Thompson Davis & CO. Inc. Invests $292,000 in Dorian LPG Ltd. (NYSE:LPG)

Thompson Davis & CO. Inc. acquired a new position in Dorian LPG Ltd. (NYSE:LPG) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,665 shares of the shipping company’s stock, valued at approximately $292,000.

A number of other large investors also recently modified their holdings of LPG. Fifth Third Bancorp raised its holdings in shares of Dorian LPG by 317.7% during the 4th quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock valued at $30,000 after buying an additional 521 shares during the period. Planned Solutions Inc. purchased a new stake in shares of Dorian LPG during the 4th quarter valued at about $44,000. CWM LLC raised its holdings in shares of Dorian LPG by 63.2% during the 3rd quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock valued at $41,000 after buying an additional 547 shares during the period. Perennial Advisors LLC purchased a new stake in shares of Dorian LPG during the 4th quarter valued at about $204,000. Finally, Optimum Investment Advisors raised its holdings in shares of Dorian LPG by 16.6% during the 4th quarter. Optimum Investment Advisors now owns 5,100 shares of the shipping company’s stock valued at $224,000 after buying an additional 725 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LPG shares. Jefferies Financial Group restated a “buy” rating and set a $50.00 price objective on shares of Dorian LPG in a report on Thursday, February 1st. StockNews.com upgraded Dorian LPG from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Finally, DNB Markets downgraded Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a report on Friday, January 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.25.

Dorian LPG Stock Performance

Shares of LPG traded down $1.08 during mid-day trading on Tuesday, hitting $41.31. The stock had a trading volume of 662,483 shares, compared to its average volume of 932,480. The company has a market cap of $1.68 billion, a PE ratio of 5.49 and a beta of 1.13. The company’s fifty day simple moving average is $38.51 and its two-hundred day simple moving average is $39.01. The company has a quick ratio of 3.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.57. Dorian LPG Ltd. has a fifty-two week low of $21.02 and a fifty-two week high of $49.54.

Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, February 1st. The shipping company reported $2.62 EPS for the quarter, topping the consensus estimate of $2.27 by $0.35. The company had revenue of $163.06 million during the quarter, compared to analyst estimates of $154.49 million. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. During the same quarter last year, the firm earned $1.29 EPS. On average, equities analysts expect that Dorian LPG Ltd. will post 7.49 earnings per share for the current year.

Dorian LPG Dividend Announcement

The company also recently announced a None dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 8th will be given a $1.00 dividend. The ex-dividend date is Tuesday, May 7th. Dorian LPG’s payout ratio is 26.56%.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.