Tucker Asset Management LLC Buys New Holdings in Dorian LPG Ltd. (NYSE:LPG)

Tucker Asset Management LLC bought a new stake in Dorian LPG Ltd. (NYSE:LPG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,101 shares of the shipping company’s stock, valued at approximately $136,000.

Several other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp grew its stake in shares of Dorian LPG by 317.7% in the fourth quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock valued at $30,000 after acquiring an additional 521 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Dorian LPG by 178.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 820 shares of the shipping company’s stock worth $36,000 after purchasing an additional 525 shares during the period. Planned Solutions Inc. bought a new position in shares of Dorian LPG during the fourth quarter worth approximately $44,000. USA Financial Formulas acquired a new stake in shares of Dorian LPG in the fourth quarter valued at approximately $68,000. Finally, Perennial Advisors LLC bought a new stake in shares of Dorian LPG in the fourth quarter valued at approximately $204,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LPG has been the topic of several analyst reports. StockNews.com lowered Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Jefferies Financial Group boosted their target price on shares of Dorian LPG from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd.

Dorian LPG Price Performance

Shares of Dorian LPG stock traded down $1.67 during trading on Friday, reaching $40.65. 784,782 shares of the company’s stock were exchanged, compared to its average volume of 897,063. The firm’s 50-day moving average price is $43.44 and its 200 day moving average price is $41.07. The company has a market cap of $1.65 billion, a P/E ratio of 5.35 and a beta of 1.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.60 and a current ratio of 3.62. Dorian LPG Ltd. has a 1-year low of $23.90 and a 1-year high of $51.66.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Wednesday, May 22nd. The shipping company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10. The company had revenue of $141.40 million for the quarter, compared to the consensus estimate of $144.25 million. Dorian LPG had a net margin of 54.83% and a return on equity of 32.22%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $1.94 EPS. As a group, research analysts anticipate that Dorian LPG Ltd. will post 6.07 earnings per share for the current year.

Dorian LPG Announces Dividend

The company also recently declared a None dividend, which was paid on Thursday, May 30th. Stockholders of record on Wednesday, May 8th were paid a $1.00 dividend. The ex-dividend date was Tuesday, May 7th. Dorian LPG’s payout ratio is 26.32%.

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.