First Eagle Investment Management LLC lifted its holdings in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 330,325 shares of the shipping company's stock after purchasing an additional 29,750 shares during the period. First Eagle Investment Management LLC owned about 0.77% of Dorian LPG worth $8,050,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Beacon Capital Management LLC increased its stake in shares of Dorian LPG by 61.1% in the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock valued at $27,000 after purchasing an additional 428 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Dorian LPG by 7.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,446 shares of the shipping company's stock valued at $325,000 after purchasing an additional 692 shares in the last quarter. Procyon Advisors LLC increased its stake in shares of Dorian LPG by 4.7% in the 4th quarter. Procyon Advisors LLC now owns 15,894 shares of the shipping company's stock valued at $387,000 after purchasing an additional 719 shares in the last quarter. KBC Group NV increased its stake in Dorian LPG by 84.6% during the 4th 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 increased its stake in Dorian LPG by 146.2% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.
Dorian LPG Price Performance
Shares of LPG stock traded up $0.70 during trading hours on Wednesday, reaching $23.22. The company had a trading volume of 591,283 shares, compared to its average volume of 670,178. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. The stock has a fifty day moving average of $23.12 and a 200-day moving average of $27.16. The company has a market capitalization of $994.08 million, a price-to-earnings ratio of 5.91 and a beta of 0.87. Dorian LPG Ltd. has a 12-month low of $19.36 and a 12-month high of $51.66.
Dorian LPG (NYSE:LPG - Get Free Report) last posted 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 last year, the firm earned $2.62 earnings per share. On average, equities analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.
Dorian LPG Cuts Dividend
The business also recently declared a dividend, which was paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG's dividend payout ratio (DPR) is presently 25.45%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. 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. Pareto Securities upgraded Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th.
View Our Latest Analysis on LPG
Dorian LPG Company Profile
(
Free Report)
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.
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