California Public Employees Retirement System Holds Holdings in Dorian LPG Ltd. (LPG)

California Public Employees Retirement System maintained its position in Dorian LPG Ltd. (NYSE:LPG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,600 shares of the shipping company’s stock at the close of the 2nd quarter. California Public Employees Retirement System owned 0.15% of Dorian LPG worth $676,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP increased its holdings in shares of Dorian LPG by 41.7% in the 2nd quarter. Royce & Associates LP now owns 1,044,831 shares of the shipping company’s stock valued at $8,547,000 after acquiring an additional 307,597 shares during the period. Private Management Group Inc. increased its holdings in shares of Dorian LPG by 3.9% in the 2nd quarter. Private Management Group Inc. now owns 402,003 shares of the shipping company’s stock valued at $3,288,000 after acquiring an additional 14,905 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Dorian LPG by 96.5% in the 2nd quarter. GSA Capital Partners LLP now owns 162,312 shares of the shipping company’s stock valued at $1,328,000 after acquiring an additional 79,712 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Dorian LPG by 603.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 83,468 shares of the shipping company’s stock valued at $879,000 after acquiring an additional 71,597 shares during the period. Finally, Oppenheimer & Close LLC increased its holdings in shares of Dorian LPG by 3.7% in the 2nd quarter. Oppenheimer & Close LLC now owns 1,216,943 shares of the shipping company’s stock valued at $9,954,000 after acquiring an additional 43,369 shares during the period. 45.04% of the stock is currently owned by institutional investors.

Dorian LPG Ltd. (LPG) opened at $7.63 on Friday. Dorian LPG Ltd. has a 1 year low of $6.20 and a 1 year high of $12.50. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.62.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Friday, November 3rd. The shipping company reported ($0.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.02. Dorian LPG had a negative net margin of 7.30% and a negative return on equity of 4.06%. The firm had revenue of $34.73 million for the quarter, compared to analyst estimates of $31.13 million. During the same period last year, the firm posted ($0.25) EPS. Dorian LPG’s quarterly revenue was up 3.3% on a year-over-year basis. equities research analysts forecast that Dorian LPG Ltd. will post -0.66 EPS for the current year.

A number of equities analysts have recently commented on the stock. ValuEngine cut shares of Dorian LPG from a “hold” rating to a “sell” rating in a report on Thursday. Zacks Investment Research cut shares of Dorian LPG from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, BidaskClub cut shares of Dorian LPG from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $8.75.

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Dorian LPG Profile

Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers.

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Institutional Ownership by Quarter for Dorian LPG (NYSE:LPG)

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