of $17.75 per share, with a total value of $221,875.00. Following the completion of the acquisition, the chief executive officer now owns 1,824,386 shares in the company, valued at approximately $32,382,851.50. This trade represents a 0.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LPG. Pareto Securities raised Dorian LPG to a “buy” rating in a research report on Tuesday, February 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $35.00 price target on shares of Dorian LPG in a research report on Friday, January 31st.

Dorian LPG Stock Performance

Shares of LPG opened at $23.72 on Friday. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 6.04 and a beta of 0.71. The stock has a 50 day moving average of $21.32 and a 200 day moving average of $23.32. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $51.66.

Dorian LPG Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.50 per share. This represents a yield of 13.5%. The ex-dividend date of this dividend is Friday, May 16th. Dorian LPG’s dividend payout ratio (DPR) is 25.45%.

About Dorian LPG

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.