Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Position in Dorian LPG Ltd. (NYSE:LPG)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Dorian LPG Ltd. (NYSE:LPG) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,301 shares of the shipping company’s stock after purchasing an additional 391 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Dorian LPG were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp raised its holdings in shares of Dorian LPG by 317.7% in the 4th quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock valued at $30,000 after purchasing an additional 521 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Dorian LPG by 178.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 820 shares of the shipping company’s stock valued at $36,000 after purchasing an additional 525 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Dorian LPG by 5.0% in the 3rd quarter. Amalgamated Bank now owns 14,520 shares of the shipping company’s stock valued at $417,000 after purchasing an additional 688 shares in the last quarter. Optimum Investment Advisors grew its position in shares of Dorian LPG by 16.6% in the 4th quarter. Optimum Investment Advisors now owns 5,100 shares of the shipping company’s stock worth $224,000 after buying an additional 725 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its position in shares of Dorian LPG by 2.7% in the 3rd quarter. Texas Permanent School Fund Corp now owns 28,816 shares of the shipping company’s stock worth $828,000 after buying an additional 748 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Up 3.5 %

LPG stock opened at $43.76 on Thursday. The firm’s fifty day simple moving average is $39.31 and its 200-day simple moving average is $39.45. The company has a market capitalization of $1.78 billion, a P/E ratio of 5.81 and a beta of 1.07. The company has a debt-to-equity ratio of 0.57, a current ratio of 3.31 and a quick ratio of 3.29. Dorian LPG Ltd. has a 12 month low of $21.11 and a 12 month high of $49.54.

Dorian LPG Dividend Announcement

The firm 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 dividend payout ratio (DPR) is 26.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. DNB Markets downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a research report on Friday, January 26th. Jefferies Financial Group reissued a “buy” rating and set a $50.00 target price on shares of Dorian LPG in a research report on Thursday, February 1st. Finally, StockNews.com downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Dorian LPG presently has an average rating of “Moderate Buy” and an average price target of $40.25.

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.