Nisa Investment Advisors LLC Has $243,000 Stock Holdings in Dorian LPG Ltd. $LPG

Nisa Investment Advisors LLC lowered its stake in Dorian LPG Ltd. (NYSE:LPG) by 73.4% during the third quarter, Holdings Channel.com reports. The fund owned 8,149 shares of the shipping company’s stock after selling 22,484 shares during the period. Nisa Investment Advisors LLC’s holdings in Dorian LPG were worth $243,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kingstone Capital Partners Texas LLC bought a new stake in Dorian LPG during the second quarter worth $165,210,000. AQR Capital Management LLC increased its stake in shares of Dorian LPG by 236.7% during the 2nd quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock worth $10,373,000 after purchasing an additional 299,107 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Dorian LPG in the 2nd quarter valued at about $6,438,000. Bank of America Corp DE lifted its stake in Dorian LPG by 136.2% in the 2nd quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company’s stock valued at $8,996,000 after purchasing an additional 212,787 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Dorian LPG by 9.4% in the 2nd quarter. American Century Companies Inc. now owns 1,597,563 shares of the shipping company’s stock valued at $38,949,000 after purchasing an additional 136,723 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Insider Buying and Selling at Dorian LPG

In related news, CEO John C. Hadjipateras bought 15,000 shares of Dorian LPG stock in a transaction dated Wednesday, January 7th. The shares were bought at an average cost of $27.30 per share, with a total value of $409,500.00. Following the acquisition, the chief executive officer owned 153,500 shares in the company, valued at $4,190,550. This trade represents a 10.83% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 13.60% of the company’s stock.

Dorian LPG Trading Down 2.5%

Shares of Dorian LPG stock opened at $28.49 on Friday. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $32.79. The stock has a market cap of $1.22 billion, a PE ratio of 12.77 and a beta of 0.59. The firm has a 50-day moving average of $25.49 and a 200-day moving average of $28.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.30 and a current ratio of 3.32.

Dorian LPG (NYSE:LPG) last announced its earnings results on Wednesday, November 5th. The shipping company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.09). Dorian LPG had a return on equity of 9.13% and a net margin of 26.02%.The business had revenue of $124.06 million for the quarter, compared to analyst estimates of $126.99 million. During the same quarter in the previous year, the company earned $0.35 EPS. The business’s revenue for the quarter was up 50.6% on a year-over-year basis. As a group, sell-side analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were paid a dividend of $0.65 per share. This is a boost from Dorian LPG’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. This represents a $2.60 dividend on an annualized basis and a yield of 9.1%. Dorian LPG’s dividend payout ratio is 44.84%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Dorian LPG in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Pareto Securities cut shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Dorian LPG currently has an average rating of “Hold” and a consensus price target of $35.00.

Dorian LPG Company 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.