State of Alaska Department of Revenue Raises Holdings in Dorian LPG Ltd. (NYSE:LPG)

State of Alaska Department of Revenue increased its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 3.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,672 shares of the shipping company’s stock after purchasing an additional 652 shares during the quarter. State of Alaska Department of Revenue’s holdings in Dorian LPG were worth $711,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in LPG. Beacon Capital Management LLC purchased a new stake in shares of Dorian LPG during the first quarter worth approximately $27,000. Quarry LP increased 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. GAMMA Investing LLC increased its position in shares of Dorian LPG by 60.3% during the second quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company’s stock worth $44,000 after purchasing an additional 395 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Dorian LPG by 126.7% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock worth $52,000 after purchasing an additional 697 shares in the last quarter. Finally, CWM LLC increased its position in shares of Dorian LPG by 285.4% during the third quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock worth $71,000 after purchasing an additional 1,524 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated 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 Stock Performance

NYSE LPG opened at $28.17 on Thursday. The stock’s fifty day moving average is $33.83 and its two-hundred day moving average is $39.04. The firm has a market capitalization of $1.21 billion, a P/E ratio of 4.77 and a beta of 1.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22. Dorian LPG Ltd. has a fifty-two week low of $26.92 and a fifty-two week high of $51.66.

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

Dorian LPG Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th will be paid a $1.00 dividend. The ex-dividend date is 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.