Teacher Retirement System of Texas bought a new stake in shares of Dorian LPG Ltd (NYSE:LPG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,733 shares of the shipping company’s stock, valued at approximately $159,000.

Other large investors also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in shares of Dorian LPG by 97.1% during the first quarter. BNP Paribas Arbitrage SA now owns 6,103 shares of the shipping company’s stock worth $39,000 after acquiring an additional 3,007 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Dorian LPG by 72.9% during the 4th quarter. Mackenzie Financial Corp now owns 19,100 shares of the shipping company’s stock valued at $111,000 after buying an additional 8,050 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Dorian LPG by 56.1% during the 4th quarter. Bank of America Corp DE now owns 19,717 shares of the shipping company’s stock valued at $115,000 after buying an additional 7,082 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Dorian LPG by 131.5% during the 4th quarter. Citigroup Inc. now owns 22,702 shares of the shipping company’s stock valued at $132,000 after buying an additional 12,897 shares in the last quarter. Finally, Perennial Advisors LLC boosted its stake in Dorian LPG by 1,092.1% in the 1st quarter. Perennial Advisors LLC now owns 23,341 shares of the shipping company’s stock worth $150,000 after purchasing an additional 21,383 shares in the last quarter. 54.92% of the stock is owned by institutional investors.

Shares of NYSE LPG traded down $0.68 during midday trading on Thursday, reaching $7.45. 5,193 shares of the stock traded hands, compared to its average volume of 162,454. The company has a market capitalization of $441.42 million, a P/E ratio of -12.03 and a beta of 0.99. Dorian LPG Ltd has a one year low of $5.26 and a one year high of $8.80. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.14 and a current ratio of 1.17.

In related news, Director Christina Tan acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were bought at an average price of $5.85 per share, with a total value of $29,250.00. Following the completion of the transaction, the director now directly owns 72,729 shares in the company, valued at $425,464.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John C. Hadjipateras acquired 7,500 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were bought at an average cost of $7.73 per share, for a total transaction of $57,975.00. Following the transaction, the insider now owns 141,994 shares of the company’s stock, valued at $1,097,613.62. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 32,500 shares of company stock valued at $215,825. 26.40% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Dorian LPG from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. ValuEngine raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Finally, DNB Markets raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a report on Friday, February 8th.

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Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.

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Institutional Ownership by Quarter for Dorian LPG (NYSE:LPG)

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