Rhumbline Advisers Acquires 7,001 Shares of Dorian LPG Ltd. $LPG

Rhumbline Advisers lifted its holdings in Dorian LPG Ltd. (NYSE:LPG) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,761 shares of the shipping company’s stock after acquiring an additional 7,001 shares during the period. Rhumbline Advisers owned approximately 0.31% of Dorian LPG worth $2,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. grew its stake in shares of Dorian LPG by 13.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 52,740 shares of the shipping company’s stock valued at $1,285,000 after buying an additional 6,200 shares during the period. Deutsche Bank AG grew its stake in shares of Dorian LPG by 57.8% in the 4th quarter. Deutsche Bank AG now owns 33,926 shares of the shipping company’s stock valued at $827,000 after buying an additional 12,429 shares during the period. Janus Henderson Group PLC grew its stake in shares of Dorian LPG by 4.6% in the 4th quarter. Janus Henderson Group PLC now owns 39,655 shares of the shipping company’s stock valued at $966,000 after buying an additional 1,736 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Dorian LPG by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,689 shares of the shipping company’s stock valued at $504,000 after buying an additional 797 shares during the period. Finally, ProShare Advisors LLC grew its stake in shares of Dorian LPG by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 10,958 shares of the shipping company’s stock valued at $267,000 after buying an additional 3,376 shares during the period. 62.50% of the stock is owned by institutional investors.

Dorian LPG Stock Performance

Shares of NYSE:LPG opened at $32.65 on Tuesday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 28.39 and a beta of 0.82. The company has a 50-day moving average price of $30.06 and a 200-day moving average price of $24.95. The company has a current ratio of 3.32, a quick ratio of 3.30 and a debt-to-equity ratio of 0.47. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $37.16.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Friday, August 1st. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.34). The company had revenue of $84.21 million for the quarter, compared to analysts’ expectations of $86.53 million. Dorian LPG had a net margin of 15.15% and a return on equity of 5.24%. Dorian LPG’s quarterly revenue was down 26.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. As a group, equities analysts anticipate that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 7.4%.

Analyst Ratings Changes

LPG has been the subject of several research reports. Zacks Research downgraded Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Jefferies Financial Group lifted their price target on Dorian LPG from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Finally, Wall Street Zen upgraded Dorian LPG from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.