Dorian LPG Ltd. (NYSE:LPG) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 87.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 163,754 shares of the shipping company's stock after purchasing an additional 76,334 shares during the quarter. Victory Capital Management Inc. owned 0.38% of Dorian LPG worth $5,636,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. lifted its position in Dorian LPG by 22.4% during the second quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company's stock valued at $128,547,000 after purchasing an additional 560,325 shares during the period. Marshall Wace LLP boosted its stake in shares of Dorian LPG by 435.3% in the second quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company's stock worth $19,181,000 after buying an additional 371,724 shares during the last quarter. Vanguard Group Inc. grew its holdings in Dorian LPG by 16.7% during the first quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company's stock worth $82,067,000 after acquiring an additional 305,818 shares during the period. Price T Rowe Associates Inc. MD raised its position in Dorian LPG by 844.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company's stock valued at $8,653,000 after acquiring an additional 201,134 shares in the last quarter. Finally, PEAK6 Investments LLC acquired a new position in Dorian LPG in the first quarter valued at approximately $6,851,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Dorian LPG Price Performance

Shares of LPG stock traded up $0.53 during mid-day trading on Friday, hitting $25.74. 599,014 shares of the stock were exchanged, compared to its average volume of 760,044. Dorian LPG Ltd. has a 52-week low of $24.91 and a 52-week high of $51.66. The company has a quick ratio of 4.20, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.10 billion, a PE ratio of 4.36 and a beta of 1.00. The firm has a fifty day moving average of $31.49 and a 200 day moving average of $37.75.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.35 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 analyst estimates of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The firm's revenue for the quarter was down 43.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 earnings per share. Research analysts anticipate that Dorian LPG Ltd. will post 3.45 earnings per share for the current year.

Dorian LPG Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 25th. Shareholders of record on Tuesday, November 5th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, November 5th.

Dorian LPG Profile

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.