Bridgeway Capital Management LLC raised its holdings in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 2.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 458,653 shares of the shipping company's stock after acquiring an additional 9,544 shares during the quarter. Bridgeway Capital Management LLC owned approximately 1.07% of Dorian LPG worth $10,246,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in shares of Dorian LPG by 4.2% during the first quarter. IFP Advisors Inc now owns 11,914 shares of the shipping company's stock worth $266,000 after buying an additional 477 shares in the last quarter. Moors & Cabot Inc. lifted its position in Dorian LPG by 3.1% during the first quarter. Moors & Cabot Inc. now owns 16,308 shares of the shipping company's stock valued at $364,000 after buying an additional 495 shares in the last quarter. Arizona State Retirement System lifted its position in Dorian LPG by 4.8% during the first quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company's stock valued at $261,000 after buying an additional 532 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Dorian LPG by 3.8% during the fourth quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company's stock worth $385,000 after purchasing an additional 572 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its position in shares of Dorian LPG by 3.3% during the first quarter. SummerHaven Investment Management LLC now owns 18,929 shares of the shipping company's stock worth $423,000 after purchasing an additional 598 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
Dorian LPG Price Performance
LPG stock opened at $30.50 on Thursday. The company has a current ratio of 3.32, a quick ratio of 3.30 and a debt-to-equity ratio of 0.47. Dorian LPG Ltd. has a one year low of $16.66 and a one year high of $37.32. The firm has a market capitalization of $1.30 billion, a PE ratio of 26.53 and a beta of 0.82. The firm has a 50-day moving average of $29.08 and a two-hundred day moving average of $24.37.
Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.34). The company had revenue of $84.21 million during the quarter, compared to analysts' expectations of $86.53 million. Dorian LPG had a return on equity of 5.24% and a net margin of 15.15%.Dorian LPG's revenue for the quarter was down 26.3% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. On average, analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.
Dorian LPG Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend was Tuesday, August 12th.
Analyst Ratings Changes
A number of brokerages recently issued reports on LPG. Wall Street Zen upgraded shares of Dorian LPG from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Jefferies Financial Group increased their target price on shares of Dorian LPG from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $35.00.
Read Our Latest Stock Analysis on Dorian LPG
About Dorian LPG
(
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.
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