Royal Bank of Canada Has $261,000 Holdings in Dorian LPG Ltd. (LPG)

Royal Bank of Canada trimmed its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,942 shares of the shipping company’s stock after selling 698 shares during the quarter. Royal Bank of Canada owned about 0.06% of Dorian LPG worth $261,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in Dorian LPG by 15.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,537,638 shares of the shipping company’s stock valued at $12,578,000 after acquiring an additional 206,202 shares during the period. Oppenheimer & Close LLC boosted its holdings in Dorian LPG by 3.7% during the second quarter. Oppenheimer & Close LLC now owns 1,216,943 shares of the shipping company’s stock valued at $9,954,000 after acquiring an additional 43,369 shares during the period. Royce & Associates LP boosted its holdings in Dorian LPG by 41.7% during the second quarter. Royce & Associates LP now owns 1,044,831 shares of the shipping company’s stock valued at $8,547,000 after acquiring an additional 307,597 shares during the period. Global X Management Co. LLC boosted its holdings in Dorian LPG by 22.5% during the second quarter. Global X Management Co. LLC now owns 608,078 shares of the shipping company’s stock valued at $4,974,000 after acquiring an additional 111,551 shares during the period. Finally, Private Management Group Inc. boosted its holdings in Dorian LPG by 3.9% during the second quarter. Private Management Group Inc. now owns 402,003 shares of the shipping company’s stock valued at $3,288,000 after acquiring an additional 14,905 shares during the period. Institutional investors own 46.89% of the company’s stock.

Shares of Dorian LPG Ltd. (NYSE:LPG) opened at $7.80 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62. Dorian LPG Ltd. has a one year low of $6.20 and a one year high of $12.50.

Dorian LPG (NYSE:LPG) last released its earnings results on Friday, November 3rd. The shipping company reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.02. Dorian LPG had a negative net margin of 7.30% and a negative return on equity of 4.06%. The business had revenue of $34.73 million during the quarter, compared to analysts’ expectations of $31.13 million. During the same quarter last year, the company earned ($0.25) earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. equities analysts forecast that Dorian LPG Ltd. will post -0.66 EPS for the current fiscal year.

LPG has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a report on Friday, November 3rd. DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Friday, October 27th. ValuEngine upgraded shares of Dorian LPG from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Finally, BidaskClub cut shares of Dorian LPG from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $8.75.

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About Dorian LPG

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.

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

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