Empowered Funds LLC Grows Stock Position in Dorian LPG Ltd. (NYSE:LPG)

Empowered Funds LLC increased its holdings in Dorian LPG Ltd. (NYSE:LPG) by 52.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 290,445 shares of the shipping company’s stock after buying an additional 99,650 shares during the quarter. Empowered Funds LLC’s holdings in Dorian LPG were worth $9,997,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Dorian LPG by 87.3% in the third quarter. Victory Capital Management Inc. now owns 163,754 shares of the shipping company’s stock worth $5,636,000 after buying an additional 76,334 shares during the period. Olympiad Research LP lifted its holdings in Dorian LPG by 324.6% during the third quarter. Olympiad Research LP now owns 23,129 shares of the shipping company’s stock valued at $796,000 after purchasing an additional 17,682 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Dorian LPG by 98.9% in the third quarter. Farther Finance Advisors LLC now owns 20,577 shares of the shipping company’s stock worth $708,000 after purchasing an additional 10,229 shares during the period. New York State Teachers Retirement System raised its position in shares of Dorian LPG by 1.9% during the 3rd quarter. New York State Teachers Retirement System now owns 21,640 shares of the shipping company’s stock valued at $745,000 after purchasing an additional 394 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of Dorian LPG by 3.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 20,672 shares of the shipping company’s stock valued at $711,000 after buying an additional 652 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and set a $42.00 target price on shares of Dorian LPG in a research note on Thursday, October 31st.

Dorian LPG Trading Down 5.6 %

LPG stock opened at $26.00 on Friday. The firm has a market cap of $1.11 billion, a PE ratio of 4.41 and a beta of 1.00. The firm has a fifty day moving average price of $32.38 and a 200 day moving average price of $38.34. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22. Dorian LPG Ltd. has a fifty-two week low of $25.80 and a fifty-two week high of $51.66.

Dorian LPG (NYSE:LPG) last issued 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). The business had revenue of $82.40 million during the quarter, compared to analysts’ expectations of $82.40 million. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The business’s quarterly revenue was down 43.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 earnings per share. Sell-side analysts anticipate that Dorian LPG Ltd. will post 3.45 earnings per share for the current fiscal 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 given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, November 5th.

Dorian LPG Company 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.