Dorian LPG Ltd. (NYSE:LPG) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in Dorian LPG Ltd. (NYSE:LPG) by 6.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,423 shares of the shipping company’s stock after buying an additional 879 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Dorian LPG were worth $633,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Dorian LPG by 63.8% during 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 purchasing an additional 162,663 shares during the period. Vanguard Group Inc. boosted its stake 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 valued at $42,501,000 after purchasing an additional 180,246 shares during the period. Invesco Ltd. boosted its stake in Dorian LPG by 10.5% during the 3rd quarter. Invesco Ltd. now owns 798,371 shares of the shipping company’s stock valued at $22,937,000 after purchasing an additional 75,584 shares during the period. Ibex Wealth Advisors acquired a new position in Dorian LPG during the 3rd quarter valued at about $510,000. Finally, First Eagle Investment Management LLC boosted its stake in Dorian LPG by 37.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 218,491 shares of the shipping company’s stock valued at $6,277,000 after purchasing an additional 59,850 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Dorian LPG Trading Down 1.3 %

Shares of NYSE:LPG opened at $41.25 on Friday. The company has a 50 day moving average of $38.07 and a 200-day moving average of $38.65. 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 Ltd. has a twelve month low of $21.02 and a twelve month high of $49.54. The company has a current ratio of 3.31, a quick ratio of 3.29 and a debt-to-equity ratio of 0.57.

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

Wall Street Analyst Weigh In

LPG has been the subject of a number of analyst reports. DNB Markets lowered 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 note on Friday, January 26th. StockNews.com raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $50.00 price target on shares of Dorian LPG in a research note on Thursday, February 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

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.