Rhumbline Advisers Grows Stock Holdings in Dorian LPG Ltd. (NYSE:LPG)

Rhumbline Advisers increased its stake in Dorian LPG Ltd. (NYSE:LPG) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,760 shares of the shipping company’s stock after purchasing an additional 6,691 shares during the quarter. Rhumbline Advisers owned 0.29% of Dorian LPG worth $3,040,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. New York State Teachers Retirement System lifted its holdings in shares of 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 buying an additional 394 shares during the period. State of Alaska Department of Revenue lifted its holdings in Dorian LPG by 3.3% in the third 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 period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Dorian LPG by 7.9% in the third 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. Procyon Advisors LLC boosted its position in Dorian LPG by 4.7% in the fourth quarter. Procyon Advisors LLC now owns 15,894 shares of the shipping company’s stock worth $387,000 after purchasing an additional 719 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Dorian LPG by 84.6% during the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock valued at $51,000 after purchasing an additional 951 shares during the period. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Up 1.2 %

Shares of LPG opened at $20.35 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. The stock has a market capitalization of $871.06 million, a price-to-earnings ratio of 5.18 and a beta of 0.91. Dorian LPG Ltd. has a 1 year low of $19.83 and a 1 year high of $51.66. The business’s 50 day simple moving average is $23.95 and its 200-day simple moving average is $28.65.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) 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 period last year, the business posted $2.62 earnings per share. As a group, equities analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

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

Analyst Ratings Changes

A number of research firms recently issued reports on LPG. 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 research note on Tuesday, February 4th.

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.