2 weeks Ago By Defense World Staff
KLP Kapitalforvaltning AS bought a new stake in shares of Dorian LPG Ltd. (NYSE:LPG – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,430 shares of the shipping company’s stock, valued at approximately $449,000.
A number of other large investors also recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its holdings in shares of Dorian LPG by 20.
8% in the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock worth $100,583,000 after purchasing an additional 711,313 shares during the last quarter.
State Street Corp grew its holdings in Dorian LPG by 3.6% in the 3rd quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock worth $46,722,000 after acquiring an additional 47,780 shares during the last quarter.
American Century Companies Inc. grew its holdings in Dorian LPG by 11.0% in the 4th quarter.
American Century Companies Inc. now owns 1,352,071 shares of the shipping company’s stock worth $32,950,000 after acquiring an additional 134,289 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Dorian LPG by 9.
1% in the third quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock valued at $33,195,000 after acquiring an additional 80,757 shares during the period. Finally, Charles Schwab Investment Management Inc.
raised its stake in shares of Dorian LPG by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 524,339 shares of the shipping company’s stock valued at $12,778,000 after acquiring an additional 52,571 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.
Dorian LPG Trading Down 14.1 %NYSE:LPG opened at $17.29 on Friday.
The company has a 50-day moving average price of $22.33 and a 200-day moving average price of $26.06.
Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $51.
66. The company has a current ratio of 3.97, a quick ratio of 3.
95 and a debt-to-equity ratio of 0.48. The stock has a market cap of $739.
91 million, a price-to-earnings ratio of 4.40 and a beta of 0.87.
Dorian LPG (NYSE:LPG – Get Free Report) last released its quarterly 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 period in the prior year, the company earned $2.
62 earnings per share. Equities analysts predict that Dorian LPG Ltd. will post 2.
6 EPS for the current year. Dorian LPG Cuts DividendThe company also recently declared a dividend, which was paid on Thursday, February 27th. Investors of record on Wednesday, February 5th were given a dividend of $0.
70 per share. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG’s dividend payout ratio is presently 25.
45%. Analyst Upgrades and DowngradesSeveral research firms recently issued reports on LPG. Pareto Securities raised Dorian LPG to a “buy” rating in a research note on Tuesday, February 4th.
Jefferies Financial Group reiterated a “buy” rating and issued a $35.00 price objective on shares of Dorian LPG in a report on Friday, January 31st.View Our Latest Report on LPGAbout Dorian LPG (Free Report)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.
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