Mutual of America Capital Management LLC Makes New $262,000 Investment in Dorian LPG Ltd. (NYSE:LPG)

Mutual of America Capital Management LLC bought a new position in shares of Dorian LPG Ltd. (NYSE:LPG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,980 shares of the shipping company’s stock, valued at approximately $262,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in Dorian LPG by 63.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 417,493 shares of the shipping company’s stock worth $11,995,000 after acquiring an additional 162,663 shares during the period. Vanguard Group Inc. raised its position in shares of Dorian LPG by 13.9% during the third quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock valued at $42,501,000 after buying an additional 180,246 shares during the last quarter. Invesco Ltd. raised its position in shares of Dorian LPG by 10.5% during the third quarter. Invesco Ltd. now owns 798,371 shares of the shipping company’s stock valued at $22,937,000 after buying an additional 75,584 shares during the last quarter. Ibex Wealth Advisors bought a new stake in shares of Dorian LPG during the third quarter valued at approximately $510,000. Finally, First Eagle Investment Management LLC raised its position in shares of Dorian LPG by 37.7% during the third quarter. First Eagle Investment Management LLC now owns 218,491 shares of the shipping company’s stock valued at $6,277,000 after buying an additional 59,850 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

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

Dorian LPG Trading Up 2.1 %

Shares of NYSE LPG opened at $41.75 on Wednesday. The stock has a market capitalization of $1.69 billion, a P/E ratio of 5.54 and a beta of 1.13. Dorian LPG Ltd. has a 1-year low of $21.02 and a 1-year high of $49.54. The business’s 50 day moving average is $37.84 and its two-hundred day moving average is $38.61. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.31 and a quick ratio of 3.29.

Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share 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 the consensus estimate of $154.49 million. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. During the same quarter in the previous year, the company posted $1.29 EPS. As a group, research analysts expect that Dorian LPG Ltd. will post 7.29 EPS for the current year.

About Dorian LPG

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.