Dorian LPG Ltd. (NYSE:LPG) Stock Holdings Trimmed by Navellier & Associates Inc.

Navellier & Associates Inc. lowered its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 79.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,705 shares of the shipping company’s stock after selling 61,021 shares during the period. Navellier & Associates Inc.’s holdings in Dorian LPG were worth $383,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its stake in Dorian LPG by 20.8% during 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 in the last quarter. State Street Corp raised its stake in 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 acquiring an additional 47,780 shares in the last quarter. Geode Capital Management LLC raised its stake in Dorian LPG by 9.1% during the 3rd quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock valued at $33,195,000 after acquiring an additional 80,757 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Dorian LPG by 7.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company’s stock valued at $16,238,000 after acquiring an additional 34,344 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Dorian LPG by 10.6% in the 4th quarter. Empowered Funds LLC now owns 321,201 shares of the shipping company’s stock worth $7,828,000 after buying an additional 30,756 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Down 1.5 %

LPG opened at $22.40 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. The company has a market capitalization of $958.81 million, a PE ratio of 5.70 and a beta of 0.91. The stock’s fifty day moving average is $24.17 and its 200-day moving average is $29.13. Dorian LPG Ltd. has a one year low of $22.23 and a one year high of $51.66.

Dorian LPG (NYSE:LPG) last issued its earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) 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 period in the previous year, the business posted $2.62 EPS. On average, equities analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

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

Analysts Set New Price Targets

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

About Dorian LPG

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.