Pacer Advisors Inc. Buys 183,232 Shares of Dorian LPG Ltd. $LPG

Pacer Advisors Inc. lifted its position in Dorian LPG Ltd. (NYSE:LPG) by 2,540.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 190,446 shares of the shipping company’s stock after purchasing an additional 183,232 shares during the quarter. Pacer Advisors Inc.’s holdings in Dorian LPG were worth $6,513,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in Dorian LPG by 117.5% during the first quarter. Empowered Funds LLC now owns 197,030 shares of the shipping company’s stock valued at $6,738,000 after buying an additional 106,428 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Dorian LPG in the 1st quarter worth approximately $1,247,000. Arete Wealth Advisors LLC bought a new stake in Dorian LPG in the 1st quarter worth approximately $683,000. Amundi bought a new stake in Dorian LPG in the 1st quarter worth approximately $465,000. Finally, California State Teachers Retirement System raised its holdings in shares of Dorian LPG by 36.2% during the 1st quarter. California State Teachers Retirement System now owns 51,933 shares of the shipping company’s stock worth $1,776,000 after acquiring an additional 13,800 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LPG. Freedom Capital lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Wall Street Zen upgraded shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Weiss Ratings raised shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Pareto Securities restated a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Finally, Jefferies Financial Group boosted their target price on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Dorian LPG Price Performance

Dorian LPG stock opened at $43.05 on Thursday. The firm has a 50-day moving average price of $41.29 and a 200-day moving average price of $37.28. The firm has a market capitalization of $1.84 billion, a PE ratio of 9.46 and a beta of 0.65. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.40. Dorian LPG Ltd. has a 12-month low of $23.76 and a 12-month high of $48.12.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Wednesday, August 5th. The shipping company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.40. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. The firm had revenue of $187.88 million during the quarter, compared to analysts’ expectations of $160.78 million. During the same period in the previous year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 123.1% compared to the same quarter last year.

Dorian LPG Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Monday, July 27th will be issued a $1.00 dividend. The ex-dividend date is Monday, July 27th.

Insider Activity at Dorian LPG

In other Dorian LPG news, Director Ted Kalborg sold 15,373 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $45.06, for a total value of $692,707.38. Following the transaction, the director owned 66,348 shares of the company’s stock, valued at $2,989,640.88. This represents a 18.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Tim Truels Hansen sold 20,000 shares of Dorian LPG stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $35.38, for a total value of $707,600.00. Following the sale, the insider owned 157,842 shares of the company’s stock, valued at approximately $5,584,449.96. This trade represents a 11.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 13.50% of the company’s stock.

About Dorian LPG

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.