Dorian LPG Ltd. (NYSE:LPG) Stake Raised by American Century Companies Inc.

American Century Companies Inc. raised its holdings in Dorian LPG Ltd. (NYSE:LPG) by 11.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,352,071 shares of the shipping company’s stock after acquiring an additional 134,289 shares during the quarter. American Century Companies Inc.’s holdings in Dorian LPG were worth $32,950,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in Dorian LPG by 20.8% during the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company’s stock valued at $100,583,000 after purchasing an additional 711,313 shares during the last quarter. State Street Corp increased its holdings in shares of Dorian LPG by 3.6% in the third quarter. State Street Corp now owns 1,357,420 shares of the shipping company’s stock valued at $46,722,000 after buying an additional 47,780 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Dorian LPG by 9.1% during the 3rd quarter. Geode Capital Management LLC now owns 964,222 shares of the shipping company’s stock valued at $33,195,000 after acquiring an additional 80,757 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Dorian LPG by 11.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company’s stock worth $12,778,000 after acquiring an additional 52,571 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Dorian LPG by 9.9% in the 4th quarter. First Eagle Investment Management LLC now owns 330,325 shares of the shipping company’s stock worth $8,050,000 after acquiring an additional 29,750 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Performance

Shares of LPG stock opened at $22.49 on Friday. The stock’s fifty day simple moving average is $22.67 and its 200-day simple moving average is $26.54. The company has a market capitalization of $962.79 million, a price-to-earnings ratio of 5.72 and a beta of 0.87. 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 1-year low of $19.36 and a 1-year high of $51.66.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) 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 period last year, the business earned $2.62 earnings per share. On average, sell-side analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LPG. Jefferies Financial Group reiterated a “buy” rating and issued a $35.00 price target on shares of Dorian LPG in a research report on Friday, January 31st. Pareto Securities upgraded shares of Dorian LPG to a “buy” rating in a report on Tuesday, February 4th.

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.