Los Angeles Capital Management LLC lessened its holdings in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 68.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,927 shares of the shipping company's stock after selling 36,474 shares during the quarter. Los Angeles Capital Management LLC's holdings in Dorian LPG were worth $583,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of LPG. Pacer Advisors Inc. raised its stake in shares of Dorian LPG by 22.4% during the 2nd quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company's stock valued at $128,547,000 after buying an additional 560,325 shares during the last quarter. Vanguard Group Inc. raised its position 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 valued at $82,067,000 after acquiring an additional 305,818 shares in the last quarter. American Century Companies Inc. lifted its holdings in Dorian LPG by 14.2% in the second quarter. American Century Companies Inc. now owns 1,063,865 shares of the shipping company's stock valued at $44,640,000 after acquiring an additional 132,542 shares during the period. Marshall Wace LLP boosted its position in Dorian LPG by 435.3% in the 2nd quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company's stock worth $19,181,000 after purchasing an additional 371,724 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of Dorian LPG by 5.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 281,475 shares of the shipping company's stock worth $11,811,000 after purchasing an additional 14,600 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.
Dorian LPG Price Performance
Shares of NYSE:LPG traded down $1.55 during trading on Friday, reaching $26.00. 631,320 shares of the company's stock traded hands, compared to its average volume of 684,411. The firm has a market cap of $1.11 billion, a PE ratio of 4.41 and a beta of 1.00. Dorian LPG Ltd. has a fifty-two week low of $25.80 and a fifty-two 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 50-day simple moving average of $32.38 and a 200-day simple moving average of $38.32.
Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings data 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 net margin of 47.87% and a return on equity of 23.75%. The business had revenue of $82.40 million during the quarter, compared to analysts' expectations of $82.40 million. During the same quarter last year, the firm earned $1.85 earnings per share. The firm's quarterly revenue was down 43.1% compared to the same quarter last year. As a group, analysts predict 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 issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, November 5th. Dorian LPG's payout ratio is 16.95%.
Analysts Set New Price Targets
Separately, Jefferies Financial Group reiterated a "buy" rating and issued a $42.00 target price on shares of Dorian LPG in a research note on Thursday, October 31st.
View Our Latest Stock Report on LPG
Dorian LPG Profile
(
Free Report)
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.
Featured Articles
Before you consider Dorian LPG, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dorian LPG wasn't on the list.
While Dorian LPG currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
