Dorian LPG Ltd. (NYSE:LPG) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Dorian LPG Ltd. (NYSE:LPG) by 56.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,160 shares of the shipping company’s stock after acquiring an additional 2,943 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dorian LPG were worth $358,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Louisiana State Employees Retirement System acquired a new stake in Dorian LPG during the 4th quarter worth $750,000. Saxony Capital Management LLC acquired a new stake in shares of Dorian LPG during the fourth quarter worth about $231,000. Perigon Wealth Management LLC purchased a new position in shares of Dorian LPG during the fourth quarter worth about $531,000. Mutual of America Capital Management LLC acquired a new position in Dorian LPG in the 4th quarter valued at about $262,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Dorian LPG by 1,187.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,724 shares of the shipping company’s stock valued at $3,936,000 after acquiring an additional 82,757 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Price Performance

LPG stock opened at $42.89 on Friday. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 5.70 and a beta of 1.08. The company has a current ratio of 3.31, a quick ratio of 3.29 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average of $38.90 and a 200-day moving average of $39.19. Dorian LPG Ltd. has a 12-month low of $21.07 and a 12-month high of $49.54.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Thursday, February 1st. The shipping company reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.35. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. The firm had revenue of $163.06 million during the quarter, compared to analysts’ expectations of $154.49 million. During the same period in the previous year, the firm posted $1.29 earnings per share. As a group, equities analysts expect that Dorian LPG Ltd. will post 7.49 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on LPG. StockNews.com cut Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group reiterated a “buy” rating and set a $50.00 price target on shares of Dorian LPG in a research note on Thursday, February 1st. 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Dorian LPG has a consensus rating of “Moderate Buy” and an average price target of $40.25.

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.