Anfield Capital Management LLC Buys 904 Shares of Dorian LPG Ltd. (NYSE:LPG)

Anfield Capital Management LLC increased its stake in Dorian LPG Ltd. (NYSE:LPG) by 12.3% during the fourth quarter, HoldingsChannel reports. The firm owned 8,262 shares of the shipping company’s stock after acquiring an additional 904 shares during the period. Anfield Capital Management LLC’s holdings in Dorian LPG were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of LPG. CWM LLC raised its holdings in shares of Dorian LPG by 63.2% in the 3rd quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock worth $41,000 after purchasing an additional 547 shares during the period. SG Americas Securities LLC bought a new stake in shares of Dorian LPG in the 3rd quarter worth approximately $270,000. Commonwealth Equity Services LLC bought a new stake in shares of Dorian LPG in the 3rd quarter worth approximately $794,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Dorian LPG in the 3rd quarter worth approximately $1,964,000. Finally, Raymond James & Associates bought a new stake in shares of Dorian LPG in the 3rd quarter worth approximately $208,000. Institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a report on Friday, January 26th. StockNews.com raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating and set a $50.00 target price on shares of Dorian LPG in a report on Thursday, February 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

Dorian LPG Trading Up 1.2 %

Dorian LPG stock opened at $41.79 on Friday. The stock has a market cap of $1.70 billion, a P/E ratio of 5.55 and a beta of 1.13. Dorian LPG Ltd. has a fifty-two week low of $21.02 and a fifty-two week high of $49.54. The firm’s fifty day moving average price is $38.21 and its 200-day moving average price is $38.74. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.35. The firm had revenue of $163.06 million for the quarter, compared to analysts’ expectations of $154.49 million. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. During the same quarter in the prior year, the firm posted $1.29 earnings per share. Equities research analysts forecast that Dorian LPG Ltd. will post 7.49 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently declared a None dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 8th will be issued a $1.00 dividend. The ex-dividend date is Tuesday, May 7th. Dorian LPG’s payout ratio is currently 26.56%.

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.