Pacer Advisors Inc. Acquires 711,313 Shares of Dorian LPG Ltd. (NYSE:LPG)

Pacer Advisors Inc. grew its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 20.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,127,317 shares of the shipping company’s stock after buying an additional 711,313 shares during the period. Pacer Advisors Inc. owned 0.10% of Dorian LPG worth $100,583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its position in Dorian LPG by 3.6% during the 3rd quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock valued at $46,722,000 after acquiring an additional 47,780 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Dorian LPG by 9.1% during the third quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock valued at $33,195,000 after purchasing an additional 80,757 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Dorian LPG by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company’s stock worth $16,238,000 after purchasing an additional 34,344 shares during the period. Empowered Funds LLC raised its holdings in Dorian LPG by 52.2% in the third quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company’s stock worth $9,997,000 after purchasing an additional 99,650 shares in the last quarter. Finally, Vestcor Inc lifted its position in Dorian LPG by 5.6% during the third quarter. Vestcor Inc now owns 275,362 shares of the shipping company’s stock valued at $9,478,000 after buying an additional 14,660 shares during the period. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

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

Dorian LPG Stock Down 2.2 %

Shares of NYSE:LPG opened at $23.68 on Monday. Dorian LPG Ltd. has a 12-month low of $22.46 and a 12-month high of $51.66. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 4.01 and a beta of 0.93. The stock has a fifty day simple moving average of $24.51 and a two-hundred day simple moving average of $31.46. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). The firm had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The business’s revenue for the quarter was down 43.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 EPS. On average, research analysts anticipate that Dorian LPG Ltd. will post 2.84 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 27th. Investors of record on Wednesday, February 5th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, February 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.