Principal Financial Group Inc. Has $6.84 Million Holdings in Dorian LPG Ltd. (NYSE:LPG)

Principal Financial Group Inc. decreased its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,742 shares of the shipping company’s stock after selling 12,721 shares during the quarter. Principal Financial Group Inc.’s holdings in Dorian LPG were worth $6,841,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LPG. Beacon Capital Management LLC acquired a new stake in shares of Dorian LPG during the 1st quarter worth approximately $27,000. Quarry LP grew its position in shares of Dorian LPG by 57.8% during the 2nd quarter. Quarry LP now owns 942 shares of the shipping company’s stock worth $40,000 after buying an additional 345 shares during the period. GAMMA Investing LLC grew its position in shares of 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 buying an additional 395 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Dorian LPG by 126.7% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock worth $52,000 after buying an additional 697 shares during the period. Finally, CWM LLC grew its position in shares of Dorian LPG by 285.4% during the 3rd quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock worth $71,000 after buying an additional 1,524 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Stock Down 1.8 %

Dorian LPG stock opened at $25.74 on Wednesday. The company’s 50 day simple moving average is $32.19 and its 200 day simple moving average is $38.19. Dorian LPG Ltd. has a fifty-two week low of $25.54 and a fifty-two week high of $51.66. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 4.40 and a beta of 1.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20.

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

Dorian LPG Announces Dividend

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

Wall Street Analyst Weigh In

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.

About Dorian LPG

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.