State Street Corp Increases Stock Holdings in Dorian LPG Ltd. (NYSE:LPG)

State Street Corp increased its holdings in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,357,420 shares of the shipping company's stock after acquiring an additional 47,780 shares during the period. State Street Corp owned about 3.17% of Dorian LPG worth $46,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in Dorian LPG by 22.4% in the second quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company's stock worth $128,547,000 after acquiring an additional 560,325 shares during the period. Marshall Wace LLP increased its stake in shares of Dorian LPG by 435.3% during 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 during the last quarter. American Century Companies Inc. raised its holdings in shares of Dorian LPG by 14.2% in the 2nd quarter. American Century Companies Inc. now owns 1,063,865 shares of the shipping company's stock worth $44,640,000 after purchasing an additional 132,542 shares during the period. Empowered Funds LLC lifted its stake in Dorian LPG by 52.2% in the third quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company's stock valued at $9,997,000 after purchasing an additional 99,650 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Dorian LPG by 87.3% during the third quarter. Victory Capital Management Inc. now owns 163,754 shares of the shipping company's stock valued at $5,636,000 after purchasing an additional 76,334 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Dorian LPG Stock Performance

NYSE:LPG traded down $0.20 on Friday, reaching $22.97. 3,038,323 shares of the company's stock were exchanged, compared to its average volume of 762,620. The firm has a market cap of $983.21 million, a price-to-earnings ratio of 3.89 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20. The stock has a fifty day simple moving average of $27.25 and a 200-day simple moving average of $34.91. Dorian LPG Ltd. has a 52 week low of $22.46 and a 52 week high of $51.66.

Dorian LPG (NYSE:LPG - Get Free Report) last released 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). Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The business had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. During the same period last year, the business posted $1.85 earnings per share. The firm's quarterly revenue was down 43.1% on a year-over-year basis. As a group, sell-side 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 declared a dividend, which was paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. Dorian LPG's dividend payout ratio (DPR) is presently 16.95%.

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.