Amundi Has $637,000 Holdings in Dorian LPG Ltd. (NYSE:LPG)

Amundi raised its stake in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 224.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,585 shares of the shipping company's stock after acquiring an additional 17,708 shares during the period. Amundi owned about 0.06% of Dorian LPG worth $637,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LPG. Beacon Capital Management LLC grew its holdings in shares of Dorian LPG by 61.1% in the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock worth $27,000 after purchasing an additional 428 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Dorian LPG by 7.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,446 shares of the shipping company's stock worth $325,000 after buying an additional 692 shares during the last quarter. Procyon Advisors LLC grew its stake in Dorian LPG by 4.7% during the fourth quarter. Procyon Advisors LLC now owns 15,894 shares of the shipping company's stock worth $387,000 after buying an additional 719 shares during the last quarter. KBC Group NV increased its holdings in shares of Dorian LPG by 84.6% during the fourth quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock worth $51,000 after buying an additional 951 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Dorian LPG by 146.2% in the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company's stock valued at $53,000 after acquiring an additional 1,303 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Pareto Securities raised Dorian LPG to a "buy" rating in a report on Tuesday, February 4th. Jefferies Financial Group restated a "buy" rating and issued a $35.00 target price on shares of Dorian LPG in a research note on Friday, January 31st.

Dorian LPG Price Performance

Shares of Dorian LPG stock traded up $0.47 during midday trading on Monday, reaching $23.50. The company had a trading volume of 820,494 shares, compared to its average volume of 685,404. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $22.99 and a 200 day simple moving average of $26.86. Dorian LPG Ltd. has a 1-year low of $19.36 and a 1-year high of $51.66. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 5.98 and a beta of 0.87.

Dorian LPG (NYSE:LPG - Get Free Report) last released its earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. During the same quarter in the prior year, the company earned $2.62 earnings per share. As a group, equities research analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG's dividend payout ratio (DPR) is presently 25.45%.

Dorian LPG Company 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.