Dorian LPG Ltd. (NYSE:LPG) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in Dorian LPG Ltd. (NYSE:LPG) by 87.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,754 shares of the shipping company’s stock after purchasing an additional 76,334 shares during the quarter. Victory Capital Management Inc. owned 0.38% of Dorian LPG worth $5,636,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LPG. Olympiad Research LP grew its stake in Dorian LPG by 324.6% during the 3rd quarter. Olympiad Research LP now owns 23,129 shares of the shipping company’s stock worth $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 3rd quarter. Farther Finance Advisors LLC now owns 20,577 shares of the shipping company’s stock valued at $708,000 after purchasing an additional 10,229 shares during the period. New York State Teachers Retirement System raised its stake in 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 acquiring an additional 394 shares during the last quarter. State of Alaska Department of Revenue raised its stake in 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 acquiring an additional 652 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Dorian LPG during the 3rd quarter valued at approximately $2,238,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Performance

NYSE LPG opened at $25.74 on Friday. Dorian LPG Ltd. has a 1-year low of $24.91 and a 1-year high of $51.66. The company has a market capitalization of $1.10 billion, a P/E ratio of 4.36 and a beta of 1.00. The business has a 50 day moving average price of $31.49 and a 200 day moving average price of $37.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20.

Dorian LPG (NYSE:LPG) last announced its earnings results 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 company had revenue of $82.40 million for the quarter, compared to analyst estimates of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. Dorian LPG’s quarterly revenue was down 43.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.85 EPS. Sell-side analysts expect that Dorian LPG Ltd. will post 3.45 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently declared 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’s dividend payout ratio (DPR) is presently 16.95%.

Analysts Set New Price Targets

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.

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.