Raymond James Financial Inc. purchased a new position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,639 shares of the shipping company's stock, valued at approximately $698,000. Raymond James Financial Inc. owned about 0.07% of Dorian LPG at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of LPG. Victory Capital Management Inc. raised its stake in shares of Dorian LPG by 10.3% in the 4th quarter. Victory Capital Management Inc. now owns 180,701 shares of the shipping company's stock valued at $4,404,000 after acquiring an additional 16,947 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Dorian LPG by 11.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company's stock valued at $12,778,000 after purchasing an additional 52,571 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Dorian LPG in the 4th quarter valued at $135,000. Bank of New York Mellon Corp raised its position in Dorian LPG by 27.0% in the fourth quarter. Bank of New York Mellon Corp now owns 299,417 shares of the shipping company's stock valued at $7,297,000 after purchasing an additional 63,613 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of Dorian LPG by 20.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 32,917 shares of the shipping company's stock worth $802,000 after purchasing an additional 5,628 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Dorian LPG
In other news, CEO John C. Hadjipateras acquired 12,500 shares of the business's stock in a transaction on Tuesday, April 8th. The shares were purchased at an average price of $17.75 per share, for a total transaction of $221,875.00. Following the completion of the purchase, the chief executive officer now directly owns 1,824,386 shares of the company's stock, valued at $32,382,851.50. This represents a 0.69 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.40% of the stock is currently owned by insiders.
Dorian LPG Stock Up 13.0 %
Shares of Dorian LPG stock traded up $2.37 during trading hours on Friday, hitting $20.56. 1,228,880 shares of the company's stock traded hands, compared to its average volume of 714,307. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $51.66. The company has a market cap of $880.01 million, a PE ratio of 5.23 and a beta of 0.67. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $21.53 and a 200-day simple moving average of $25.28.
Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share 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 quarter last year, the firm posted $2.62 earnings per share. Equities research analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.
Dorian LPG Cuts Dividend
The business also recently declared a dividend, which was paid on Thursday, February 27th. Investors of record on Wednesday, February 5th were issued a $0.70 dividend. The ex-dividend date was Wednesday, February 5th. Dorian LPG's dividend payout ratio is presently 25.45%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on LPG. Jefferies Financial Group reiterated a "buy" rating and set a $35.00 target price on shares of Dorian LPG in a report on Friday, January 31st. Pareto Securities upgraded shares of Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th.
Read Our Latest Analysis on LPG
About Dorian LPG
(
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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