Dorian LPG Ltd. (NYSE:LPG) Position Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 15.3% in the third quarter, HoldingsChannel reports. The firm owned 64,038 shares of the shipping company’s stock after selling 11,566 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Dorian LPG were worth $2,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of Dorian LPG by 11.5% in the third quarter. Pacer Advisors Inc. now owns 3,416,004 shares of the shipping company’s stock valued at $117,579,000 after purchasing an additional 352,453 shares during the period. American Century Companies Inc. grew its holdings in Dorian LPG by 14.2% in the 2nd quarter. American Century Companies Inc. now owns 1,063,865 shares of the shipping company’s stock worth $44,640,000 after buying an additional 132,542 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Dorian LPG by 7.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company’s stock valued at $16,238,000 after acquiring an additional 34,344 shares during the period. Marshall Wace LLP raised its stake in Dorian LPG by 435.3% during the 2nd quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company’s stock valued at $19,181,000 after acquiring an additional 371,724 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in Dorian LPG by 52.2% during the 3rd quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company’s stock worth $9,997,000 after acquiring an additional 99,650 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Trading Down 0.4 %

Shares of NYSE:LPG opened at $23.86 on Monday. The company has a 50 day moving average of $28.21 and a 200-day moving average of $35.47. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.02 billion, a P/E ratio of 4.04 and a beta of 0.93. Dorian LPG Ltd. has a twelve month low of $22.46 and a twelve month high of $51.66.

Dorian LPG (NYSE:LPG) last released its 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 return on equity of 23.75% and a net margin of 47.87%. The firm had revenue of $82.40 million during the quarter, compared to analyst estimates of $82.40 million. During the same quarter last year, the company earned $1.85 earnings per share. The business’s revenue for the quarter was down 43.1% on a year-over-year basis. As a group, analysts anticipate that Dorian LPG Ltd. will post 3.45 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently announced a dividend, which was paid on Monday, November 25th. Investors of record on Tuesday, November 5th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, November 5th.

Wall Street Analysts Forecast Growth

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

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.