Dorian LPG Ltd. (NYSE:LPG) Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 34.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,659 shares of the shipping company’s stock after acquiring an additional 4,515 shares during the period. Inspire Investing LLC’s holdings in Dorian LPG were worth $430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pacer Advisors Inc. lifted its position in shares of Dorian LPG by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 3,416,004 shares of the shipping company’s stock valued at $117,579,000 after acquiring an additional 352,453 shares during the last quarter. State Street Corp lifted its holdings in shares of Dorian LPG by 3.6% in the third quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock valued at $46,722,000 after purchasing an additional 47,780 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dorian LPG by 9.1% in the third quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock valued at $33,195,000 after purchasing an additional 80,757 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Dorian LPG by 7.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company’s stock valued at $16,238,000 after purchasing an additional 34,344 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of 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 purchasing an additional 371,724 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Trading Down 2.2 %

NYSE LPG opened at $23.68 on Friday. Dorian LPG Ltd. has a 1-year low of $22.46 and a 1-year high of $51.66. 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 company has a market capitalization of $1.01 billion, a PE ratio of 4.01 and a beta of 0.93. The firm’s fifty day simple moving average is $24.56 and its 200-day simple moving average is $31.65.

Dorian LPG (NYSE:LPG) last posted 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 return on equity of 23.75% and a net margin of 47.87%. The company had revenue of $82.40 million during the quarter, compared to analyst estimates of $82.40 million. During the same period last year, the company posted $1.85 earnings per share. The company’s 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 2.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and issued a $42.00 target price 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.