Dorian LPG Ltd. (NYSE:LPG) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,701 shares of the shipping company’s stock after acquiring an additional 16,947 shares during the period. Victory Capital Management Inc. owned approximately 0.42% of Dorian LPG worth $4,404,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in shares of Dorian LPG by 20.8% during the 4th quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock valued at $100,583,000 after purchasing an additional 711,313 shares in the last quarter. State Street Corp increased its holdings in shares of Dorian LPG by 3.6% during the 3rd quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock valued at $46,722,000 after purchasing an additional 47,780 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dorian LPG by 9.1% during the 3rd quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock valued at $33,195,000 after purchasing an additional 80,757 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Dorian LPG by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company’s stock valued at $12,778,000 after purchasing an additional 52,571 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Dorian LPG by 10.6% during the 4th quarter. Empowered Funds LLC now owns 321,201 shares of the shipping company’s stock valued at $7,828,000 after purchasing an additional 30,756 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Dorian LPG Price Performance

Shares of NYSE LPG opened at $21.74 on Friday. The firm has a market cap of $930.56 million, a PE ratio of 5.53 and a beta of 0.87. The firm has a fifty day moving average of $23.21 and a 200 day moving average of $27.46. 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 one year low of $19.36 and a one year high of $51.66.

Dorian LPG (NYSE:LPG) last released its earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same quarter last year, the business earned $2.62 earnings per share. As a group, research analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LPG shares. Jefferies Financial Group reissued a “buy” rating and issued a $35.00 price target on shares of Dorian LPG in a report on Friday, January 31st. Pareto Securities raised shares of Dorian LPG to a “buy” rating in a report on Tuesday, February 4th.

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.