Dorian LPG Ltd. (NYSE:LPG) Shares Sold by Bailard Inc.

Bailard Inc. decreased its holdings in Dorian LPG Ltd. (NYSE:LPG) by 42.1% in the 4th quarter, Holdings Channel reports. The firm owned 8,100 shares of the shipping company’s stock after selling 5,900 shares during the period. Bailard Inc.’s holdings in Dorian LPG were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Dorian LPG by 13.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock worth $42,501,000 after acquiring an additional 180,246 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Dorian LPG by 45.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,342,303 shares of the shipping company’s stock worth $58,887,000 after purchasing an additional 416,809 shares during the period. Invesco Ltd. lifted its holdings in shares of 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 during the period. American Century Companies Inc. grew its position in Dorian LPG by 12.9% in the 3rd quarter. American Century Companies Inc. now owns 521,274 shares of the shipping company’s stock valued at $14,976,000 after buying an additional 59,580 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in 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 during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analysts Set New Price Targets

LPG has been the subject of several recent analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $50.00 target price on shares of Dorian LPG in a research note on Thursday, February 1st. StockNews.com raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, DNB Markets lowered Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a report on Friday, January 26th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.25.

Dorian LPG Price Performance

Dorian LPG stock opened at $41.78 on Monday. The company has a market cap of $1.70 billion, a P/E ratio of 5.55 and a beta of 1.13. Dorian LPG Ltd. has a one year low of $21.02 and a one year high of $49.54. The business has a fifty day moving average of $38.21 and a two-hundred day moving average of $38.85. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.35. The company had revenue of $163.06 million during the quarter, compared to the consensus estimate of $154.49 million. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. During the same period last year, the firm earned $1.29 EPS. As a group, analysts predict that Dorian LPG Ltd. will post 7.49 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently announced a None dividend, which will be paid on Thursday, May 30th. Shareholders 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 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.