Zurcher Kantonalbank Zurich Cantonalbank Decreases Stock Position in Dorian LPG Ltd. $LPG

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Dorian LPG Ltd. (NYSE:LPG) by 42.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,809 shares of the shipping company’s stock after selling 13,285 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dorian LPG were worth $433,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Dorian LPG by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company’s stock worth $483,000 after purchasing an additional 914 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after purchasing an additional 1,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Dorian LPG by 50.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,039 shares of the shipping company’s stock worth $3,977,000 after purchasing an additional 59,311 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Dorian LPG by 130.6% in the first quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company’s stock worth $2,990,000 after purchasing an additional 75,818 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Dorian LPG by 12.7% in the second quarter. Cetera Investment Advisers now owns 13,613 shares of the shipping company’s stock worth $332,000 after purchasing an additional 1,539 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Insiders Place Their Bets

In other Dorian LPG news, CFO Theodore B. Young sold 10,000 shares of Dorian LPG stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $34.84, for a total transaction of $348,400.00. Following the sale, the chief financial officer directly owned 122,926 shares of the company’s stock, valued at approximately $4,282,741.84. The trade was a 7.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 13.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LPG. Jefferies Financial Group began coverage on Dorian LPG in a research note on Friday, April 24th. They issued a “buy” rating and a $42.00 target price on the stock. Wall Street Zen cut Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. Dnb Carnegie cut Dorian LPG from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dorian LPG in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $42.00.

Dorian LPG Stock Performance

Dorian LPG stock opened at $39.15 on Monday. The stock’s 50 day simple moving average is $34.85 and its two-hundred day simple moving average is $29.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 13.79 and a beta of 0.63. Dorian LPG Ltd. has a fifty-two week low of $20.03 and a fifty-two week high of $39.45.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Wednesday, February 4th. The shipping company reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.06). The firm had revenue of $119.96 million for the quarter, compared to the consensus estimate of $115.15 million. Dorian LPG had a net margin of 29.88% and a return on equity of 11.82%. The business’s revenue was up 48.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share.

Dorian LPG Profile

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.