Dorian LPG Ltd. (NYSE:LPG) Position Lifted by Raymond James & Associates

Raymond James & Associates raised its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 336.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,667 shares of the shipping company’s stock after acquiring an additional 24,418 shares during the quarter. Raymond James & Associates owned approximately 0.08% of Dorian LPG worth $1,389,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its position in shares of Dorian LPG by 134.6% in the 1st quarter. Captrust Financial Advisors now owns 1,715 shares of the shipping company’s stock worth $25,000 after buying an additional 984 shares during the last quarter. Quarry LP lifted its position in shares of Dorian LPG by 79.3% in the 2nd quarter. Quarry LP now owns 1,325 shares of the shipping company’s stock worth $34,000 after buying an additional 586 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Dorian LPG by 43.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,412 shares of the shipping company’s stock worth $36,000 after buying an additional 430 shares during the last quarter. CWM LLC lifted its position in shares of Dorian LPG by 63.2% in the 3rd quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock worth $41,000 after buying an additional 547 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Dorian LPG by 30.7% in the 1st quarter. NewEdge Advisors LLC now owns 2,412 shares of the shipping company’s stock worth $48,000 after buying an additional 566 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LPG has been the topic of a number of recent research reports. DNB Markets downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research report on Friday, January 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Dorian LPG in a report on Thursday, February 1st. Finally, StockNews.com cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Dorian LPG Stock Up 0.9 %

Dorian LPG stock opened at $39.80 on Friday. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 5.29 and a beta of 1.13. The company has a current ratio of 3.31, a quick ratio of 3.29 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average price is $37.61 and its two-hundred day moving average price is $38.27. Dorian LPG Ltd. has a 52 week low of $21.02 and a 52 week high of $49.54.

Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, beating the consensus estimate of $2.27 by $0.35. The firm had revenue of $163.06 million for the quarter, compared to analysts’ expectations of $154.49 million. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. During the same quarter last year, the company earned $1.29 EPS. On average, analysts expect that Dorian LPG Ltd. will post 7.29 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The business also recently announced a None dividend, which was paid on Tuesday, February 27th. Shareholders of record on Monday, February 5th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, February 2nd. Dorian LPG’s payout ratio is 26.56%.

Dorian LPG Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.