Los Angeles Capital Management LLC Boosts Position in Dorian LPG Ltd. (NYSE:LPG)

Los Angeles Capital Management LLC increased its position in Dorian LPG Ltd. (NYSE:LPG) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,335 shares of the shipping company’s stock after acquiring an additional 6,070 shares during the quarter. Los Angeles Capital Management LLC owned about 0.19% of Dorian LPG worth $3,437,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Dorian LPG by 13.9% during the third quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock valued at $42,501,000 after purchasing an additional 180,246 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Dorian LPG by 45.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,342,303 shares of the shipping company’s stock worth $58,887,000 after purchasing an additional 416,809 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Dorian LPG by 10.5% during the 3rd quarter. Invesco Ltd. now owns 798,371 shares of the shipping company’s stock valued at $22,937,000 after buying an additional 75,584 shares in the last quarter. American Century Companies Inc. boosted its stake in Dorian LPG by 12.9% in the third quarter. American Century Companies Inc. now owns 521,274 shares of the shipping company’s stock worth $14,976,000 after buying an additional 59,580 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Dorian LPG by 63.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 417,493 shares of the shipping company’s stock valued at $11,995,000 after purchasing an additional 162,663 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Stock Performance

Shares of LPG stock opened at $42.89 on Monday. The stock has a fifty day moving average of $38.90 and a 200 day moving average of $39.25. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 5.70 and a beta of 1.08. The company has a quick ratio of 3.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.57. Dorian LPG Ltd. has a 52 week low of $21.07 and a 52 week high of $49.54.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.35. The company had revenue of $163.06 million during the quarter, compared to analysts’ expectations of $154.49 million. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. During the same period last year, the company posted $1.29 EPS. As a group, research analysts expect that Dorian LPG Ltd. will post 7.49 earnings per share for the current year.

Dorian LPG Announces Dividend

The business also recently declared a None dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 8th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. Dorian LPG’s dividend payout ratio is currently 26.56%.

Analysts Set New Price Targets

LPG has been the topic of several recent research reports. DNB Markets lowered Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research report on Friday, January 26th. Jefferies Financial Group reiterated a “buy” rating and set a $50.00 price target on shares of Dorian LPG in a report on Thursday, February 1st. Finally, StockNews.com lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Dorian LPG Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.