Dorian LPG Ltd. (NYSE:LPG) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its holdings in Dorian LPG Ltd. (NYSE:LPG) by 93.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 718 shares of the shipping company’s stock after selling 9,470 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Dorian LPG were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LPG. Vanguard Group Inc. boosted its stake in shares of Dorian LPG by 13.9% in 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 in the last quarter. Pacer Advisors Inc. boosted its position in shares of Dorian LPG by 45.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,342,303 shares of the shipping company’s stock worth $58,887,000 after purchasing an additional 416,809 shares in the last quarter. Invesco Ltd. grew its stake in shares of Dorian LPG by 10.5% during the 3rd quarter. Invesco Ltd. now owns 798,371 shares of the shipping company’s stock worth $22,937,000 after purchasing an additional 75,584 shares during the period. American Century Companies Inc. increased its holdings in shares of Dorian LPG by 12.9% in the 3rd quarter. American Century Companies Inc. now owns 521,274 shares of the shipping company’s stock valued at $14,976,000 after purchasing an additional 59,580 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Dorian LPG by 63.8% in the third 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. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

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

Dorian LPG Trading Up 2.8 %

Shares of Dorian LPG stock opened at $40.93 on Tuesday. Dorian LPG Ltd. has a 1 year low of $21.02 and a 1 year high of $49.54. 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 business has a 50 day moving average price of $37.72 and a 200 day moving average price of $38.52. The company has a market capitalization of $1.66 billion, a P/E ratio of 5.44 and a beta of 1.13.

Dorian LPG (NYSE:LPG) last released 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 analysts’ expectations of $154.49 million. During the same period in the previous year, the firm posted $1.29 earnings per share. Sell-side analysts anticipate that Dorian LPG Ltd. will post 7.29 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The firm also recently disclosed a None dividend, which was paid on Tuesday, February 27th. Stockholders of record on Monday, February 5th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, February 2nd. Dorian LPG’s dividend payout ratio is currently 26.56%.

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.