Dorian LPG Ltd. (NYSE:LPG) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Dorian LPG Ltd. (NYSE:LPG) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,339 shares of the shipping company’s stock after acquiring an additional 52,571 shares during the period. Charles Schwab Investment Management Inc. owned 1.23% of Dorian LPG worth $12,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of LPG. Beacon Capital Management LLC raised its holdings in shares of Dorian LPG by 61.1% in the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock valued at $27,000 after buying an additional 428 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Dorian LPG in the fourth quarter valued at about $37,000. KBC Group NV raised its holdings in shares of Dorian LPG by 84.6% in the fourth quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock valued at $51,000 after buying an additional 951 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Dorian LPG by 146.2% in the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock valued at $53,000 after buying an additional 1,303 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Dorian LPG in the fourth quarter valued at about $135,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on LPG shares. Pareto Securities raised shares of Dorian LPG to a “buy” rating in a report on Tuesday, February 4th. Jefferies Financial Group reissued a “buy” rating and set a $35.00 price target on shares of Dorian LPG in a report on Friday, January 31st.

Dorian LPG Trading Down 1.4 %

LPG stock opened at $23.02 on Friday. The company has a market cap of $985.13 million, a price-to-earnings ratio of 5.86 and a beta of 0.87. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $22.99 and a 200-day simple moving average of $27.00. Dorian LPG Ltd. has a 52 week low of $19.36 and a 52 week high of $51.66.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same quarter in the previous year, the business posted $2.62 earnings per share. On average, equities research analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 27th. Investors of record on Wednesday, February 5th were paid a dividend of $0.70 per share. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG’s dividend payout ratio (DPR) is 25.45%.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.