Amundi Acquires 17,708 Shares of Dorian LPG Ltd. (NYSE:LPG)

Amundi raised its holdings in Dorian LPG Ltd. (NYSE:LPG) by 224.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,585 shares of the shipping company’s stock after acquiring an additional 17,708 shares during the quarter. Amundi owned about 0.06% of Dorian LPG worth $637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LPG. Beacon Capital Management LLC boosted its position in shares of Dorian LPG by 61.1% during the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock worth $27,000 after purchasing an additional 428 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of Dorian LPG during the 4th quarter worth about $37,000. KBC Group NV increased its stake in shares of Dorian LPG by 84.6% during the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock worth $51,000 after purchasing an additional 951 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dorian LPG by 146.2% during the 4th quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock worth $53,000 after buying an additional 1,303 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Dorian LPG during the 4th quarter worth about $135,000. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LPG. 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 issued a $35.00 price objective on shares of Dorian LPG in a report on Friday, January 31st.

Dorian LPG Stock Up 0.6 %

Shares of NYSE LPG opened at $23.36 on Friday. The stock has a market capitalization of $999.86 million, a P/E ratio of 5.94 and a beta of 0.87. The company has a 50-day moving average price of $23.05 and a 200-day moving average price of $27.11. Dorian LPG Ltd. has a 1 year low of $19.36 and a 1 year high of $51.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, beating 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 company earned $2.62 earnings per share. On average, equities research analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 27th. Investors of record on Wednesday, February 5th were given a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 5th. Dorian LPG’s payout ratio is currently 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.