Dorian LPG Ltd. (NYSE:LPG) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,672 shares of the shipping company’s stock after purchasing an additional 652 shares during the quarter. State of Alaska Department of Revenue owned 0.05% of Dorian LPG worth $711,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Louisiana State Employees Retirement System lifted its holdings in shares of Dorian LPG by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the shipping company’s stock worth $722,000 after purchasing an additional 300 shares during the period. Gallacher Capital Management LLC raised its position in Dorian LPG by 4.9% during the second quarter. Gallacher Capital Management LLC now owns 7,355 shares of the shipping company’s stock valued at $309,000 after acquiring an additional 343 shares in the last quarter. Quarry LP raised its position in Dorian LPG by 57.8% during the second quarter. Quarry LP now owns 942 shares of the shipping company’s stock valued at $40,000 after acquiring an additional 345 shares in the last quarter. Texas Permanent School Fund Corp raised its position in Dorian LPG by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 29,842 shares of the shipping company’s stock valued at $1,148,000 after acquiring an additional 375 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Dorian LPG by 2.3% during the second quarter. The Manufacturers Life Insurance Company now owns 17,511 shares of the shipping company’s stock valued at $735,000 after acquiring an additional 389 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Dorian LPG Stock Up 3.0 %

Shares of LPG stock opened at $28.17 on Thursday. The stock has a 50 day moving average of $33.83 and a 200 day moving average of $39.04. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48. The stock has a market cap of $1.21 billion, a P/E ratio of 4.77 and a beta of 1.00. Dorian LPG Ltd. has a twelve month low of $26.92 and a twelve month high of $51.66.

Dorian LPG (NYSE:LPG) last posted 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 net margin of 47.87% and a return on equity of 23.75%. The firm’s quarterly revenue was down 43.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.85 earnings per share. As a group, sell-side analysts expect that Dorian LPG Ltd. will post 3.45 EPS for the current year.

Dorian LPG Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, November 5th.

About Dorian LPG

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.