Barclays PLC Has $2.17 Million Position in Dorian LPG Ltd. (NYSE:LPG)

Barclays PLC increased its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 392.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 62,935 shares of the shipping company’s stock after purchasing an additional 50,160 shares during the period. Barclays PLC’s holdings in Dorian LPG were worth $2,167,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd raised its stake in Dorian LPG by 146.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 27,289 shares of the shipping company’s stock worth $939,000 after acquiring an additional 16,207 shares in the last quarter. State Street Corp increased its position in Dorian LPG by 3.6% during the 3rd quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock worth $46,722,000 after purchasing an additional 47,780 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Dorian LPG by 24.4% in the 3rd quarter. Janus Henderson Group PLC now owns 37,919 shares of the shipping company’s stock valued at $1,305,000 after purchasing an additional 7,433 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Dorian LPG in the third quarter valued at approximately $463,000. Finally, Verition Fund Management LLC bought a new stake in shares of Dorian LPG during the third quarter worth $437,000. 62.50% of the stock is owned by institutional investors.

Dorian LPG Stock Down 1.6 %

Shares of NYSE:LPG opened at $23.97 on Friday. 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 52-week low of $22.46 and a 52-week high of $51.66. The business’s 50 day simple moving average is $26.25 and its two-hundred day simple moving average is $34.09. The firm has a market cap of $1.03 billion, a P/E ratio of 4.06 and a beta of 0.93.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results 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 net margin of 47.87% and a return on equity of 23.75%. The business had revenue of $82.40 million for the quarter, compared to the consensus estimate of $82.40 million. During the same quarter last year, the firm posted $1.85 EPS. The business’s revenue for the quarter was down 43.1% compared to the same quarter last year. As a group, research analysts forecast that Dorian LPG Ltd. will post 3.45 EPS for the current fiscal year.

Dorian LPG Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Dorian LPG in a research note 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.