Dorian LPG Ltd. (NYSE:LPG) Position Increased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in Dorian LPG Ltd. (NYSE:LPG) by 24.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,919 shares of the shipping company’s stock after purchasing an additional 7,433 shares during the quarter. Janus Henderson Group PLC’s holdings in Dorian LPG were worth $1,305,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LPG. HighTower Advisors LLC acquired a new position in Dorian LPG in the third quarter worth approximately $463,000. Verition Fund Management LLC acquired a new position in shares of Dorian LPG during the 3rd quarter worth $437,000. Public Sector Pension Investment Board increased its stake in shares of Dorian LPG by 2.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 76,812 shares of the shipping company’s stock worth $2,644,000 after purchasing an additional 1,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Dorian LPG by 7.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,446 shares of the shipping company’s stock valued at $325,000 after purchasing an additional 692 shares in the last quarter. Finally, Cynosure Group LLC lifted its stake in shares of Dorian LPG by 248.0% in the 3rd quarter. Cynosure Group LLC now owns 31,655 shares of the shipping company’s stock valued at $1,090,000 after purchasing an additional 22,560 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Dorian LPG Trading Down 0.3 %

Shares of LPG stock opened at $23.87 on Friday. Dorian LPG Ltd. has a 12 month low of $22.46 and a 12 month high of $51.66. The company has a market cap of $1.02 billion, a PE ratio of 4.01 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. The business’s 50 day moving average is $28.44 and its two-hundred day moving average is $35.81.

Dorian LPG (NYSE:LPG) last posted its earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). The firm had revenue of $82.40 million during the quarter, compared to analyst estimates of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The business’s quarterly revenue was down 43.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 earnings per share. Equities analysts predict that Dorian LPG Ltd. will post 3.45 EPS for the current year.

Dorian LPG Dividend Announcement

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

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.