Louisiana State Employees Retirement System Invests $750,000 in Dorian LPG Ltd. (NYSE:LPG)

Louisiana State Employees Retirement System purchased a new position in shares of Dorian LPG Ltd. (NYSE:LPG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,100 shares of the shipping company’s stock, valued at approximately $750,000.

Several other hedge funds and other institutional investors have also modified their holdings of LPG. Pacer Advisors Inc. boosted its holdings in Dorian LPG by 45.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,342,303 shares of the shipping company’s stock valued at $58,887,000 after purchasing an additional 416,809 shares during the period. Vanguard Group Inc. boosted its holdings in Dorian LPG by 13.9% in the third quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock valued at $42,501,000 after purchasing an additional 180,246 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Dorian LPG by 63.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 417,493 shares of the shipping company’s stock valued at $11,995,000 after purchasing an additional 162,663 shares during the period. Penserra Capital Management LLC boosted its holdings in Dorian LPG by 1,249.9% in the third quarter. Penserra Capital Management LLC now owns 120,738 shares of the shipping company’s stock valued at $3,468,000 after purchasing an additional 111,794 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Dorian LPG by 1,187.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 89,724 shares of the shipping company’s stock valued at $3,936,000 after purchasing an additional 82,757 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Stock Up 1.2 %

Dorian LPG stock opened at $41.78 on Friday. The stock’s fifty day moving average is $38.21 and its two-hundred day moving average is $38.79. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.31 and a quick ratio of 3.29. Dorian LPG Ltd. has a 1-year low of $21.02 and a 1-year high of $49.54. The stock has a market cap of $1.70 billion, a PE ratio of 5.55 and a beta of 1.13.

Dorian LPG (NYSE:LPG) last posted its earnings results on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. The business had revenue of $163.06 million for the quarter, compared to analysts’ expectations of $154.49 million. During the same quarter in the previous year, the firm earned $1.29 earnings per share. On average, sell-side analysts expect that Dorian LPG Ltd. will post 7.49 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently announced a None dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 8th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, May 7th. Dorian LPG’s dividend payout ratio (DPR) is currently 26.56%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $50.00 target price on shares of Dorian LPG in a report on Thursday, February 1st. StockNews.com upgraded Dorian LPG from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, DNB Markets cut Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research note on Friday, January 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.25.

Dorian LPG Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.