Allspring Global Investments Holdings LLC Acquires 82,757 Shares of Dorian LPG Ltd. (NYSE:LPG)

Allspring Global Investments Holdings LLC grew its position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 1,187.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,724 shares of the shipping company's stock after buying an additional 82,757 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.22% of Dorian LPG worth $3,936,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LPG. Captrust Financial Advisors boosted its stake in Dorian LPG by 134.6% in the first quarter. Captrust Financial Advisors now owns 1,715 shares of the shipping company's stock valued at $25,000 after buying an additional 984 shares in the last quarter. Fifth Third Bancorp boosted its stake in 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 buying an additional 521 shares in the last quarter. Quarry LP boosted its stake in Dorian LPG by 79.3% in the second quarter. Quarry LP now owns 1,325 shares of the shipping company's stock valued at $34,000 after buying an additional 586 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Dorian LPG by 43.8% in the second quarter. PNC Financial Services Group Inc. now owns 1,412 shares of the shipping company's stock valued at $36,000 after buying an additional 430 shares in the last quarter. Finally, CWM LLC boosted its stake in Dorian LPG by 63.2% in the third quarter. CWM LLC now owns 1,413 shares of the shipping company's stock valued at $41,000 after buying an additional 547 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

Analysts Set New Price Targets

LPG has been the topic of several research analyst reports. DNB Markets lowered Dorian LPG from a "buy" rating to a "hold" rating and set a $44.00 price objective on the stock. in a research note on Friday, January 26th. Jefferies Financial Group reissued a "buy" rating and set a $50.00 price target on shares of Dorian LPG in a research note on Thursday, February 1st. Finally, StockNews.com lowered Dorian LPG from a "buy" rating to a "hold" rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Dorian LPG currently has an average rating of "Moderate Buy" and a consensus price target of $40.25.

Dorian LPG Trading Up 0.9 %

Shares of LPG traded up $0.34 during mid-day trading on Friday, reaching $39.80. 590,800 shares of the company were exchanged, compared to its average volume of 703,775. Dorian LPG Ltd. has a 52 week low of $21.02 and a 52 week high of $49.54. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31. The stock has a market capitalization of $1.62 billion, a PE ratio of 5.29 and a beta of 1.13. The business has a 50 day simple moving average of $37.61 and a two-hundred day simple moving average of $38.35.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The shipping company reported $2.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.27 by $0.35. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. The company had revenue of $163.06 million during the quarter, compared to the consensus estimate of $154.49 million. During the same period last year, the company earned $1.29 earnings per share. On average, analysts predict that Dorian LPG Ltd. will post 7.29 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The business also recently disclosed a None dividend, which was paid on Tuesday, February 27th. Stockholders of record on Monday, February 5th were given a dividend of $1.00 per share. The ex-dividend date was Friday, February 2nd. Dorian LPG's dividend payout ratio (DPR) is 26.56%.

Dorian LPG 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.