Latest Stocks: Zacks Investment Research Lowers Dorian LPG Ltd (LPG) to Strong Sell

Latest Stocks: Zacks Investment Research Lowers Dorian LPG Ltd (LPG) to Strong Sell

Zacks Investment Research cut shares of Dorian LPG Ltd (NYSE:LPG) from a hold rating to a strong sell rating in a report issued on Friday, May 12th.

According to Zacks, “Dorian LPG Ltd is a liquefied petroleum gas shipping company. It is primarily focused on owning and operating Very Large Gas Carriers (VLGCs). The Company offers its services worldwide. Dorian LPG Ltd is headquartered in the United States. “

Separately, Pareto Securities raised shares of Dorian LPG from a sell rating to a hold rating in a report on Wednesday, March 1st. Shares of Dorian LPG (NYSE:LPG) opened at 7.95 on Friday. Dorian LPG has a 1-year low of $5.07 and a 1-year high of $12.50. The firm has a market capitalization of $428.12 million, a PE ratio of 25.90 and a beta of 1.49. The firm has a 50-day moving average price of $8.76 and a 200-day moving average price of $9.40.

A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in shares of Dorian LPG by 603.1% in the first quarter. Goldman Sachs Group Inc. now owns 83,468 shares of the shipping company’s stock worth $879,000 after buying an additional 71,597 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of Dorian LPG during the first quarter valued at approximately $12,258,000. KCG Holdings Inc. boosted its stake in shares of Dorian LPG by 102.6% in the first quarter. KCG Holdings Inc. now owns 32,485 shares of the shipping company’s stock valued at $342,000 after buying an additional 16,450 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of Dorian LPG by 32.8% in the first quarter. Citadel Advisors LLC now owns 17,041 shares of the shipping company’s stock valued at $179,000 after buying an additional 4,208 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Dorian LPG by 29.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,331,436 shares of the shipping company’s stock valued at $14,020,000 after buying an additional 299,021 shares in the last quarter. 46.79% of the stock is owned by hedge funds and other institutional investors. About Dorian LPG

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