Dorian LPG Ltd. (NYSE:LPG) Shares Bought by Empowered Funds LLC

Empowered Funds LLC raised its stake in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 10.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 321,201 shares of the shipping company's stock after purchasing an additional 30,756 shares during the period. Empowered Funds LLC owned 0.75% of Dorian LPG worth $7,828,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in shares of Dorian LPG during the 4th quarter valued at about $37,000. KBC Group NV grew its position in shares of Dorian LPG by 84.6% during the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock valued at $51,000 after buying an additional 951 shares during the last quarter. GAMMA Investing LLC grew its position in shares of 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 buying an additional 1,303 shares during the last quarter. CWM LLC grew its position in shares of Dorian LPG by 285.4% during the 3rd quarter. CWM LLC now owns 2,058 shares of the shipping company's stock valued at $71,000 after buying an additional 1,524 shares during the last quarter. Finally, Viking Fund Management LLC bought a new stake in shares of Dorian LPG during the 4th quarter valued at about $219,000. Institutional investors own 62.50% of the company's stock.

Dorian LPG Stock Performance

Dorian LPG stock traded down $0.18 during midday trading on Friday, reaching $22.58. 534,622 shares of the stock traded hands, compared to its average volume of 774,961. The company has a current ratio of 3.97, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $24.29 and a two-hundred day moving average price of $29.94. The firm has a market cap of $966.34 million, a price-to-earnings ratio of 5.74 and a beta of 0.91. Dorian LPG Ltd. has a fifty-two week low of $22.23 and a fifty-two week high of $51.66.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its 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 net margin of 38.51% and a return on equity of 15.14%. During the same quarter last year, the business posted $2.62 earnings per share. On average, equities research analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, February 5th. Dorian LPG's payout ratio is 25.45%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a "buy" rating and set a $35.00 price objective on shares of Dorian LPG in a research report on Friday, January 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.