Empowered Funds LLC Buys 99,650 Shares of Dorian LPG Ltd. (NYSE:LPG)

Empowered Funds LLC increased its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 52.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,445 shares of the shipping company's stock after purchasing an additional 99,650 shares during the period. Empowered Funds LLC owned approximately 0.68% of Dorian LPG worth $9,997,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Beacon Capital Management LLC bought a new position in Dorian LPG during the 1st quarter valued at $27,000. Quarry LP lifted its stake 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 in the last quarter. GAMMA Investing LLC lifted its stake in Dorian LPG by 60.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company's stock valued at $44,000 after acquiring an additional 395 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Dorian LPG by 126.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company's stock valued at $52,000 after acquiring an additional 697 shares in the last quarter. Finally, CWM LLC lifted its stake in Dorian LPG by 285.4% during the 3rd quarter. CWM LLC now owns 2,058 shares of the shipping company's stock valued at $71,000 after acquiring an additional 1,524 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated 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 Stock Performance

Shares of Dorian LPG stock traded down $1.55 during trading hours on Friday, hitting $26.00. 631,320 shares of the company's stock traded hands, compared to its average volume of 756,546. Dorian LPG Ltd. has a 12-month low of $25.80 and a 12-month high of $51.66. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 4.41 and a beta of 1.00. The company has a fifty day simple moving average of $32.38 and a 200-day simple moving average of $38.34. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its 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). Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The business had revenue of $82.40 million for the quarter, compared to analysts' expectations of $82.40 million. During the same period in the prior year, the business earned $1.85 earnings per share. The company's revenue for the quarter was down 43.1% compared to the same quarter last year. Equities research analysts anticipate that Dorian LPG Ltd. will post 3.45 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

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 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.