Dorian LPG (NYSE:LPG) Hits New 1-Year Low - Should You Sell?

Shares of Dorian LPG Ltd. (NYSE:LPG - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $19.80 and last traded at $20.03, with a volume of 257582 shares traded. The stock had previously closed at $20.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Pareto Securities upgraded shares of Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th. Jefferies Financial Group reiterated a "buy" rating and set a $35.00 price objective on shares of Dorian LPG in a research note on Friday, January 31st.

Dorian LPG Stock Up 2.0 %

The firm has a market capitalization of $872.22 million, a price-to-earnings ratio of 5.17 and a beta of 0.91. The firm has a fifty day moving average price of $23.70 and a 200 day moving average price of $28.29. 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 released its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) 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 business earned $2.62 earnings per share. Sell-side analysts anticipate that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal 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 $0.70 dividend. The ex-dividend date was Wednesday, February 5th. Dorian LPG's dividend payout ratio (DPR) is presently 25.45%.

Hedge Funds Weigh In On Dorian LPG

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its holdings in shares of Dorian LPG by 3.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 20,672 shares of the shipping company's stock valued at $711,000 after purchasing an additional 652 shares during the period. New York State Teachers Retirement System increased its position in Dorian LPG by 1.9% during the third quarter. New York State Teachers Retirement System now owns 21,640 shares of the shipping company's stock worth $745,000 after buying an additional 394 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Dorian LPG by 98.9% in the third quarter. Farther Finance Advisors LLC now owns 20,577 shares of the shipping company's stock valued at $708,000 after buying an additional 10,229 shares during the period. Olympiad Research LP lifted its position in shares of Dorian LPG by 324.6% in the third quarter. Olympiad Research LP now owns 23,129 shares of the shipping company's stock valued at $796,000 after buying an additional 17,682 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Dorian LPG by 87.3% during the 3rd quarter. Victory Capital Management Inc. now owns 163,754 shares of the shipping company's stock worth $5,636,000 after acquiring an additional 76,334 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

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.