Mirae Asset Global Investments Co. Ltd. Has $633,000 Holdings in Dorian LPG Ltd. (NYSE:LPG)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 6.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,423 shares of the shipping company’s stock after buying an additional 879 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Dorian LPG were worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of LPG. Pacer Advisors Inc. raised its stake 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 valued at $58,887,000 after buying an additional 416,809 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Dorian LPG by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock valued at $42,501,000 after buying an additional 180,246 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 buying an additional 162,663 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of Dorian LPG by 1,249.9% in the 3rd quarter. Penserra Capital Management LLC now owns 120,738 shares of the shipping company’s stock valued at $3,468,000 after buying an additional 111,794 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Dorian LPG by 10.5% in 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. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Dorian LPG Stock Down 1.3 %

Shares of NYSE:LPG opened at $41.25 on Friday. Dorian LPG Ltd. has a 12 month low of $21.02 and a 12 month high of $49.54. The company’s 50-day moving average price is $38.07 and its two-hundred day moving average price is $38.65. The company has a quick ratio of 3.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.57. The firm has a market cap of $1.67 billion, a P/E ratio of 5.48 and a beta of 1.13.

Dorian LPG (NYSE:LPG) last issued 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 net margin of 55.02% and a return on equity of 33.59%. The firm had revenue of $163.06 million for the quarter, compared to analyst estimates of $154.49 million. During the same quarter in the prior year, the firm earned $1.29 EPS. As a group, research analysts forecast that Dorian LPG Ltd. will post 7.29 EPS for the current fiscal year.

Analysts Set New Price Targets

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

About Dorian LPG

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.