Charles Schwab Investment Management Inc. Buys 34,344 Shares of Dorian LPG Ltd. (NYSE:LPG)

Charles Schwab Investment Management Inc. boosted its holdings in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 7.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 471,768 shares of the shipping company's stock after acquiring an additional 34,344 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.10% of Dorian LPG worth $16,238,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of Dorian LPG by 11.5% during the third quarter. Pacer Advisors Inc. now owns 3,416,004 shares of the shipping company's stock valued at $117,579,000 after buying an additional 352,453 shares during the last quarter. American Century Companies Inc. boosted its holdings in Dorian LPG by 14.2% in the second quarter. American Century Companies Inc. now owns 1,063,865 shares of the shipping company's stock worth $44,640,000 after purchasing an additional 132,542 shares during the last quarter. Marshall Wace LLP grew its position in Dorian LPG by 435.3% in the 2nd quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company's stock worth $19,181,000 after purchasing an additional 371,724 shares during the period. 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 buying an additional 99,650 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Dorian LPG by 5.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 281,475 shares of the shipping company's stock valued at $11,811,000 after buying an additional 14,600 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Stock Performance

LPG stock traded down $0.71 during midday trading on Friday, reaching $22.69. 1,000,310 shares of the company's stock traded hands, compared to its average volume of 687,061. The stock's 50-day moving average is $29.39 and its 200 day moving average is $36.30. The stock has a market cap of $971.22 million, a P/E ratio of 3.85 and a beta of 0.93. Dorian LPG Ltd. has a 52-week low of $22.46 and a 52-week high of $51.66. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The shipping company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.17). The company had revenue of $82.40 million during the quarter, compared to analysts' expectations of $82.40 million. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. The business's quarterly revenue was down 43.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.85 EPS. As a group, analysts anticipate that Dorian LPG Ltd. will post 3.45 EPS for the current year.

Dorian LPG Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th were given a $1.00 dividend. The ex-dividend date was Tuesday, November 5th. Dorian LPG's payout ratio is 16.95%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated a "buy" rating and set a $42.00 price objective on shares of Dorian LPG in a research report on Thursday, October 31st.

About Dorian LPG

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.