Asset Management One Co. Ltd. Sells 13,109 Shares of Dorian LPG Ltd. (NYSE:LPG)

Asset Management One Co. Ltd. decreased its stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 18.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 57,802 shares of the shipping company's stock after selling 13,109 shares during the period. Asset Management One Co. Ltd. owned 0.14% of Dorian LPG worth $1,382,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of LPG. Heck Capital Advisors LLC acquired a new position in Dorian LPG during the 4th quarter worth approximately $37,000. KBC Group NV grew its holdings in Dorian LPG by 84.6% in the fourth quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock worth $51,000 after purchasing an additional 951 shares during the period. GAMMA Investing LLC grew its holdings in Dorian LPG by 146.2% in the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company's stock worth $53,000 after purchasing an additional 1,303 shares during the period. CWM LLC grew its holdings in Dorian LPG by 285.4% in the third quarter. CWM LLC now owns 2,058 shares of the shipping company's stock worth $71,000 after purchasing an additional 1,524 shares during the period. Finally, Viking Fund Management LLC acquired a new position in shares of Dorian LPG during the fourth quarter valued at about $219,000. Institutional investors own 62.50% of the company's stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a "buy" rating and set a $35.00 price target on shares of Dorian LPG in a research report on Friday, January 31st.

Dorian LPG Price Performance

LPG stock traded down $0.35 during midday trading on Friday, reaching $22.40. The company had a trading volume of 564,959 shares, compared to its average volume of 751,652. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. Dorian LPG Ltd. has a 1 year low of $22.23 and a 1 year high of $51.66. The company has a market capitalization of $958.72 million, a P/E ratio of 5.70 and a beta of 0.91. The firm has a 50-day moving average price of $24.20 and a 200-day moving average price of $29.35.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same quarter last year, the company posted $2.62 earnings per share. On average, research analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th will be given a $0.70 dividend. The ex-dividend date is Wednesday, February 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.