Atria Wealth Solutions Inc. Acquires 5,372 Shares of Dorian LPG Ltd. (NYSE:LPG)

Atria Wealth Solutions Inc. raised its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,031 shares of the shipping company’s stock after buying an additional 5,372 shares during the period. Atria Wealth Solutions Inc. owned about 0.08% of Dorian LPG worth $854,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its stake in shares of Dorian LPG by 7.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 471,768 shares of the shipping company’s stock worth $16,238,000 after purchasing an additional 34,344 shares in the last quarter. JPMorgan Chase & Co. increased its position in Dorian LPG by 14.7% in the third quarter. JPMorgan Chase & Co. now owns 197,574 shares of the shipping company’s stock worth $6,800,000 after buying an additional 25,343 shares in the last quarter. Cynosure Group LLC raised its stake in shares of Dorian LPG by 248.0% in the third quarter. Cynosure Group LLC now owns 31,655 shares of the shipping company’s stock worth $1,090,000 after buying an additional 22,560 shares during the period. Empowered Funds LLC lifted its position in shares of Dorian LPG by 52.2% during the 3rd quarter. Empowered Funds LLC now owns 290,445 shares of the shipping company’s stock valued at $9,997,000 after buying an additional 99,650 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Dorian LPG by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 3,416,004 shares of the shipping company’s stock valued at $117,579,000 after acquiring an additional 352,453 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Stock Performance

NYSE:LPG opened at $22.60 on Tuesday. The stock has a 50-day moving average price of $24.15 and a 200 day moving average price of $29.03. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. Dorian LPG Ltd. has a 12-month low of $22.10 and a 12-month high of $51.66. The stock has a market capitalization of $967.28 million, a P/E ratio of 5.75 and a beta of 0.91.

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

Dorian LPG Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th will be issued a dividend of $0.70 per share. The ex-dividend date is Wednesday, February 5th. Dorian LPG’s dividend payout ratio (DPR) is presently 25.45%.

Analysts Set New Price Targets

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

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.