Geode Capital Management LLC Acquires 80,757 Shares of Dorian LPG Ltd. (NYSE:LPG)

Geode Capital Management LLC increased its stake in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 9.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 964,222 shares of the shipping company's stock after purchasing an additional 80,757 shares during the period. Geode Capital Management LLC owned approximately 2.25% of Dorian LPG worth $33,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Dorian LPG by 7.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company's stock worth $16,238,000 after acquiring an additional 34,344 shares in the last quarter. Cynosure Group LLC raised its stake in shares of Dorian LPG by 248.0% during the 3rd quarter. Cynosure Group LLC now owns 31,655 shares of the shipping company's stock worth $1,090,000 after purchasing an additional 22,560 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Dorian LPG by 52.2% in the 3rd quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company's stock valued at $9,997,000 after buying an additional 99,650 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Dorian LPG in the 3rd quarter valued at approximately $2,238,000. Finally, Pacer Advisors Inc. increased its holdings in Dorian LPG by 11.5% during the third quarter. Pacer Advisors Inc. now owns 3,416,004 shares of the shipping company's stock worth $117,579,000 after buying an additional 352,453 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Dorian LPG Stock Performance

Shares of NYSE LPG traded down $0.38 during mid-day trading on Thursday, reaching $23.97. 683,627 shares of the company were exchanged, compared to its average volume of 760,767. Dorian LPG Ltd. has a twelve month low of $22.46 and a twelve month high of $51.66. The stock has a market capitalization of $1.03 billion, a P/E ratio of 4.06 and a beta of 0.93. The company's 50-day simple moving average is $26.43 and its 200-day simple moving average is $34.16. The company has a quick ratio of 4.20, a current ratio of 4.22 and a debt-to-equity ratio of 0.48.

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 the consensus estimate of $0.52 by ($0.17). The firm had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. Dorian LPG's quarterly revenue was down 43.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 earnings per share. As a group, research analysts predict that Dorian LPG Ltd. will post 3.45 earnings per share for the current year.

Dorian LPG Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th were issued a dividend of $1.00 per share. The ex-dividend date was Tuesday, November 5th.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued 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 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.