CoreCap Advisors LLC Purchases Shares of 6,825 Dorian LPG Ltd. (NYSE:LPG)

CoreCap Advisors LLC purchased a new stake in shares of Dorian LPG Ltd. (NYSE:LPG) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,825 shares of the shipping company’s stock, valued at approximately $299,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in Dorian LPG by 43.8% in the second quarter. PNC Financial Services Group Inc. now owns 1,412 shares of the shipping company’s stock worth $36,000 after acquiring an additional 430 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Dorian LPG by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 12,235 shares of the shipping company’s stock worth $314,000 after acquiring an additional 478 shares in the last quarter. Baird Financial Group Inc. grew its position in Dorian LPG by 2.1% in the third quarter. Baird Financial Group Inc. now owns 26,192 shares of the shipping company’s stock worth $356,000 after acquiring an additional 537 shares in the last quarter. CWM LLC grew its position in Dorian LPG by 63.2% in the third quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock worth $41,000 after acquiring an additional 547 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of Dorian LPG by 5.4% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 10,780 shares of the shipping company’s stock valued at $277,000 after buying an additional 556 shares during the period. 62.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a $50.00 target price on shares of Dorian LPG in a research report on Thursday, February 1st. DNB Markets lowered 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. Finally, StockNews.com lowered Dorian LPG from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.25.

Dorian LPG Stock Performance

Shares of NYSE:LPG opened at $37.46 on Thursday. The firm has a 50 day moving average of $37.19 and a 200 day moving average of $36.99. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 4.97 and a beta of 1.13. The company has a quick ratio of 3.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.57. Dorian LPG Ltd. has a 52 week low of $19.20 and a 52 week high of $49.54.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. The business had revenue of $163.06 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $1.29 earnings per share. On average, sell-side analysts predict that Dorian LPG Ltd. will post 7.29 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The business also recently disclosed a None dividend, which was paid on Tuesday, February 27th. Stockholders of record on Monday, February 5th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, February 2nd. Dorian LPG’s dividend payout ratio (DPR) is presently 26.56%.

Insider Activity

In related news, CEO John C. Hadjipateras acquired 5,000 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were purchased at an average cost of $42.58 per share, with a total value of $212,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,777,740 shares of the company’s stock, valued at $75,696,169.20. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 15.90% of the company’s stock.

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.