Dorian LPG Ltd. (NYSE:LPG) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 14.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,574 shares of the shipping company’s stock after buying an additional 25,343 shares during the period. JPMorgan Chase & Co. owned approximately 0.46% of Dorian LPG worth $6,800,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quarry LP increased its holdings in shares of 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. Point72 Asia Singapore Pte. Ltd. increased its stake in Dorian LPG by 126.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock valued at $52,000 after purchasing an additional 697 shares in the last quarter. CWM LLC raised its holdings in shares of Dorian LPG by 285.4% in the third quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock worth $71,000 after buying an additional 1,524 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of Dorian LPG during the second quarter worth $289,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Dorian LPG by 7.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,446 shares of the shipping company’s stock valued at $325,000 after acquiring an additional 692 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Stock Performance

LPG opened at $26.99 on Thursday. 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 12-month low of $22.46 and a 12-month high of $51.66. The firm has a 50 day moving average of $24.88 and a two-hundred day moving average of $32.38. The firm has a market capitalization of $1.16 billion, a PE ratio of 4.57 and a beta of 0.93.

Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.17). Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The business had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $82.40 million. During the same period last year, the business earned $1.85 EPS. The company’s revenue for the quarter was down 43.1% on a year-over-year basis. On average, analysts anticipate that Dorian LPG Ltd. will post 3.45 EPS for the current year.

Dorian LPG Announces Dividend

The business also recently announced a dividend, which was paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th were paid a $1.00 dividend. The ex-dividend date was Tuesday, November 5th. Dorian LPG’s payout ratio is 16.95%.

Analyst Upgrades and Downgrades

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