4,854 Shares in Dorian LPG Ltd. (NYSE:LPG) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in Dorian LPG Ltd. (NYSE:LPG) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 4,854 shares of the shipping company’s stock, valued at approximately $118,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WINTON GROUP Ltd lifted its stake in Dorian LPG by 42.2% in the 4th quarter. WINTON GROUP Ltd now owns 45,298 shares of the shipping company’s stock valued at $1,104,000 after purchasing an additional 13,452 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Dorian LPG in the fourth quarter valued at approximately $353,000. KLP Kapitalforvaltning AS bought a new position in shares of Dorian LPG during the 4th quarter worth approximately $449,000. American Century Companies Inc. increased its holdings in shares of Dorian LPG by 11.0% during the 4th quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company’s stock worth $32,950,000 after acquiring an additional 134,289 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in Dorian LPG by 30.1% in the 4th quarter. Intech Investment Management LLC now owns 17,467 shares of the shipping company’s stock valued at $426,000 after acquiring an additional 4,043 shares during the period. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Performance

LPG opened at $20.12 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 company has a market capitalization of $861.39 million, a PE ratio of 5.12 and a beta of 0.87. The business has a fifty day simple moving average of $22.46 and a 200 day simple moving average of $26.18. Dorian LPG Ltd. has a 1 year low of $19.36 and a 1 year high of $51.66.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same period in the prior year, the firm earned $2.62 EPS. Research analysts expect 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. Stockholders of record on Wednesday, February 5th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG’s payout ratio is 25.45%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LPG shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $35.00 price objective 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 note on Tuesday, February 4th.

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.