Farther Finance Advisors LLC Has $488,000 Stake in Dorian LPG Ltd. (NYSE:LPG)

Farther Finance Advisors LLC reduced its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,024 shares of the shipping company’s stock after selling 553 shares during the period. Farther Finance Advisors LLC’s holdings in Dorian LPG were worth $488,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Beacon Capital Management LLC grew its holdings in Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock worth $27,000 after acquiring an additional 428 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Dorian LPG by 7.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,446 shares of the shipping company’s stock worth $325,000 after acquiring an additional 692 shares during the period. Procyon Advisors LLC grew its holdings in Dorian LPG by 4.7% during the 4th quarter. Procyon Advisors LLC now owns 15,894 shares of the shipping company’s stock worth $387,000 after acquiring an additional 719 shares during the period. KBC Group NV grew its holdings in 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 acquiring an additional 951 shares during the period. Finally, GAMMA Investing LLC grew its holdings in 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 acquiring an additional 1,303 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and set a $35.00 price target on shares of Dorian LPG in a report on Friday, January 31st. Pareto Securities upgraded Dorian LPG to a “buy” rating in a research note on Tuesday, February 4th.

Dorian LPG Stock Performance

Shares of LPG opened at $21.74 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. The stock has a 50-day moving average of $23.21 and a 200-day moving average of $27.39. The company has a market cap of $930.56 million, a PE ratio of 5.53 and a beta of 0.87. Dorian LPG Ltd. has a one year low of $19.36 and a one year high of $51.66.

Dorian LPG (NYSE:LPG) last issued its earnings results on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. During the same period in the prior year, the firm posted $2.62 earnings per share. On average, equities research analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

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

Dorian LPG 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.