Victory Capital Management Inc. decreased its position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 12.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 157,827 shares of the shipping company's stock after selling 22,874 shares during the quarter. Victory Capital Management Inc. owned approximately 0.37% of Dorian LPG worth $3,526,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in LPG. Arizona State Retirement System lifted its holdings in Dorian LPG by 4.8% during the 1st quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company's stock worth $261,000 after purchasing an additional 532 shares in the last quarter. Franklin Resources Inc. grew its holdings in Dorian LPG by 2.5% during the 4th quarter. Franklin Resources Inc. now owns 22,593 shares of the shipping company's stock valued at $551,000 after buying an additional 545 shares in the last quarter. Voya Investment Management LLC increased 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 valued at $385,000 after buying an additional 572 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Dorian LPG by 3.3% in the first quarter. SummerHaven Investment Management LLC now owns 18,929 shares of the shipping company's stock worth $423,000 after buying an additional 598 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Dorian LPG by 3.1% in the fourth quarter. Russell Investments Group Ltd. now owns 21,911 shares of the shipping company's stock valued at $534,000 after acquiring an additional 657 shares during the period. Institutional investors own 62.50% of the company's stock.
Dorian LPG Price Performance
Shares of NYSE LPG opened at $29.00 on Monday. The stock's 50-day simple moving average is $24.96 and its two-hundred day simple moving average is $23.18. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $42.38. The firm has a market capitalization of $1.24 billion, a P/E ratio of 13.43 and a beta of 0.77. The company has a quick ratio of 3.52, a current ratio of 3.54 and a debt-to-equity ratio of 0.48.
Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The shipping company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. The company had revenue of $75.89 million for the quarter, compared to analysts' expectations of $79.04 million. Dorian LPG had a net margin of 25.52% and a return on equity of 8.88%. Dorian LPG's revenue for the quarter was down 46.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.91 earnings per share. As a group, equities analysts anticipate that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.
Dorian LPG Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a dividend of $0.50 per share. This represents a dividend yield of 13.5%. The ex-dividend date was Friday, May 16th.
Analyst Ratings Changes
A number of research firms recently weighed in on LPG. Wall Street Zen raised shares of Dorian LPG from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Jefferies Financial Group boosted their price target on shares of Dorian LPG from $33.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, July 11th.
Check Out Our Latest Stock Report on Dorian LPG
Dorian LPG Profile
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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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