Inspire Investing LLC Grows Stock Holdings in Dorian LPG Ltd. $LPG

Inspire Investing LLC grew its holdings in shares of Dorian LPG Ltd. (NYSE:LPG – Free Report) by 3.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 18,206 shares of the shipping company’s stock after purchasing an additional 547 shares during the period. Inspire Investing LLC’s holdings in Dorian LPG were worth $407,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in Dorian LPG during the first quarter worth approximately $1,720,000. Arizona State Retirement System grew its stake in Dorian LPG by 4.8% during the first quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company’s stock worth $261,000 after buying an additional 532 shares during the period. Principal Financial Group Inc. grew its stake in Dorian LPG by 2.4% during the first quarter. Principal Financial Group Inc. now owns 213,052 shares of the shipping company’s stock worth $4,760,000 after buying an additional 5,025 shares during the period. Deutsche Bank AG grew its stake in Dorian LPG by 57.8% during the fourth quarter. Deutsche Bank AG now owns 33,926 shares of the shipping company’s stock worth $827,000 after buying an additional 12,429 shares during the period. Finally, GAMMA Investing LLC grew its stake in Dorian LPG by 50.4% during the first quarter. GAMMA Investing LLC now owns 3,299 shares of the shipping company’s stock worth $74,000 after buying an additional 1,105 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
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Analysts Set New Price Targets
LPG has been the subject of several research reports. Zacks Research downgraded shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 9th. Jefferies Financial Group upped their target price on shares of Dorian LPG from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Dorian LPG from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Dorian LPG currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.
Get Our Latest Analysis on Dorian LPG
Dorian LPG Trading Up 0.6%
NYSE LPG opened at $31.74 on Friday. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $37.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.32 and a quick ratio of 3.30. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 27.60 and a beta of 0.82. The company’s fifty day moving average price is $29.94 and its two-hundred day moving average price is $24.83.
Dorian LPG (NYSE:LPG – Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The shipping company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.34). Dorian LPG had a net margin of 15.15% and a return on equity of 5.24%. The company had revenue of $84.21 million for the quarter, compared to the consensus estimate of $86.53 million. During the same quarter last year, the company earned $1.26 earnings per share. The company’s revenue was down 26.3% compared to the same quarter last year. As a group, research analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.
Dorian LPG Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend was Tuesday, August 12th.
About 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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