First Eagle Investment Management LLC Acquires 29,750 Shares of Dorian LPG Ltd. (NYSE:LPG)

First Eagle Investment Management LLC increased its holdings in Dorian LPG Ltd. (NYSE:LPG) by 9.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 330,325 shares of the shipping company’s stock after buying an additional 29,750 shares during the period. First Eagle Investment Management LLC owned about 0.77% of Dorian LPG worth $8,050,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in Dorian LPG by 20.8% in the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock worth $100,583,000 after purchasing an additional 711,313 shares during the last quarter. State Street Corp grew its holdings in Dorian LPG by 3.6% in the third quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock worth $46,722,000 after purchasing an additional 47,780 shares during the last quarter. Geode Capital Management LLC grew its holdings in Dorian LPG by 9.1% in the third quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock worth $33,195,000 after purchasing an additional 80,757 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Dorian LPG by 11.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company’s stock worth $12,778,000 after purchasing an additional 52,571 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Dorian LPG by 10.6% in the fourth quarter. Empowered Funds LLC now owns 321,201 shares of the shipping company’s stock worth $7,828,000 after purchasing an additional 30,756 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Dorian LPG Price Performance

Shares of LPG opened at $21.74 on Friday. The firm has a market capitalization of $930.56 million, a PE ratio of 5.53 and a beta of 0.87. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. Dorian LPG Ltd. has a 1-year low of $19.36 and a 1-year high of $51.66. The company’s fifty day moving average price is $23.21 and its 200-day moving average price is $27.54.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $2.62 EPS. On average, equities research analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current 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 given a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 5th. Dorian LPG’s dividend payout ratio is presently 25.45%.

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.