Lazard Asset Management LLC Acquires Shares of 64,641 Dorian LPG Ltd. $LPG

Posted by Francis Steltz on Aug 3rd, 2026

Lazard Asset Management LLC acquired a new position in Dorian LPG Ltd. (NYSE:LPG – Free Report) during the first quarter, HoldingsChannel reports. The fund acquired 64,641 shares of the shipping company’s stock, valued at approximately $2,211,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $483,000 after buying an additional 914 shares during the last quarter. NewEdge Advisors LLC lifted its position in Dorian LPG by 1,003.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after buying an additional 1,315 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Dorian LPG by 50.0% during the 1st 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 acquiring an additional 59,311 shares during the last quarter. Jane Street Group LLC grew its holdings in Dorian LPG by 130.6% during the 1st quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company’s stock worth $2,990,000 after acquiring an additional 75,818 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Dorian LPG by 12.7% in the 2nd quarter. Cetera Investment Advisers now owns 13,613 shares of the shipping company’s stock valued at $332,000 after acquiring an additional 1,539 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Price Performance

Shares of LPG stock opened at $47.20 on Monday. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 10.37 and a beta of 0.64. Dorian LPG Ltd. has a 12 month low of $23.76 and a 12 month high of $48.12. The company has a quick ratio of 2.65, a current ratio of 2.67 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average price of $41.34 and a 200 day moving average price of $36.96.

Dorian LPG (NYSE:LPG – Get Free Report) last released its earnings results on Tuesday, May 19th. The shipping company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.48. The company had revenue of $153.27 million for the quarter, compared to the consensus estimate of $128.87 million. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. The company’s revenue was up 102.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.25 EPS.

Dorian LPG Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, August 12th. Investors of record on Monday, July 27th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, July 27th.

Insider Activity at Dorian LPG

In other Dorian LPG news, Director Ted Kalborg sold 15,373 shares of Dorian LPG stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $45.06, for a total transaction of $692,707.38. Following the completion of the sale, the director owned 66,348 shares of the company’s stock, valued at approximately $2,989,640.88. The trade was a 18.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tim Truels Hansen sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total transaction of $707,600.00. Following the sale, the insider owned 157,842 shares of the company’s stock, valued at $5,584,449.96. The trade was a 11.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 13.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LPG. Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings raised shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Jefferies Financial Group boosted their price objective on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Wall Street Zen raised Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Read Our Latest Research Report on Dorian LPG

Dorian LPG Company Profile

(Free Report)

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.