Charles Schwab Investment Management Inc. Has $12.78 Million Stock Position in Dorian LPG Ltd. (NYSE:LPG)

Charles Schwab Investment Management Inc. lifted its holdings in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 524,339 shares of the shipping company's stock after buying an additional 52,571 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.23% of Dorian LPG worth $12,778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Beacon Capital Management LLC increased its holdings in shares of Dorian LPG by 61.1% in the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock valued at $27,000 after purchasing an additional 428 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Dorian LPG during the fourth quarter valued at $37,000. KBC Group NV increased its position 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 lifted its position in Dorian LPG by 146.2% during the 4th quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company's stock valued at $53,000 after purchasing an additional 1,303 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Dorian LPG in the 4th quarter valued at about $135,000. Institutional investors and hedge funds own 62.50% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LPG. Jefferies Financial Group reaffirmed a "buy" rating and issued a $35.00 price objective on shares of Dorian LPG in a research note on Friday, January 31st. Pareto Securities raised Dorian LPG to a "buy" rating in a research report on Tuesday, February 4th.

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Dorian LPG Stock Down 1.6 %

NYSE LPG traded down $0.37 on Tuesday, reaching $23.13. The company had a trading volume of 744,547 shares, compared to its average volume of 685,378. The company's fifty day moving average is $22.93 and its 200-day moving average is $26.77. Dorian LPG Ltd. has a 1-year low of $19.36 and a 1-year high of $51.66. The firm has a market capitalization of $990.06 million, a price-to-earnings ratio of 5.89 and a beta of 0.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, topping 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 period last year, the firm earned $2.62 EPS. On average, research analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

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