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

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,301 shares of the shipping company’s stock after buying an additional 391 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Dorian LPG were worth $408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of Dorian LPG during the third quarter valued at approximately $270,000. Commonwealth Equity Services LLC bought a new position in shares of Dorian LPG during the third quarter valued at $794,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Dorian LPG during the third quarter valued at $1,964,000. Raymond James & Associates bought a new stake in Dorian LPG in the 3rd quarter worth about $208,000. Finally, New York State Teachers Retirement System lifted its stake in Dorian LPG by 11.7% during the 3rd quarter. New York State Teachers Retirement System now owns 17,963 shares of the shipping company’s stock valued at $516,000 after acquiring an additional 1,875 shares during the period. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Trading Up 3.5 %

LPG stock opened at $43.76 on Thursday. 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 1-year low of $21.11 and a 1-year high of $49.54. The business has a 50 day simple moving average of $39.31 and a two-hundred day simple moving average of $39.45. 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 paid a dividend of $1.00 per share. The ex-dividend date is Tuesday, May 7th. Dorian LPG’s payout ratio is 26.56%.

Wall Street Analysts Forecast Growth

LPG has been the subject of a number of research analyst reports. DNB Markets lowered shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a research note on Friday, January 26th. StockNews.com downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $50.00 price target on shares of Dorian LPG in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

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.