5,980 Shares in Dorian LPG Ltd. (NYSE:LPG) Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC purchased a new position in shares of Dorian LPG Ltd. (NYSE:LPG) during the fourth quarter, Holdings Channel reports. The firm purchased 5,980 shares of the shipping company’s stock, valued at approximately $262,000.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in Dorian LPG by 63.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 417,493 shares of the shipping company’s stock worth $11,995,000 after purchasing an additional 162,663 shares in the last quarter. Vanguard Group Inc. boosted 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 worth $42,501,000 after purchasing an additional 180,246 shares in the last quarter. Invesco Ltd. boosted its position in Dorian LPG by 10.5% during the third quarter. Invesco Ltd. now owns 798,371 shares of the shipping company’s stock worth $22,937,000 after purchasing an additional 75,584 shares in the last quarter. Ibex Wealth Advisors purchased a new position in Dorian LPG during the third quarter worth approximately $510,000. Finally, First Eagle Investment Management LLC boosted its position in Dorian LPG by 37.7% during the third quarter. First Eagle Investment Management LLC now owns 218,491 shares of the shipping company’s stock worth $6,277,000 after purchasing an additional 59,850 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LPG shares. Jefferies Financial Group reiterated a “buy” rating and set a $50.00 price target on shares of Dorian LPG in a research report on Thursday, February 1st. StockNews.com downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, DNB Markets downgraded Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a research report on Friday, January 26th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.25.

Dorian LPG Stock Performance

NYSE LPG opened at $41.75 on Wednesday. The company has a market cap of $1.69 billion, a PE ratio of 5.54 and a beta of 1.13. The stock’s 50 day simple moving average is $37.84 and its 200-day simple moving average is $38.61. Dorian LPG Ltd. has a 1-year low of $21.02 and a 1-year high of $49.54. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.31 and a quick ratio of 3.29.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. The firm had revenue of $163.06 million for the quarter, compared to the consensus estimate of $154.49 million. During the same quarter last year, the business posted $1.29 earnings per share. As a group, equities research analysts anticipate that Dorian LPG Ltd. will post 7.29 EPS for the current fiscal year.

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.