Vestcor Inc Buys 14,660 Shares of Dorian LPG Ltd. (NYSE:LPG)

Vestcor Inc grew its stake in Dorian LPG Ltd. (NYSE:LPG) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 275,362 shares of the shipping company’s stock after acquiring an additional 14,660 shares during the period. Vestcor Inc’s holdings in Dorian LPG were worth $9,478,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. ORG Partners LLC acquired a new stake in shares of Dorian LPG in the 2nd quarter valued at $210,000. Raymond James & Associates grew its position in shares of Dorian LPG by 26.3% during the 2nd quarter. Raymond James & Associates now owns 37,055 shares of the shipping company’s stock worth $1,555,000 after buying an additional 7,723 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Dorian LPG by 786.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,629 shares of the shipping company’s stock worth $278,000 after buying an additional 5,881 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in Dorian LPG by 4.3% in the second quarter. SeaCrest Wealth Management LLC now owns 14,307 shares of the shipping company’s stock valued at $600,000 after buying an additional 590 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in Dorian LPG by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the shipping company’s stock valued at $722,000 after buying an additional 300 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Dorian LPG Stock Performance

Shares of LPG stock opened at $23.16 on Tuesday. The stock has a market cap of $991.03 million, a PE ratio of 3.92 and a beta of 0.93. The stock has a 50-day moving average of $29.17 and a 200-day moving average of $36.14. 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 Ltd. has a one year low of $22.46 and a one year high of $51.66.

Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, October 31st. The shipping company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.17). The firm had revenue of $82.40 million during 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 firm’s revenue for the quarter was down 43.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. As a group, sell-side analysts expect that Dorian LPG Ltd. will post 3.45 earnings per share for the current year.

Dorian LPG Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, November 25th. Shareholders of record on Tuesday, November 5th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, November 5th.

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.