JPMorgan Chase & Co. Purchases 25,343 Shares of Dorian LPG Ltd. (NYSE:LPG)

JPMorgan Chase & Co. boosted its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 14.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 197,574 shares of the shipping company's stock after acquiring an additional 25,343 shares during the period. JPMorgan Chase & Co. owned 0.46% of Dorian LPG worth $6,800,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Dorian LPG by 9.1% in the third quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company's stock valued at $33,195,000 after acquiring an additional 80,757 shares during the last quarter. Vestcor Inc boosted its position in shares of Dorian LPG by 5.6% in the 3rd quarter. Vestcor Inc now owns 275,362 shares of the shipping company's stock worth $9,478,000 after purchasing an additional 14,660 shares during the last quarter. Barclays PLC grew its stake in shares of Dorian LPG by 392.6% during the third quarter. Barclays PLC now owns 62,935 shares of the shipping company's stock worth $2,167,000 after purchasing an additional 50,160 shares during the period. Y Intercept Hong Kong Ltd grew its stake in shares of Dorian LPG by 146.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 27,289 shares of the shipping company's stock worth $939,000 after purchasing an additional 16,207 shares during the period. Finally, State Street Corp increased its holdings in Dorian LPG by 3.6% in the third quarter. State Street Corp now owns 1,357,420 shares of the shipping company's stock valued at $46,722,000 after purchasing an additional 47,780 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Dorian LPG Trading Down 6.0 %

Shares of LPG stock traded down $1.61 on Thursday, hitting $25.42. The stock had a trading volume of 738,912 shares, compared to its average volume of 694,989. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48. Dorian LPG Ltd. has a twelve month low of $22.46 and a twelve month high of $51.66. The company has a fifty day moving average price of $24.86 and a two-hundred day moving average price of $32.34. The firm has a market cap of $1.09 billion, a P/E ratio of 4.31 and a beta of 0.93.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 was down 43.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 earnings per share. As a group, analysts forecast that Dorian LPG Ltd. will post 2.84 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

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

Analyst Ratings Changes

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

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.