Federated Hermes Inc. Cuts Holdings in Dorian LPG Ltd. (NYSE:LPG)

Federated Hermes Inc. trimmed its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,411 shares of the shipping company’s stock after selling 1,831 shares during the period. Federated Hermes Inc.’s holdings in Dorian LPG were worth $3,089,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Dorian LPG by 56.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,160 shares of the shipping company’s stock valued at $358,000 after purchasing an additional 2,943 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Dorian LPG in the 4th quarter worth $750,000. Saxony Capital Management LLC purchased a new position in shares of Dorian LPG in the 4th quarter worth $231,000. Perigon Wealth Management LLC purchased a new position in shares of Dorian LPG in the 4th quarter worth $531,000. Finally, Mutual of America Capital Management LLC purchased a new position in shares of Dorian LPG in the 4th quarter worth $262,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Dorian LPG Price Performance

Shares of Dorian LPG stock opened at $41.78 on Friday. Dorian LPG Ltd. has a one year low of $21.02 and a one year high of $49.54. The stock’s fifty day moving average is $38.21 and its 200 day moving average is $38.79. The stock has a market cap of $1.70 billion, a P/E ratio of 5.55 and a beta of 1.13. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.35. The business had revenue of $163.06 million for the quarter, compared to analysts’ expectations of $154.49 million. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. During the same period last year, the firm earned $1.29 earnings per share. Sell-side analysts anticipate that Dorian LPG Ltd. will post 7.49 earnings per share for the current year.

Dorian LPG Dividend Announcement

The company also recently disclosed a None dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 8th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, May 7th. Dorian LPG’s payout ratio is 26.56%.

Dorian LPG Company 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.