Dorian LPG (NYSE:LPG) Hits New 52-Week Low - Here's What Happened

Dorian LPG Ltd. (NYSE:LPG - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The company traded as low as $18.25 and last traded at $18.11, with a volume of 16980 shares. The stock had previously closed at $20.12.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Jefferies Financial Group restated a "buy" rating and issued a $35.00 price target on shares of Dorian LPG in a research report on Friday, January 31st. Pareto Securities upgraded shares of Dorian LPG to a "buy" rating in a report on Tuesday, February 4th.

Dorian LPG Price Performance

The stock has a 50 day moving average of $21.97 and a 200-day moving average of $25.64. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $814.56 million, a P/E ratio of 4.80 and a beta of 0.67.

Dorian LPG (NYSE:LPG - Get Free Report) last released its earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $2.62 earnings per share. On average, equities research analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

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Dorian LPG Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG's dividend payout ratio (DPR) is presently 25.45%.

Institutional Trading of Dorian LPG

Large investors have recently modified their holdings of the company. Beacon Capital Management LLC grew its position in shares of Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock worth $27,000 after buying an additional 428 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Dorian LPG in the 4th quarter worth approximately $37,000. Quarry LP boosted its stake in shares of Dorian LPG by 155.3% during the fourth quarter. Quarry LP now owns 2,035 shares of the shipping company's stock valued at $50,000 after purchasing an additional 1,238 shares in the last quarter. KBC Group NV raised its stake 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 buying an additional 951 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Dorian LPG by 146.2% during the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company's stock worth $53,000 after buying an additional 1,303 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

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.