Empowered Funds LLC Buys 30,756 Shares of Dorian LPG Ltd. (NYSE:LPG)

Empowered Funds LLC grew its stake in Dorian LPG Ltd. (NYSE:LPG) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,201 shares of the shipping company’s stock after purchasing an additional 30,756 shares during the period. Empowered Funds LLC’s holdings in Dorian LPG were worth $7,828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Dorian LPG by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,511 shares of the shipping company’s stock valued at $735,000 after buying an additional 389 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Dorian LPG by 1.9% during the third quarter. New York State Teachers Retirement System now owns 21,640 shares of the shipping company’s stock worth $745,000 after purchasing an additional 394 shares during the period. State of Alaska Department of Revenue boosted its holdings in Dorian LPG by 3.3% during the third quarter. State of Alaska Department of Revenue now owns 20,672 shares of the shipping company’s stock valued at $711,000 after purchasing an additional 652 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 purchasing an additional 692 shares in the last quarter. Finally, Procyon Advisors LLC lifted 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 valued at $387,000 after purchasing an additional 719 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a $35.00 price objective on shares of Dorian LPG in a report on Friday, January 31st.

Dorian LPG Price Performance

Shares of LPG stock opened at $23.78 on Tuesday. Dorian LPG Ltd. has a 52 week low of $22.46 and a 52 week high of $51.66. The stock has a market capitalization of $1.02 billion, a PE ratio of 6.05 and a beta of 0.91. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 3.97. The stock’s fifty day moving average is $24.33 and its 200-day moving average is $30.28.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 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 quarter last year, the company posted $2.62 EPS. Equities research analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 27th. Investors of record on Wednesday, February 5th will be issued a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. Dorian LPG’s dividend payout ratio is currently 25.45%.

About Dorian LPG

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.