Cwm LLC Lowers Stock Position in Dorian LPG Ltd. (NYSE:LPG)

Cwm LLC trimmed its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 38.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 866 shares of the shipping company’s stock after selling 547 shares during the quarter. Cwm LLC’s holdings in Dorian LPG were worth $38,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dorian LPG by 56.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,160 shares of the shipping company’s stock worth $358,000 after acquiring an additional 2,943 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Dorian LPG in the 4th quarter valued at about $750,000. Saxony Capital Management LLC purchased a new position in shares of Dorian LPG in the 4th quarter worth approximately $231,000. Perigon Wealth Management LLC bought a new position in shares of Dorian LPG during the 4th quarter worth approximately $531,000. Finally, Mutual of America Capital Management LLC purchased a new stake in Dorian LPG during the fourth quarter valued at approximately $262,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Trading Up 0.7 %

Shares of NYSE:LPG opened at $44.06 on Friday. The business has a 50-day moving average price of $39.46 and a 200-day moving average price of $39.48. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 5.85 and a beta of 1.07. Dorian LPG Ltd. has a 52-week low of $21.11 and a 52-week high of $49.54. The company has a quick ratio of 3.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.57.

Dorian LPG Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. DNB Markets lowered Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research note on Friday, January 26th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $50.00 target price on shares of Dorian LPG in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Dorian LPG has a consensus rating of “Moderate Buy” and a consensus price target 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.