EntryPoint Capital LLC Purchases Shares of 14,466 Dorian LPG Ltd. (NYSE:LPG)

EntryPoint Capital LLC purchased a new stake in Dorian LPG Ltd. (NYSE:LPG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,466 shares of the shipping company's stock, valued at approximately $353,000.

Other hedge funds have also modified their holdings of the company. Pacer Advisors Inc. grew its stake in Dorian LPG by 20.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company's stock valued at $100,583,000 after acquiring an additional 711,313 shares during the period. American Century Companies Inc. grew its position in shares of Dorian LPG by 11.0% in the 4th quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company's stock valued at $32,950,000 after purchasing an additional 134,289 shares during the period. Geode Capital Management LLC grew its position in shares of Dorian LPG by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company's stock valued at $33,195,000 after purchasing an additional 80,757 shares during the period. Bank of New York Mellon Corp increased its stake in Dorian LPG by 27.0% during the 4th quarter. Bank of New York Mellon Corp now owns 299,417 shares of the shipping company's stock worth $7,297,000 after purchasing an additional 63,613 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Dorian LPG by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company's stock worth $12,778,000 after buying an additional 52,571 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Pareto Securities raised shares of Dorian LPG to a "buy" rating in a research report on Tuesday, February 4th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $35.00 target price on shares of Dorian LPG in a research note on Friday, January 31st.

Dorian LPG Stock Down 0.6 %

NYSE:LPG traded down $0.14 on Monday, hitting $22.36. 596,857 shares of the company's stock were exchanged, compared to its average volume of 704,505. The firm has a 50-day moving average price of $22.61 and a 200-day moving average price of $26.34. Dorian LPG Ltd. has a 52 week low of $19.36 and a 52 week high of $51.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. The company has a market cap of $956.97 million, a P/E ratio of 5.69 and a beta of 0.87.

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 (EPS) 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 last year, the firm earned $2.62 EPS. As a group, analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG's dividend payout ratio is 25.45%.

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.