Pacer Advisors Inc. Raises Stock Holdings in Dorian LPG Ltd. (NYSE:LPG)

Pacer Advisors Inc. lifted its holdings in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 11.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,416,004 shares of the shipping company's stock after purchasing an additional 352,453 shares during the period. Pacer Advisors Inc. owned about 7.98% of Dorian LPG worth $117,579,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its stake in Dorian LPG by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the shipping company's stock valued at $722,000 after buying an additional 300 shares in the last quarter. Gallacher Capital Management LLC lifted its stake in Dorian LPG by 4.9% in the second quarter. Gallacher Capital Management LLC now owns 7,355 shares of the shipping company's stock worth $309,000 after purchasing an additional 343 shares during the last quarter. Quarry LP boosted its holdings in Dorian LPG by 57.8% during the 2nd quarter. Quarry LP now owns 942 shares of the shipping company's stock valued at $40,000 after acquiring an additional 345 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Dorian LPG by 2.3% in the second quarter. The Manufacturers Life Insurance Company now owns 17,511 shares of the shipping company's stock worth $735,000 after purchasing an additional 389 shares during the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of Dorian LPG by 1.9% during the third quarter. New York State Teachers Retirement System now owns 21,640 shares of the shipping company's stock valued at $745,000 after acquiring an additional 394 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

Dorian LPG Stock Up 2.1 %

LPG traded up $0.53 during trading on Friday, reaching $25.74. The stock had a trading volume of 598,381 shares, compared to its average volume of 757,921. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48. The stock's 50 day moving average is $31.49 and its two-hundred day moving average is $37.78. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 4.36 and a beta of 1.00. Dorian LPG Ltd. has a one year low of $24.91 and a one year high of $51.66.

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

Dorian LPG Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, November 25th. Investors of record on Tuesday, November 5th will be issued a $1.00 dividend. The ex-dividend date is Tuesday, November 5th. Dorian LPG's payout ratio is currently 16.95%.

Wall Street Analyst Weigh In

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

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.