California State Teachers Retirement System Sells 14,394 Shares of Dorian LPG Ltd. (NYSE:LPG)

California State Teachers Retirement System trimmed its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 25.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,224 shares of the shipping company’s stock after selling 14,394 shares during the quarter. California State Teachers Retirement System owned 0.10% of Dorian LPG worth $582,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Factorial Partners LLC grew its stake in shares of Dorian LPG by 9.4% during the 2nd quarter. Factorial Partners LLC now owns 34,804 shares of the shipping company’s stock worth $491,000 after acquiring an additional 3,000 shares in the last quarter. Public Sector Pension Investment Board grew its stake in shares of Dorian LPG by 5.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 61,225 shares of the shipping company’s stock worth $864,000 after acquiring an additional 3,385 shares in the last quarter. Credit Suisse AG grew its stake in shares of Dorian LPG by 21.4% during the 2nd quarter. Credit Suisse AG now owns 20,625 shares of the shipping company’s stock worth $295,000 after acquiring an additional 3,639 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Dorian LPG by 52.1% during the 2nd quarter. Bank of Montreal Can now owns 13,362 shares of the shipping company’s stock worth $192,000 after acquiring an additional 4,578 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Dorian LPG by 51.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 16,735 shares of the shipping company’s stock worth $236,000 after acquiring an additional 5,710 shares in the last quarter. 85.28% of the stock is owned by institutional investors and hedge funds.

Shares of Dorian LPG stock opened at $12.51 on Monday. The firm’s fifty day simple moving average is $12.59. Dorian LPG Ltd. has a 1 year low of $10.30 and a 1 year high of $15.68. The firm has a market cap of $502.15 million, a P/E ratio of 5.87 and a beta of 1.30. The company has a quick ratio of 1.50, a current ratio of 1.52 and a debt-to-equity ratio of 0.55.

Dorian LPG (NYSE:LPG) last posted its earnings results on Wednesday, November 3rd. The shipping company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. Dorian LPG had a return on equity of 9.61% and a net margin of 31.78%.

In other news, EVP Alexander C. Hadjipateras sold 5,000 shares of Dorian LPG stock in a transaction on Thursday, September 9th. The stock was sold at an average price of $12.95, for a total transaction of $64,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 28.60% of the stock is currently owned by company insiders.

Separately, UBS Group initiated coverage on shares of Dorian LPG in a research note on Friday, August 27th. They set a “buy” rating and a $19.00 price target for the company.

Dorian LPG Profile

Dorian LPG Ltd. is a holding company which engages in the transportation of liquefied petroleum gas. It focus on managing gas carriers and developing customer services. The firm also offers in-house commercial and technical management services to vessels in their fleet and vessels deployed in the Helios Pool.

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