New York State Teachers Retirement System Has $216,000 Holdings in Dorian LPG Ltd. (NYSE:LPG)

New York State Teachers Retirement System boosted its holdings in Dorian LPG Ltd. (NYSE:LPGGet Rating) by 11.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,948 shares of the shipping company’s stock after acquiring an additional 1,600 shares during the quarter. New York State Teachers Retirement System’s holdings in Dorian LPG were worth $216,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Pacer Advisors Inc. boosted its stake in shares of Dorian LPG by 35.3% during the third quarter. Pacer Advisors Inc. now owns 359,799 shares of the shipping company’s stock valued at $4,882,000 after purchasing an additional 93,852 shares in the last quarter. Martingale Asset Management L P boosted its stake in shares of Dorian LPG by 11.5% during the second quarter. Martingale Asset Management L P now owns 72,221 shares of the shipping company’s stock valued at $1,099,000 after purchasing an additional 7,474 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Dorian LPG during the second quarter valued at about $49,000. Professional Financial Advisors LLC acquired a new stake in shares of Dorian LPG during the second quarter valued at about $38,000. Finally, Jennison Associates LLC acquired a new stake in shares of Dorian LPG during the second quarter valued at about $678,000. 78.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com raised Dorian LPG from a “hold” rating to a “buy” rating in a research note on Wednesday. Jefferies Financial Group raised their price objective on Dorian LPG from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, December 13th. Finally, UBS Group downgraded Dorian LPG from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Thursday, January 5th.

Dorian LPG Price Performance

Shares of LPG opened at $18.44 on Friday. Dorian LPG Ltd. has a 1 year low of $10.77 and a 1 year high of $21.07. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.93 and a quick ratio of 2.90. The company has a market capitalization of $744.07 million, a price-to-earnings ratio of 7.62 and a beta of 1.16. The business has a 50-day moving average of $18.72 and a 200-day moving average of $16.62.

Dorian LPG (NYSE:LPGGet Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The shipping company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. The company had revenue of $75.97 million during the quarter, compared to the consensus estimate of $64.25 million. Dorian LPG had a return on equity of 8.86% and a net margin of 32.27%. As a group, equities research analysts anticipate that Dorian LPG Ltd. will post 4.01 earnings per share for the current year.

Dorian LPG Dividend Announcement

The firm also recently announced a Variable dividend, which was paid on Tuesday, December 6th. Shareholders of record on Monday, November 7th were issued a $1.00 dividend. The ex-dividend date was Friday, November 4th. Dorian LPG’s payout ratio is currently 185.95%.

Insiders Place Their Bets

In other Dorian LPG news, Director Thomas Jason Coleman sold 53,000 shares of Dorian LPG stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $18.51, for a total value of $981,030.00. Following the completion of the sale, the director now directly owns 2,022,000 shares in the company, valued at $37,427,220. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Dorian LPG news, Director Thomas Jason Coleman sold 53,000 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $18.51, for a total value of $981,030.00. Following the completion of the sale, the director now owns 2,022,000 shares of the company’s stock, valued at $37,427,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Theodore B. Young sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $19.00, for a total value of $237,500.00. Following the completion of the sale, the chief financial officer now directly owns 98,440 shares of the company’s stock, valued at approximately $1,870,360. The disclosure for this sale can be found here. Over the last three months, insiders sold 315,500 shares of company stock worth $6,017,030. 24.20% of the stock is owned by corporate insiders.

Dorian LPG Profile

(Get Rating)

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. The company owns and operates very large gas carriers (VLGCs). As of May 27, 2022, its fleet consisted of twenty-two VLGCs. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.

See Also

Want to see what other hedge funds are holding LPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorian LPG Ltd. (NYSE:LPGGet Rating).

Institutional Ownership by Quarter for Dorian LPG (NYSE:LPG)

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