DORIAN LPG Reports Increase in Exchange Traded Concepts LLC Holdings

Trending News ☀️

DORIAN LPG ($NYSE:LPG) Ltd. is a global owner and operator of very large gas carriers (VLGCs) with a fleet of modern and eco-friendly vessels. It is one of the largest operators in the VLGC sector and has a strong presence in international markets. ETC is a leading provider of exchange traded funds and exchange traded products. This news comes as a welcome development for Dorian LPG shareholders who have seen their stock prices increase over the past few months, as the company has been expanding its global footprint and expanding into new markets, such as the United States.

Dorian LPG’s strategic efforts to explore new market opportunities and capitalize on existing ones have been well received by investors, leading to a steady rise in its stock price. With the news of ETC’s increased holdings in the company, Dorian LPG looks poised to continue its growth trajectory, as it will benefit from the additional capital and resources that ETC’s investment brings.

Price History

On Wednesday, DORIAN LPG reported that Exchange Traded Concepts LLC had increased its holdings of DORIAN LPG stock. The increase in holdings was evident in the stock market as DORIAN LPG’s stock opened at $20.2 and closed at $20.8, marking an increase of 3.0% from the previous closing price of $20.2. This indicates that investors have confidence in DORIAN LPG as a company and are willing to invest further in its success. The change in Exchange Traded Concepts LLC’s holdings could be a sign of greater things to come for DORIAN LPG. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Dorian Lpg. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Dorian Lpg. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Dorian Lpg. More…

Key Ratios Snapshot

Some of the financial key ratios for Dorian Lpg are shown below. More…

Analysis

GoodWhale recently conducted an analysis of DORIAN LPG‘s wellbeing. Our analysis revealed that DORIAN LPG is classified as a ‘cheetah’ type of company; one which achieved high revenue or earnings growth but is considered less stable due to lower profitability. As such, investors looking to take on higher risk may be interested in such a company. Our analysis also showed that DORIAN LPG is strong in growth and medium in asset, dividend, and profitability. Furthermore, its health score of 8/10 with regard to its cashflows and debt suggest that the company is capable to safely ride out any crisis without the risk of bankruptcy. More…

Peers

The global liquefied petroleum gas (LPG) market is expected to grow at a CAGR of over 5% during the period 2019–2024. The LPG market is highly competitive with the presence of several large and small players. The four largest players in the market are Dorian LPG Ltd, Navigator Holdings Ltd, Avance Gas Holding Ltd, and Exmar NV, which together accounted for a market share of around 40% in 2018. The company has a strong presence in all major LPG shipping regions, including the Atlantic Basin, the Mediterranean, the Far East, and Australia. Navigator Holdings Ltd is a leading global provider of seaborne transportation solutions for liquefied petroleum gas (LPG). The company has a modern and efficient fleet of Very Large Gas Carriers (VLGCs), which it uses to transport LPG to its customers around the world. Avance Gas Holding Ltd is a leading global provider of seaborne transportation solutions for liquefied petroleum gas (LPG). The company has a modern and efficient fleet of Very Large Gas Carriers (VLGCs), which it uses to transport LPG to its customers around the world. Exmar NV is a leading global provider of seaborne transportation solutions for liquefied petroleum gas (LPG). The company has a modern and efficient fleet of Very Large Gas Carriers (VLGCs), which it uses to transport LPG to its customers around the world.

– Navigator Holdings Ltd ($NYSE:NVGS)

Navigator Holdings Ltd owns and operates a fleet of very large ethane and liquefied petroleum gas carriers. As of March 31, 2021, the company’s operated fleet consisted of 44 vessels. It serves energy companies, refiners, and chemical producers in the United States, Europe, Asia, and South America.

– Avance Gas Holding Ltd ($OTCPK:AVACF)

As of 2022, Avance Gas Holding Ltd has a market cap of 435M and a Return on Equity of 7.85%. The company is a leading provider of liquefied petroleum gas (LPG) transportation and storage services. It operates a fleet of LPG carriers and has a global customer base. The company is headquartered in Singapore.

– Exmar NV ($LTS:0EEV)

Exmar NV is a Belgian shipping company that was founded in Antwerp in 1892. The company is involved in the maritime transportation of crude oil, natural gas, and petrochemicals. As of 2022, Exmar NV had a market capitalization of 561.39 million euros and a return on equity of 0.89%. The company’s fleet consists of approximately 60 vessels, including crude oil tankers, liquefied natural gas carriers, and floating storage units.

Summary

Dorian LPG Ltd. is a publicly traded company that has seen its stock price steadily rise over the past quarter. Exchange Traded Concepts LLC recently increased their stake in Dorian LPG by 3.2%, indicating that the company has seen positive returns on their investments. This increase in investment activity could be seen as a positive sign for investors, as it likely signals that the company’s future performance is projected to be strong.

While the exact impact of this increase in investment activity on Dorian LPG’s stock price is not yet known, it could hint at a possible surge in the near future. Investors should remain vigilant and keep an eye out for further developments.