Empowered Funds LLC Has $7.83 Million Stock Holdings in Dorian LPG Ltd. (NYSE:LPG)

Empowered Funds LLC raised its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 321,201 shares of the shipping company’s stock after buying an additional 30,756 shares during the period. Empowered Funds LLC owned about 0.75% of Dorian LPG worth $7,828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bleakley Financial Group LLC acquired a new stake in Dorian LPG during the fourth quarter valued at $273,000. Heck Capital Advisors LLC acquired a new stake in shares of Dorian LPG during the 4th quarter valued at about $37,000. Pacer Advisors Inc. lifted its holdings in shares of Dorian LPG by 20.8% during the 4th quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock valued at $100,583,000 after buying an additional 711,313 shares during the last quarter. KBC Group NV grew its stake in shares of Dorian LPG by 84.6% in 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 in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in Dorian LPG by 43.0% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 33,791 shares of the shipping company’s stock worth $823,000 after buying an additional 10,163 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued 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 Stock Performance

LPG opened at $23.78 on Tuesday. Dorian LPG Ltd. has a 52-week low of $22.46 and a 52-week high of $51.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 3.97. The stock has a 50-day moving average of $24.33 and a 200-day moving average of $30.28. The company has a market cap of $1.02 billion, a PE ratio of 6.05 and a beta of 0.91.

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, topping 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 quarter in the prior year, the company posted $2.62 earnings per share. As a group, equities research analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

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

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.