Pacer Advisors Inc. Buys 560,325 Shares of Dorian LPG Ltd. (NYSE:LPG)

Pacer Advisors Inc. grew its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 22.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,063,551 shares of the shipping company’s stock after acquiring an additional 560,325 shares during the period. Pacer Advisors Inc. owned about 7.54% of Dorian LPG worth $128,547,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Beacon Capital Management LLC purchased a new position in Dorian LPG during the 1st quarter worth $27,000. GAMMA Investing LLC grew its holdings in Dorian LPG by 60.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,050 shares of the shipping company’s stock worth $44,000 after acquiring an additional 395 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Dorian LPG by 26.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,821 shares of the shipping company’s stock valued at $80,000 after purchasing an additional 379 shares in the last quarter. Tucker Asset Management LLC purchased a new stake in shares of Dorian LPG in the 4th quarter worth approximately $136,000. Finally, SG Americas Securities LLC purchased a new position in Dorian LPG during the first quarter valued at approximately $145,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Down 2.2 %

Dorian LPG stock opened at $34.60 on Friday. Dorian LPG Ltd. has a 1-year low of $25.58 and a 1-year high of $51.66. The business has a fifty day moving average price of $37.61 and a 200-day moving average price of $40.37. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.60 and a quick ratio of 4.58. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 4.55 and a beta of 0.99.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.23. Dorian LPG had a return on equity of 30.64% and a net margin of 54.48%. The business had revenue of $114.30 million for the quarter, compared to analyst estimates of $113.70 million. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. Equities research analysts forecast that Dorian LPG Ltd. will post 4.94 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The firm also recently declared a None dividend, which was paid on Wednesday, August 21st. Investors of record on Thursday, August 8th were issued a $1.00 dividend. The ex-dividend date was Thursday, August 8th. Dorian LPG’s dividend payout ratio (DPR) is presently 13.16%.

Analyst Ratings Changes

Separately, DNB Markets raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Wednesday, July 3rd.

Insiders Place Their Bets

In related news, COO Alexander C. Hadjipateras sold 2,500 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $36.12, for a total transaction of $90,300.00. Following the completion of the transaction, the chief operating officer now directly owns 82,823 shares in the company, valued at $2,991,566.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.90% of the stock is currently owned by insiders.

Dorian LPG Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.