Barclays PLC Acquires 50,160 Shares of Dorian LPG Ltd. (NYSE:LPG)

Barclays PLC raised its stake in Dorian LPG Ltd. (NYSE:LPG) by 392.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,935 shares of the shipping company’s stock after buying an additional 50,160 shares during the quarter. Barclays PLC owned about 0.15% of Dorian LPG worth $2,167,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd grew its holdings in shares of Dorian LPG by 146.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 27,289 shares of the shipping company’s stock worth $939,000 after buying an additional 16,207 shares in the last quarter. State Street Corp boosted its position in Dorian LPG by 3.6% during the 3rd quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock worth $46,722,000 after acquiring an additional 47,780 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Dorian LPG by 24.4% during the 3rd quarter. Janus Henderson Group PLC now owns 37,919 shares of the shipping company’s stock worth $1,305,000 after acquiring an additional 7,433 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Dorian LPG in the third quarter worth $463,000. Finally, Verition Fund Management LLC acquired a new position in Dorian LPG during the third quarter worth $437,000. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Down 1.6 %

NYSE:LPG opened at $23.97 on Friday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 4.06 and a beta of 0.93. The company has a quick ratio of 4.20, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. Dorian LPG Ltd. has a twelve month low of $22.46 and a twelve month high of $51.66. The stock’s 50 day moving average price is $26.25 and its two-hundred day moving average price is $34.09.

Dorian LPG (NYSE:LPG) last posted its quarterly 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 firm had revenue of $82.40 million for the quarter, compared to the consensus estimate of $82.40 million. During the same period last year, the company posted $1.85 earnings per share. The business’s revenue was down 43.1% compared to the same quarter last year. Equities research analysts expect that Dorian LPG Ltd. will post 3.45 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

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

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating and set a $42.00 price target on shares of Dorian LPG in a research report on Thursday, October 31st.

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.