28,639 Shares in Dorian LPG Ltd. (NYSE:LPG) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Dorian LPG Ltd. (NYSE:LPG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,639 shares of the shipping company’s stock, valued at approximately $698,000.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LPG shares. Pareto Securities raised Dorian LPG to a “buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group restated a “buy” rating and issued a $35.00 price objective on shares of Dorian LPG in a research report on Friday, January 31st.

Dorian LPG Stock Performance

Shares of LPG opened at $17.29 on Monday. Dorian LPG Ltd. has a 1 year low of $16.66 and a 1 year high of $51.66. The company’s 50 day simple moving average is $22.33 and its 200 day simple moving average is $25.93. The company has a market capitalization of $739.91 million, a price-to-earnings ratio of 4.40 and a beta of 0.87. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $2.62 EPS. On average, sell-side analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th were paid a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG’s payout ratio is 25.45%.

Dorian LPG Company 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.