Dorian LPG Ltd. (NYSE:LPG) Shares Acquired by Navellier & Associates Inc.

Navellier & Associates Inc. grew its stake in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 41.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 89,693 shares of the shipping company's stock after acquiring an additional 26,448 shares during the period. Navellier & Associates Inc. owned about 0.22% of Dorian LPG worth $3,935,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Legacy Capital Group California Inc. acquired a new stake in shares of Dorian LPG during the fourth quarter worth about $1,065,000. Charles Schwab Investment Management Inc. lifted its holdings in Dorian LPG by 63.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 417,493 shares of the shipping company's stock worth $11,995,000 after buying an additional 162,663 shares in the last quarter. Vanguard Group Inc. boosted its position in Dorian LPG by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company's stock valued at $42,501,000 after buying an additional 180,246 shares during the period. Invesco Ltd. grew its stake in shares of Dorian LPG by 10.5% in the third quarter. Invesco Ltd. now owns 798,371 shares of the shipping company's stock worth $22,937,000 after acquiring an additional 75,584 shares in the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in shares of Dorian LPG during the third quarter worth $510,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. DNB Markets downgraded Dorian LPG from a "buy" rating to a "hold" rating and set a $44.00 price target on the stock. in a report on Friday, January 26th. StockNews.com cut shares of Dorian LPG from a "buy" rating to a "hold" rating in a report on Thursday, May 2nd. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $50.00 price target on shares of Dorian LPG in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.25.

Dorian LPG Stock Down 0.4 %

LPG traded down $0.17 on Friday, reaching $43.73. The company's stock had a trading volume of 451,783 shares, compared to its average volume of 670,900. 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 $21.75 and a fifty-two week high of $49.54. The stock has a 50 day moving average of $40.33 and a two-hundred day moving average of $40.07. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 5.81 and a beta of 1.07.

Dorian LPG Dividend Announcement

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

About Dorian LPG

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.