Sequoia Financial Advisors LLC Boosts Stock Position in Dorian LPG Ltd. (NYSE:LPG)

Sequoia Financial Advisors LLC boosted its position in shares of Dorian LPG Ltd. (NYSE:LPGFree Report) by 8.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,126 shares of the shipping company’s stock after acquiring an additional 609 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Dorian LPG were worth $313,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LPG. Fifth Third Bancorp increased its holdings in Dorian LPG by 317.7% during the 4th quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock worth $30,000 after purchasing an additional 521 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of Dorian LPG by 178.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 820 shares of the shipping company’s stock worth $36,000 after buying an additional 525 shares during the period. Planned Solutions Inc. purchased a new position in Dorian LPG in the fourth quarter worth approximately $44,000. USA Financial Formulas acquired a new position in Dorian LPG during the 4th quarter worth approximately $68,000. Finally, PNC Financial Services Group Inc. grew its holdings in Dorian LPG by 26.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,821 shares of the shipping company’s stock worth $80,000 after acquiring an additional 379 shares in the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Dorian LPG Stock Down 4.6 %

LPG opened at $41.66 on Tuesday. Dorian LPG Ltd. has a one year low of $24.17 and a one year high of $51.66. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.60 and a current ratio of 3.62. The stock has a market capitalization of $1.69 billion, a P/E ratio of 5.48 and a beta of 0.97. The business’s 50-day simple moving average is $44.14 and its 200-day simple moving average is $41.12.

Dorian LPG (NYSE:LPGGet Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The shipping company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.81 by $0.10. The company had revenue of $141.40 million for the quarter, compared to analyst estimates of $144.25 million. Dorian LPG had a return on equity of 32.22% and a net margin of 54.83%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 earnings per share. Analysts anticipate that Dorian LPG Ltd. will post 6.07 EPS for the current year.

Dorian LPG Dividend Announcement

The firm also recently disclosed a None dividend, which was paid on Thursday, May 30th. Shareholders of record on Wednesday, May 8th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, May 7th. Dorian LPG’s payout ratio is currently 26.32%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com downgraded Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Jefferies Financial Group boosted their target price on Dorian LPG from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Finally, DNB Markets upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, July 3rd.

Read Our Latest Research Report on LPG

Dorian LPG Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Dorian LPG (NYSE:LPG)

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