14,466 Shares in Dorian LPG Ltd. (NYSE:LPG) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new position in shares of Dorian LPG Ltd. (NYSE:LPG) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,466 shares of the shipping company’s stock, valued at approximately $353,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in Dorian LPG by 7.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company’s stock worth $16,238,000 after purchasing an additional 34,344 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Dorian LPG by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 197,574 shares of the shipping company’s stock worth $6,800,000 after buying an additional 25,343 shares in the last quarter. Cynosure Group LLC increased its position in Dorian LPG by 248.0% in the 3rd quarter. Cynosure Group LLC now owns 31,655 shares of the shipping company’s stock valued at $1,090,000 after acquiring an additional 22,560 shares during the period. Barclays PLC raised its stake in Dorian LPG by 392.6% during the 3rd quarter. Barclays PLC now owns 62,935 shares of the shipping company’s stock valued at $2,167,000 after acquiring an additional 50,160 shares in the last quarter. Finally, State Street Corp boosted its position 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 worth $46,722,000 after acquiring an additional 47,780 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Dorian LPG Stock Up 0.0 %

Shares of LPG stock opened at $23.15 on Thursday. Dorian LPG Ltd. has a 1 year low of $19.36 and a 1 year high of $51.66. 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 business’s fifty day moving average is $22.78 and its 200-day moving average is $26.66. The stock has a market cap of $990.70 million, a PE ratio of 5.89 and a beta of 0.87.

Dorian LPG (NYSE:LPG) last released 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 last year, the company earned $2.62 EPS. Equities analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LPG. Pareto Securities raised Dorian LPG to a “buy” rating in a report on Tuesday, February 4th. Jefferies Financial Group restated a “buy” rating and set a $35.00 price target on shares of Dorian LPG in a research report on Friday, January 31st.

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.