Gallacher Capital Management LLC Purchases 1,972 Shares of Dorian LPG Ltd. (NYSE:LPG)

Gallacher Capital Management LLC increased its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 39.1% in the 1st quarter, HoldingsChannel reports. The fund owned 7,012 shares of the shipping company’s stock after acquiring an additional 1,972 shares during the period. Gallacher Capital Management LLC’s holdings in Dorian LPG were worth $270,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LPG. Pacer Advisors Inc. grew its position in Dorian LPG by 45.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,342,303 shares of the shipping company’s stock worth $58,887,000 after purchasing an additional 416,809 shares during the last quarter. Vanguard Group Inc. grew its position in Dorian LPG by 13.9% during the 3rd quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock worth $42,501,000 after purchasing an additional 180,246 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Dorian LPG by 149.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 170,187 shares of the shipping company’s stock worth $7,466,000 after purchasing an additional 101,840 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Dorian LPG by 1,187.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,724 shares of the shipping company’s stock worth $3,936,000 after purchasing an additional 82,757 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Dorian LPG by 12.9% during the 3rd quarter. American Century Companies Inc. now owns 521,274 shares of the shipping company’s stock worth $14,976,000 after purchasing an additional 59,580 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Performance

Shares of LPG stock traded down $0.91 during trading hours on Friday, hitting $40.21. The company’s stock had a trading volume of 185,940 shares, compared to its average volume of 857,943. The company has a 50 day moving average of $44.13 and a 200 day moving average of $41.09. The stock has a market cap of $1.63 billion, a PE ratio of 5.41 and a beta of 0.97. The company has a current ratio of 3.62, a quick ratio of 3.60 and a debt-to-equity ratio of 0.54. Dorian LPG Ltd. has a 12-month low of $24.17 and a 12-month high of $51.66.

Dorian LPG (NYSE:LPG) last posted its earnings results on Wednesday, May 22nd. The shipping company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.10. Dorian LPG had a net margin of 54.83% and a return on equity of 32.22%. The firm had revenue of $141.40 million during the quarter, compared to analysts’ expectations of $144.25 million. During the same period in the previous year, the business posted $1.94 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts forecast that Dorian LPG Ltd. will post 6.07 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently announced a None dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 8th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. Dorian LPG’s dividend payout ratio is currently 26.32%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. StockNews.com downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. DNB Markets raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, July 3rd. Finally, Jefferies Financial Group upped their price objective on shares of Dorian LPG from $46.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd.

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.