Atria Wealth Solutions Inc. Purchases 5,372 Shares of Dorian LPG Ltd. (NYSE:LPG)

Atria Wealth Solutions Inc. boosted its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 18.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 35,031 shares of the shipping company’s stock after acquiring an additional 5,372 shares during the period. Atria Wealth Solutions Inc.’s holdings in Dorian LPG were worth $854,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Beacon Capital Management LLC increased its holdings in shares of Dorian LPG by 61.1% in the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock worth $27,000 after buying an additional 428 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in Dorian LPG in the fourth quarter worth about $37,000. KBC Group NV increased its stake in Dorian LPG by 84.6% during the fourth quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock worth $51,000 after acquiring an additional 951 shares during the last quarter. GAMMA Investing LLC raised its position in Dorian LPG by 146.2% during the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock valued at $53,000 after purchasing an additional 1,303 shares during the period. Finally, CWM LLC lifted its stake in shares of Dorian LPG by 285.4% in the 3rd quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock valued at $71,000 after purchasing an additional 1,524 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LPG. Jefferies Financial Group reissued a “buy” rating and set a $35.00 target price on shares of Dorian LPG in a research report on Friday, January 31st. Pareto Securities upgraded shares of Dorian LPG to a “buy” rating in a research report on Tuesday, February 4th.

Dorian LPG Stock Up 0.8 %

Shares of NYSE:LPG opened at $22.60 on Tuesday. The firm has a market capitalization of $967.28 million, a PE ratio of 5.75 and a beta of 0.91. The business has a 50 day simple moving average of $24.15 and a two-hundred day simple moving average of $29.03. Dorian LPG Ltd. has a 1 year low of $22.10 and a 1 year high of $51.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, beating 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 company posted $2.62 earnings per share. On average, equities analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Cuts Dividend

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

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.