Dorian LPG Ltd. (NYSE:LPG) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Dorian LPG Ltd. (NYSE:LPG) by 11.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 524,339 shares of the shipping company’s stock after acquiring an additional 52,571 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Dorian LPG were worth $12,778,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in Dorian LPG during the fourth quarter valued at $135,000. Bank of New York Mellon Corp increased its stake in Dorian LPG by 27.0% during the fourth quarter. Bank of New York Mellon Corp now owns 299,417 shares of the shipping company’s stock valued at $7,297,000 after acquiring an additional 63,613 shares during the period. Y Intercept Hong Kong Ltd increased its stake in Dorian LPG by 20.6% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 32,917 shares of the shipping company’s stock valued at $802,000 after acquiring an additional 5,628 shares during the period. Ieq Capital LLC bought a new position in Dorian LPG during the fourth quarter valued at about $206,000. Finally, Atria Wealth Solutions Inc. increased its stake in Dorian LPG by 18.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 35,031 shares of the shipping company’s stock valued at $854,000 after acquiring an additional 5,372 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

Dorian LPG Stock Performance

Shares of LPG stock opened at $23.02 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. The stock has a market cap of $985.13 million, a PE ratio of 5.86 and a beta of 0.87. The stock has a 50-day moving average of $22.99 and a 200-day moving average of $27.00. Dorian LPG Ltd. has a one year low of $19.36 and a one year high of $51.66.

Dorian LPG (NYSE:LPG) last posted 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 quarter in the previous year, the business posted $2.62 earnings per share. As a group, sell-side analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

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

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.