Dorian LPG Ltd. (NYSE:LPG) Stake Increased by American Century Companies Inc.

American Century Companies Inc. boosted its stake in Dorian LPG Ltd. (NYSE:LPG) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,352,071 shares of the shipping company’s stock after acquiring an additional 134,289 shares during the period. American Century Companies Inc. owned 3.16% of Dorian LPG worth $32,950,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Beacon Capital Management LLC boosted its holdings in Dorian LPG by 61.1% in the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock worth $27,000 after purchasing an additional 428 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Dorian LPG by 7.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,446 shares of the shipping company’s stock worth $325,000 after buying an additional 692 shares during the last quarter. Procyon Advisors LLC boosted its holdings in shares of Dorian LPG by 4.7% in the 4th quarter. Procyon Advisors LLC now owns 15,894 shares of the shipping company’s stock valued at $387,000 after buying an additional 719 shares during the period. KBC Group NV grew its position in shares of Dorian LPG by 84.6% during the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock valued at $51,000 after buying an additional 951 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in Dorian LPG by 146.2% during the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock worth $53,000 after acquiring an additional 1,303 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Dorian LPG Price Performance

Shares of NYSE:LPG opened at $22.49 on Friday. The firm’s 50 day moving average is $22.67 and its two-hundred day moving average is $26.54. The firm has a market capitalization of $962.79 million, a P/E ratio of 5.72 and a beta of 0.87. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. Dorian LPG Ltd. has a 52 week low of $19.36 and a 52 week high of $51.66.

Dorian LPG (NYSE:LPG) last posted its 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 return on equity of 15.14% and a net margin of 38.51%. During the same period in the previous year, the company posted $2.62 EPS. Analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 27th. Investors of record on Wednesday, February 5th were paid a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 5th. Dorian LPG’s dividend payout ratio is currently 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.