Perigon Wealth Management LLC Buys New Stake in Dorian LPG Ltd. (NYSE:LPG)

Perigon Wealth Management LLC purchased a new position in Dorian LPG Ltd. (NYSE:LPG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 12,095 shares of the shipping company’s stock, valued at approximately $531,000.

A number of other institutional investors have also recently made changes to their positions in LPG. Advisor Group Holdings Inc. grew its holdings in Dorian LPG by 1,571.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,870 shares of the shipping company’s stock valued at $100,000 after buying an additional 6,459 shares in the last quarter. Swiss National Bank increased its position in Dorian LPG by 7.5% in the first quarter. Swiss National Bank now owns 75,985 shares of the shipping company’s stock worth $1,101,000 after purchasing an additional 5,300 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Dorian LPG by 32.6% during the first quarter. JPMorgan Chase & Co. now owns 799,380 shares of the shipping company’s stock valued at $11,583,000 after purchasing an additional 196,749 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Dorian LPG by 27.1% in the 1st quarter. American Century Companies Inc. now owns 143,744 shares of the shipping company’s stock worth $2,083,000 after buying an additional 30,663 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Dorian LPG by 7.4% in the 1st quarter. Citigroup Inc. now owns 69,755 shares of the shipping company’s stock valued at $1,011,000 after acquiring an additional 4,820 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Trading Down 0.8 %

NYSE LPG opened at $39.05 on Tuesday. The stock has a market cap of $1.59 billion, a PE ratio of 5.19 and a beta of 1.13. Dorian LPG Ltd. has a 12 month low of $21.02 and a 12 month high of $49.54. The company’s 50-day moving average price is $37.29 and its 200-day moving average price is $38.10. The company has a current ratio of 3.31, a quick ratio of 3.29 and a debt-to-equity ratio of 0.57.

Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The business had revenue of $163.06 million for the quarter, compared to the consensus estimate of $154.49 million. During the same period in the prior year, the firm earned $1.29 EPS. Equities research analysts forecast that Dorian LPG Ltd. will post 7.29 earnings per share for the current year.

Dorian LPG Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Dorian LPG Company 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.