Atria Wealth Solutions Inc. Has $1.12 Million Stock Position in Dorian LPG Ltd. (NYSE:LPG)

Atria Wealth Solutions Inc. decreased its stake in Dorian LPG Ltd. (NYSE:LPG) by 31.1% in the fourth quarter, HoldingsChannel reports. The firm owned 25,437 shares of the shipping company’s stock after selling 11,469 shares during the period. Atria Wealth Solutions Inc.’s holdings in Dorian LPG were worth $1,116,000 at the end of the most recent quarter.

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

Dorian LPG Stock Down 0.5 %

LPG opened at $41.12 on Thursday. Dorian LPG Ltd. has a fifty-two week low of $21.02 and a fifty-two week high of $49.54. The business has a 50-day moving average of $38.62 and a 200-day moving average of $39.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.31 and a quick ratio of 3.29. The company has a market capitalization of $1.67 billion, a PE ratio of 5.46 and a beta of 1.13.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. The company had revenue of $163.06 million during the quarter, compared to the consensus estimate of $154.49 million. During the same period last year, the business earned $1.29 EPS. Equities research analysts forecast that Dorian LPG Ltd. will post 7.49 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The business also recently disclosed a None dividend, which will be paid on Thursday, May 30th. Investors of record on Wednesday, May 8th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. Dorian LPG’s payout ratio is 26.56%.

Analysts Set New Price Targets

LPG has been the subject of several research analyst reports. StockNews.com downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group reissued a “buy” rating and issued a $50.00 price objective on shares of Dorian LPG in a research note on Thursday, February 1st. Finally, DNB Markets downgraded Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a research note on Friday, January 26th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

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.