Dorian LPG Ltd. (NYSE:LPG) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 180,701 shares of the shipping company's stock after acquiring an additional 16,947 shares during the period. Victory Capital Management Inc. owned approximately 0.42% of Dorian LPG worth $4,404,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in Dorian LPG by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company's stock valued at $16,238,000 after acquiring an additional 34,344 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Dorian LPG by 14.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 197,574 shares of the shipping company's stock valued at $6,800,000 after acquiring an additional 25,343 shares during the last quarter. Cynosure Group LLC raised its stake in Dorian LPG by 248.0% during the 3rd quarter. Cynosure Group LLC now owns 31,655 shares of the shipping company's stock valued at $1,090,000 after acquiring an additional 22,560 shares during the last quarter. Empowered Funds LLC raised its stake in Dorian LPG by 52.2% during the 3rd quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company's stock valued at $9,997,000 after acquiring an additional 99,650 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in Dorian LPG by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 3,416,004 shares of the shipping company's stock valued at $117,579,000 after acquiring an additional 352,453 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research firms have recently issued reports on LPG. Jefferies Financial Group restated a "buy" rating and set a $35.00 price objective on shares of Dorian LPG in a report on Friday, January 31st. Pareto Securities upgraded Dorian LPG to a "buy" rating in a report on Tuesday, February 4th.

Dorian LPG Trading Up 3.2 %

Shares of LPG stock traded up $0.72 during mid-day trading on Wednesday, hitting $23.24. 368,496 shares of the company's stock were exchanged, compared to its average volume of 669,407. Dorian LPG Ltd. has a fifty-two week low of $19.36 and a fifty-two week high of $51.66. The stock has a 50-day simple moving average of $23.12 and a two-hundred day simple moving average of $27.16. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The stock has a market cap of $994.55 million, a price-to-earnings ratio of 5.90 and a beta of 0.87.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, beating 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 period in the previous year, the company earned $2.62 EPS. Equities analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 27th. Investors of record on Wednesday, February 5th were issued a $0.70 dividend. The ex-dividend date was Wednesday, February 5th. Dorian LPG's payout ratio is currently 25.45%.

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.