Dorian LPG Ltd. (NYSE:LPG) Shares Acquired by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp increased its stake in Dorian LPG Ltd. (NYSE:LPG) by 44.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,996 shares of the shipping company’s stock after acquiring an additional 13,154 shares during the period. Texas Permanent School Fund Corp owned approximately 0.11% of Dorian LPG worth $1,804,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LPG. Vanguard Group Inc. raised its stake in shares of Dorian LPG by 16.7% in the first quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock valued at $82,067,000 after acquiring an additional 305,818 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Dorian LPG by 844.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company’s stock valued at $8,653,000 after acquiring an additional 201,134 shares in the last quarter. PEAK6 Investments LLC acquired a new stake in shares of Dorian LPG in the first quarter valued at $6,851,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Dorian LPG by 149.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 170,187 shares of the shipping company’s stock valued at $7,466,000 after acquiring an additional 101,840 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Dorian LPG by 963.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 97,356 shares of the shipping company’s stock valued at $3,744,000 after acquiring an additional 88,205 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Dorian LPG Stock Down 1.2 %

LPG opened at $35.21 on Thursday. The business’s 50-day simple moving average is $37.83 and its 200-day simple moving average is $40.41. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.58 and a current ratio of 4.60. Dorian LPG Ltd. has a one year low of $25.58 and a one year high of $51.66. The stock has a market capitalization of $1.43 billion, a P/E ratio of 4.63 and a beta of 0.99.

Dorian LPG (NYSE:LPG) last posted its earnings results on Thursday, August 1st. The shipping company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.23. Dorian LPG had a return on equity of 30.64% and a net margin of 54.48%. The business had revenue of $114.30 million for the quarter, compared to analysts’ expectations of $113.70 million. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. Analysts anticipate that Dorian LPG Ltd. will post 4.94 EPS for the current year.

Dorian LPG Dividend Announcement

The company also recently announced a None dividend, which was paid on Wednesday, August 21st. Stockholders of record on Thursday, August 8th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, August 8th. Dorian LPG’s dividend payout ratio (DPR) is currently 13.16%.

Insider Transactions at Dorian LPG

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of Dorian LPG stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $36.12, for a total transaction of $90,300.00. Following the sale, the chief operating officer now owns 82,823 shares in the company, valued at $2,991,566.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 15.90% of the company’s stock.

Analyst Ratings Changes

LPG has been the topic of a number of analyst reports. Jefferies Financial Group raised their price target on Dorian LPG from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. DNB Markets upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, July 3rd.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.