Barclays PLC Purchases 50,160 Shares of Dorian LPG Ltd. (NYSE:LPG)

Barclays PLC boosted its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 392.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,935 shares of the shipping company's stock after buying an additional 50,160 shares during the quarter. Barclays PLC owned approximately 0.15% of Dorian LPG worth $2,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of LPG. Quarry LP increased its holdings in shares of Dorian LPG by 57.8% in the second quarter. Quarry LP now owns 942 shares of the shipping company's stock worth $40,000 after buying an additional 345 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in Dorian LPG by 126.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company's stock worth $52,000 after purchasing an additional 697 shares during the period. CWM LLC boosted its stake in shares of Dorian LPG by 285.4% during the third quarter. CWM LLC now owns 2,058 shares of the shipping company's stock valued at $71,000 after purchasing an additional 1,524 shares during the period. Ovata Capital Management Ltd bought a new position in shares of Dorian LPG in the second quarter worth approximately $210,000. Finally, Arkadios Wealth Advisors grew its holdings in shares of Dorian LPG by 18.4% in the second quarter. Arkadios Wealth Advisors now owns 6,285 shares of the shipping company's stock worth $264,000 after purchasing an additional 975 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a "buy" rating and issued a $42.00 price objective on shares of Dorian LPG in a research report on Thursday, October 31st.

Dorian LPG Stock Down 0.3 %

LPG traded down $0.06 on Friday, hitting $23.91. The company had a trading volume of 478,264 shares, compared to its average volume of 759,637. The stock has a fifty day simple moving average of $26.07 and a 200-day simple moving average of $33.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20. The firm has a market capitalization of $1.02 billion, a P/E ratio of 4.05 and a beta of 0.93. Dorian LPG Ltd. has a 52-week low of $22.46 and a 52-week high of $51.66.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.17). The business had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The firm's revenue was down 43.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.85 earnings per share. As a group, equities analysts expect that Dorian LPG Ltd. will post 3.45 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, November 25th. Shareholders of record on Tuesday, November 5th were issued a $1.00 dividend. The ex-dividend date was Tuesday, November 5th. Dorian LPG's payout ratio is 16.95%.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.