13,424 Shares in Dorian LPG Ltd. (NYSE:LPG) Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in shares of Dorian LPG Ltd. (NYSE:LPG) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,424 shares of the shipping company’s stock, valued at approximately $462,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Dorian LPG by 16.7% during the first quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock valued at $82,067,000 after buying an additional 305,818 shares during the period. Tidal Investments LLC grew its position in Dorian LPG by 18.4% during the 1st quarter. Tidal Investments LLC now owns 18,847 shares of the shipping company’s stock worth $725,000 after acquiring an additional 2,929 shares during the last quarter. GAMMA Investing LLC grew its position in Dorian LPG by 60.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company’s stock worth $44,000 after acquiring an additional 395 shares during the last quarter. Csenge Advisory Group bought a new stake in Dorian LPG in the second quarter valued at approximately $455,000. Finally, ORG Partners LLC bought a new position in shares of Dorian LPG in the second quarter worth approximately $210,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed 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 Price Performance

Shares of LPG opened at $24.39 on Tuesday. The firm has a fifty day simple moving average of $30.24 and a two-hundred day simple moving average of $36.89. The firm has a market cap of $1.04 billion, a PE ratio of 4.13 and a beta of 1.00. 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 Ltd. has a 1-year low of $23.83 and a 1-year high of $51.66.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data 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 company had revenue of $82.40 million for the quarter, compared to the consensus estimate of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The company’s revenue was down 43.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.85 earnings per share. On average, equities analysts anticipate that Dorian LPG Ltd. will post 3.45 EPS for the current year.

Dorian LPG Announces Dividend

The business also recently declared a dividend, which was paid on Monday, November 25th. Investors of record on Tuesday, November 5th were given a $1.00 dividend. The ex-dividend date was Tuesday, November 5th.

Dorian LPG 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.