Seven Bridges Advisors LLC Sells 4,220 Shares of Dorian LPG Ltd. (LPG)
Seven Bridges Advisors LLC lowered its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 15.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,502 shares of the company’s stock after selling 4,220 shares during the period. Seven Bridges Advisors LLC’s holdings in Dorian LPG were worth $166,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in 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 boosted its stake in 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 boosted its stake in 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 boosted its stake in 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, Goldman Sachs Group Inc. boosted its stake in Dorian LPG by 83.3% in the first quarter. Goldman Sachs Group Inc. now owns 21,912 shares of the company’s stock valued at $206,000 after buying an additional 9,958 shares in the last quarter. 47.99% of the stock is owned by institutional investors and hedge funds.
Shares of Dorian LPG Ltd. (NYSE:LPG) traded up 2.80% on Wednesday, reaching $5.51. The company had a trading volume of 146,304 shares. The firm has a market capitalization of $297.46 million, a price-to-earnings ratio of 2.69 and a beta of 1.06. Dorian LPG Ltd. has a 1-year low of $5.07 and a 1-year high of $13.80. The firm has a 50-day moving average price of $5.85 and a 200 day moving average price of $8.06.
Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The business earned $50.50 million during the quarter, compared to analyst estimates of $34.90 million. Dorian LPG had a net margin of 37.74% and a return on equity of 13.85%. The company’s revenue was up 54.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 earnings per share. Equities research analysts predict that Dorian LPG Ltd. will post ($0.11) earnings per share for the current year.
Several equities research analysts recently commented on LPG shares. Zacks Investment Research raised Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd. ABN Amro lowered Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th.
In other Dorian LPG news, CEO John C. Hadjipateras purchased 20,000 shares of the business’s stock in a transaction on Wednesday, June 29th. The stock was bought at an average cost of $7.39 per share, for a total transaction of $147,800.00. Following the acquisition, the chief executive officer now owns 2,279,744 shares of the company’s stock, valued at approximately $16,847,308.16. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 26.80% of the stock is owned by company insiders.
Dorian LPG Company Profile
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.
Want to see what other hedge funds are holding LPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorian LPG Ltd. (NYSE:LPG).
Receive News & Ratings for Dorian LPG Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorian LPG Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.