Dorian LPG Ltd. (NYSE:LPG) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. reduced its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 21.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,726 shares of the shipping company’s stock after selling 20,920 shares during the period. Navellier & Associates Inc. owned approximately 0.18% of Dorian LPG worth $2,641,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in shares of Dorian LPG by 22.4% during the 2nd quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company’s stock worth $128,547,000 after buying an additional 560,325 shares in the last quarter. Marshall Wace LLP lifted its holdings in Dorian LPG by 435.3% in the second 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 during the period. Vanguard Group Inc. boosted its position in shares of Dorian LPG by 16.7% during the 1st quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock worth $82,067,000 after purchasing an additional 305,818 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Dorian LPG by 844.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company’s stock worth $8,653,000 after purchasing an additional 201,134 shares during the period. Finally, PEAK6 Investments LLC purchased a new position in shares of Dorian LPG in the 1st quarter valued at about $6,851,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

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

Dorian LPG Stock Up 0.9 %

LPG opened at $25.94 on Thursday. Dorian LPG Ltd. has a one year low of $25.04 and a one year high of $51.66. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 4.35 and a beta of 1.00. The business’s fifty day moving average is $31.85 and its two-hundred day moving average is $37.98. 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 (NYSE:LPG) last announced its quarterly earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.17). Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The business had revenue of $82.40 million during the quarter, compared to analysts’ expectations of $82.40 million. During the same period last year, the company earned $1.85 EPS. The firm’s revenue for the quarter was down 43.1% on a year-over-year basis. Analysts anticipate that Dorian LPG Ltd. will post 3.45 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 25th. Investors of record on Tuesday, November 5th will be paid a dividend of $1.00 per share. The ex-dividend date is Tuesday, November 5th.

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.