Dorian LPG Ltd. (NYSE:LPG) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC raised its position in Dorian LPG Ltd. (NYSE:LPG) by 13.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,984 shares of the shipping company’s stock after buying an additional 1,827 shares during the period. HighTower Advisors LLC’s holdings in Dorian LPG were worth $365,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of Dorian LPG by 20.8% in the 4th quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock valued at $100,583,000 after acquiring an additional 711,313 shares during the last quarter. State Street Corp grew its position in shares of Dorian LPG by 3.6% during the 3rd quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock valued at $46,722,000 after buying an additional 47,780 shares during the last quarter. Geode Capital Management LLC raised its stake in Dorian LPG by 9.1% during the third quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock worth $33,195,000 after acquiring an additional 80,757 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Dorian LPG by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company’s stock worth $12,778,000 after acquiring an additional 52,571 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in Dorian LPG by 10.6% in the fourth quarter. Empowered Funds LLC now owns 321,201 shares of the shipping company’s stock valued at $7,828,000 after acquiring an additional 30,756 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

Dorian LPG Stock Performance

LPG opened at $22.36 on Tuesday. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $22.61 and its 200-day moving average is $26.34. The stock has a market cap of $956.97 million, a PE ratio of 5.69 and a beta of 0.87. Dorian LPG Ltd. has a twelve month low of $19.36 and a twelve month high of $51.66.

Dorian LPG (NYSE:LPG) last announced its earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. During the same quarter in the prior year, the company posted $2.62 EPS. On average, analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 27th. Investors of record on Wednesday, February 5th were given a $0.70 dividend. The ex-dividend date was Wednesday, February 5th. Dorian LPG’s dividend payout ratio is presently 25.45%.

Wall Street Analyst Weigh In

LPG has been the topic of several recent research reports. Pareto Securities raised Dorian LPG to a “buy” rating in a report on Tuesday, February 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $35.00 target price on shares of Dorian LPG in a research note on Friday, January 31st.

Dorian LPG Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.