Dorian LPG Ltd. (NYSE:LPG) Holdings Cut by Royce & Associates LP

Royce & Associates LP cut its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 62.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,631 shares of the shipping company’s stock after selling 45,038 shares during the quarter. Royce & Associates LP owned approximately 0.06% of Dorian LPG worth $951,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Beacon Capital Management LLC bought a new position in Dorian LPG during the 1st quarter worth $27,000. Quarry LP boosted its holdings in shares of Dorian LPG by 57.8% during the second quarter. Quarry LP now owns 942 shares of the shipping company’s stock valued at $40,000 after acquiring an additional 345 shares during the period. GAMMA Investing LLC grew 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 acquiring an additional 395 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Dorian LPG by 126.7% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock worth $52,000 after acquiring an additional 697 shares during the period. Finally, CWM LLC lifted its position in Dorian LPG by 285.4% in the 3rd quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock valued at $71,000 after purchasing an additional 1,524 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and issued a $42.00 target price on shares of Dorian LPG in a research report on Thursday, October 31st.

Dorian LPG Trading Down 0.2 %

NYSE:LPG opened at $25.69 on Thursday. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 4.35 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 1 year low of $25.04 and a 1 year high of $51.66. The business has a fifty day moving average of $32.03 and a 200-day moving average of $38.07.

Dorian LPG (NYSE:LPG) last announced its earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share (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 company had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. During the same quarter in the prior year, the company earned $1.85 EPS. The business’s quarterly revenue was down 43.1% on a year-over-year basis. Equities analysts predict that Dorian LPG Ltd. will post 3.45 earnings per share for the current year.

Dorian LPG Dividend Announcement

The firm also recently disclosed 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.