Dorian LPG Ltd. (NYSE:LPG) Stake Boosted by Inspire Investing LLC

Inspire Investing LLC grew its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 34.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,659 shares of the shipping company’s stock after purchasing an additional 4,515 shares during the quarter. Inspire Investing LLC’s holdings in Dorian LPG were worth $430,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Dorian LPG by 7.9% during 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 during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Dorian LPG by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 197,574 shares of the shipping company’s stock valued at $6,800,000 after purchasing an additional 25,343 shares during the last quarter. Cynosure Group LLC grew its holdings in Dorian LPG by 248.0% in the 3rd quarter. Cynosure Group LLC now owns 31,655 shares of the shipping company’s stock worth $1,090,000 after buying an additional 22,560 shares in the last quarter. Empowered Funds LLC grew its holdings in Dorian LPG by 52.2% in the 3rd quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company’s stock worth $9,997,000 after buying an additional 99,650 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Dorian LPG in the 3rd quarter worth approximately $2,238,000. 62.50% of the stock is owned by institutional investors.

Dorian LPG Stock Performance

Shares of LPG stock opened at $23.68 on Friday. Dorian LPG Ltd. has a 12-month low of $22.46 and a 12-month high of $51.66. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 4.01 and a beta of 0.93. The business has a 50 day simple moving average of $24.56 and a 200 day simple moving average of $31.65. 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 issued its quarterly 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). The firm had revenue of $82.40 million for the quarter, compared to the consensus estimate of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The business’s revenue for the quarter was down 43.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 earnings per share. On average, equities research analysts anticipate that Dorian LPG Ltd. will post 2.84 EPS for the current year.

Wall Street Analyst Weigh In

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