Empirical Financial Services LLC d.b.a. Empirical Wealth Management Acquires 10,163 Shares of Dorian LPG Ltd. (NYSE:LPG)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 43.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,791 shares of the shipping company’s stock after purchasing an additional 10,163 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned 0.08% of Dorian LPG worth $823,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quarry LP lifted its stake in shares of Dorian LPG by 57.8% during the second quarter. Quarry LP now owns 942 shares of the shipping company’s stock valued at $40,000 after acquiring an additional 345 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Dorian LPG by 126.7% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,247 shares of the shipping company’s stock valued at $52,000 after acquiring an additional 697 shares during the period. CWM LLC lifted its stake in shares of Dorian LPG by 285.4% during the third quarter. CWM LLC now owns 2,058 shares of the shipping company’s stock valued at $71,000 after acquiring an additional 1,524 shares during the period. GAMMA Investing LLC lifted its stake in shares of Dorian LPG by 146.2% during the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock valued at $53,000 after acquiring an additional 1,303 shares during the period. Finally, Sei Investments Co. acquired a new position in shares of Dorian LPG during the second quarter valued at $289,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a $42.00 price target on shares of Dorian LPG in a research note on Thursday, October 31st.

Dorian LPG Trading Down 0.6 %

NYSE:LPG opened at $24.14 on Wednesday. Dorian LPG Ltd. has a 1-year low of $22.46 and a 1-year high of $51.66. The business’s 50-day moving average price is $24.47 and its two-hundred day moving average price is $31.27. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 4.09 and a beta of 0.93.

Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.17). Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The company had revenue of $82.40 million during the quarter, compared to analyst estimates of $82.40 million. During the same period in the previous year, the company posted $1.85 EPS. The company’s quarterly revenue was down 43.1% compared to the same quarter last year. On average, equities analysts expect that Dorian LPG Ltd. will post 2.84 earnings per share for the current year.

Dorian LPG Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, February 5th.

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.