American Century Companies Inc. Grows Stake in Dorian LPG Ltd. (NYSE:LPG)

American Century Companies Inc. lifted its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,352,071 shares of the shipping company's stock after buying an additional 134,289 shares during the period. American Century Companies Inc. owned approximately 3.16% of Dorian LPG worth $32,950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LPG. Pacer Advisors Inc. increased its position in shares of Dorian LPG by 20.8% during the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company's stock worth $100,583,000 after purchasing an additional 711,313 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dorian LPG by 9.1% during the third quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company's stock valued at $33,195,000 after acquiring an additional 80,757 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Dorian LPG by 27.0% in the 4th quarter. Bank of New York Mellon Corp now owns 299,417 shares of the shipping company's stock valued at $7,297,000 after purchasing an additional 63,613 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Dorian LPG by 11.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company's stock worth $12,778,000 after purchasing an additional 52,571 shares in the last quarter. Finally, Barclays PLC grew its position in Dorian LPG by 392.6% during the 3rd quarter. Barclays PLC now owns 62,935 shares of the shipping company's stock worth $2,167,000 after purchasing an additional 50,160 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently issued reports on LPG. Pareto Securities upgraded Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th. 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 Stock Performance

Dorian LPG stock traded down $0.27 during mid-day trading on Wednesday, hitting $21.85. The company had a trading volume of 425,632 shares, compared to its average volume of 696,165. The company's fifty day moving average is $22.54 and its 200-day moving average is $26.23. Dorian LPG Ltd. has a 12-month low of $19.36 and a 12-month high of $51.66. The company has a market capitalization of $935.27 million, a price-to-earnings ratio of 5.56 and a beta of 0.87. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data 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 net margin of 38.51% and a return on equity of 15.14%. During the same period in the prior year, the company earned $2.62 earnings per share. Equities research analysts predict that Dorian LPG Ltd. will post 2.6 EPS 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 dividend of $0.70 per share. The ex-dividend date was Wednesday, February 5th. Dorian LPG's payout ratio is 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.