Raymond James Financial Inc. Invests $698,000 in Dorian LPG Ltd. (NYSE:LPG)

Raymond James Financial Inc. acquired a new stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 28,639 shares of the shipping company's stock, valued at approximately $698,000. Raymond James Financial Inc. owned approximately 0.07% of Dorian LPG at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in Dorian LPG by 20.8% during the 4th quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company's stock valued at $100,583,000 after purchasing an additional 711,313 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Dorian LPG by 11.0% during the fourth quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company's stock valued at $32,950,000 after purchasing an additional 134,289 shares in the last quarter. Geode Capital Management LLC increased its holdings in Dorian LPG by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 1,001,189 shares of the shipping company's stock valued at $24,404,000 after buying an additional 36,967 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Dorian LPG by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company's stock valued at $12,778,000 after buying an additional 52,571 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in Dorian LPG by 9.9% in the fourth quarter. First Eagle Investment Management LLC now owns 330,325 shares of the shipping company's stock worth $8,050,000 after buying an additional 29,750 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LPG. Jefferies Financial Group reiterated a "buy" rating and issued a $35.00 price target on shares of Dorian LPG in a report on Friday, January 31st. Pareto Securities upgraded Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th.

Dorian LPG Trading Up 0.1 %

Dorian LPG stock opened at $21.93 on Wednesday. Dorian LPG Ltd. has a one year low of $16.66 and a one year high of $51.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. The stock has a market cap of $938.48 million, a PE ratio of 5.58 and a beta of 0.71. The stock has a 50-day moving average of $20.98 and a two-hundred day moving average of $23.67.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 earnings per share (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 firm posted $2.62 earnings per share. On average, research analysts anticipate that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO John C. Hadjipateras acquired 12,500 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average price of $17.75 per share, for a total transaction of $221,875.00. Following the acquisition, the chief executive officer now owns 1,824,386 shares of the company's stock, valued at $32,382,851.50. This represents a 0.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 13.40% of the stock is currently owned by corporate insiders.

Dorian LPG Profile

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.

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