New York State Teachers Retirement System Grows Stake in Dorian LPG Ltd. (NYSE:LPG)

New York State Teachers Retirement System grew its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,338 shares of the shipping company’s stock after purchasing an additional 2,698 shares during the period. New York State Teachers Retirement System owned approximately 0.06% of Dorian LPG worth $593,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Empowered Funds LLC boosted its stake in Dorian LPG by 10.6% in the 4th quarter. Empowered Funds LLC now owns 321,201 shares of the shipping company’s stock worth $7,828,000 after purchasing an additional 30,756 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in shares of Dorian LPG in the fourth quarter worth $273,000. Heck Capital Advisors LLC acquired a new stake in shares of Dorian LPG during the fourth quarter worth $37,000. Pacer Advisors Inc. grew its holdings in shares of Dorian LPG by 20.8% during the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock valued at $100,583,000 after buying an additional 711,313 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Dorian LPG by 84.6% in the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock valued at $51,000 after acquiring an additional 951 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Price Performance

Shares of LPG opened at $22.60 on Tuesday. The company has a market capitalization of $967.28 million, a P/E ratio of 5.75 and a beta of 0.91. The business’s 50-day moving average is $24.15 and its two-hundred day moving average is $29.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. Dorian LPG Ltd. has a fifty-two week low of $22.10 and a fifty-two week high of $51.66.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. During the same quarter in the previous year, the company earned $2.62 earnings per share. Research analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, February 5th. Dorian LPG’s payout ratio is currently 25.45%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LPG shares. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 price objective on shares of Dorian LPG in a report on Friday, January 31st. Pareto Securities upgraded shares of Dorian LPG to a “buy” rating in a report on Tuesday, February 4th.

Dorian LPG Company 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.