Farther Finance Advisors LLC Has $708,000 Stock Position in Dorian LPG Ltd. (NYSE:LPG)

Farther Finance Advisors LLC grew its stake in Dorian LPG Ltd. (NYSE:LPG) by 98.9% in the third quarter, HoldingsChannel.com reports. The fund owned 20,577 shares of the shipping company’s stock after acquiring an additional 10,229 shares during the period. Farther Finance Advisors LLC’s holdings in Dorian LPG were worth $708,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Louisiana State Employees Retirement System increased its stake in shares of Dorian LPG by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the shipping company’s stock valued at $722,000 after acquiring an additional 300 shares during the last quarter. Gallacher Capital Management LLC boosted its position in shares of Dorian LPG by 4.9% during the second quarter. Gallacher Capital Management LLC now owns 7,355 shares of the shipping company’s stock worth $309,000 after purchasing an additional 343 shares in the last quarter. Quarry LP boosted its position in shares of Dorian LPG by 57.8% during the second quarter. Quarry LP now owns 942 shares of the shipping company’s stock worth $40,000 after purchasing an additional 345 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Dorian LPG by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 29,842 shares of the shipping company’s stock worth $1,148,000 after purchasing an additional 375 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Dorian LPG by 2.3% during the second quarter. The Manufacturers Life Insurance Company now owns 17,511 shares of the shipping company’s stock worth $735,000 after purchasing an additional 389 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Dorian LPG Trading Down 1.8 %

Shares of NYSE LPG opened at $27.33 on Wednesday. Dorian LPG Ltd. has a twelve month low of $26.92 and a twelve month high of $51.66. 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 company’s fifty day moving average is $34.02 and its 200-day moving average is $39.12. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 4.63 and a beta of 1.00.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The company had revenue of $82.40 million for the quarter, compared to analyst estimates of $82.40 million. During the same quarter in the previous year, the business earned $1.85 earnings per share. The company’s revenue was down 43.1% on a year-over-year basis. Equities research analysts predict that Dorian LPG Ltd. will post 3.93 EPS for the current year.

Dorian LPG Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, November 25th. Investors of record on Tuesday, November 5th will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, November 5th. Dorian LPG’s payout ratio is 16.95%.

Analyst Upgrades and Downgrades

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

Dorian LPG Company 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.