Raymond James Financial Services Advisors Inc. Invests $243,000 in Dorian LPG Ltd. (NYSE:LPG)

Raymond James Financial Services Advisors Inc. acquired a new stake in Dorian LPG Ltd. (NYSE:LPG) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,528 shares of the shipping company’s stock, valued at approximately $243,000.

Several other large investors have also bought and sold shares of the business. CWM LLC lifted its holdings in shares of Dorian LPG by 63.2% in the third quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock worth $41,000 after acquiring an additional 547 shares during the last quarter. Optimum Investment Advisors lifted its stake in Dorian LPG by 16.6% in the 4th quarter. Optimum Investment Advisors now owns 5,100 shares of the shipping company’s stock valued at $224,000 after purchasing an additional 725 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in Dorian LPG in the fourth quarter valued at approximately $299,000. Raymond James & Associates bought a new stake in shares of Dorian LPG during the third quarter worth $208,000. Finally, Professional Financial Advisors LLC acquired a new position in shares of Dorian LPG during the third quarter worth $210,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Dorian LPG Stock Up 2.1 %

Shares of LPG opened at $41.75 on Wednesday. The stock’s 50-day moving average price is $37.84 and its two-hundred day moving average price is $38.61. The company has a market capitalization of $1.69 billion, a PE ratio of 5.54 and a beta of 1.13. The company has a current ratio of 3.31, a quick ratio of 3.29 and a debt-to-equity ratio of 0.57. Dorian LPG Ltd. has a 12 month low of $21.02 and a 12 month high of $49.54.

Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.35. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. The company had revenue of $163.06 million for the quarter, compared to analysts’ expectations of $154.49 million. During the same period last year, the business earned $1.29 EPS. On average, analysts anticipate that Dorian LPG Ltd. will post 7.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LPG. Jefferies Financial Group reissued a “buy” rating and set a $50.00 price objective on shares of Dorian LPG in a report on Thursday, February 1st. StockNews.com cut Dorian LPG from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, DNB Markets downgraded Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a research note on Friday, January 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dorian LPG currently has a consensus 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.