17,895 Shares in Dorian LPG Ltd. $LPG Bought by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC acquired 17,895 shares of Dorian LPG Ltd., worth approximately $465,000, indicating growing institutional interest in the company.
• Dorian LPG recently reported a quarterly EPS of $0.27, missing the analysts' expectations of $0.61, with revenues down 26.3% compared to the previous year.
• The company declared a quarterly dividend of $0.60 per share, reflecting an annualized dividend yield of 8.3%.

Wealth Enhancement Advisory Services LLC bought a new position in Dorian LPG Ltd. (NYSE:LPG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 17,895 shares of the shipping company's stock, valued at approximately $465,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in Dorian LPG by 4.2% during the first quarter. IFP Advisors Inc now owns 11,914 shares of the shipping company's stock valued at $266,000 after buying an additional 477 shares during the period. Moors & Cabot Inc. boosted its position in Dorian LPG by 3.1% during the first quarter. Moors & Cabot Inc. now owns 16,308 shares of the shipping company's stock valued at $364,000 after buying an additional 495 shares during the period. Arizona State Retirement System boosted its position in Dorian LPG by 4.8% during the first quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company's stock valued at $261,000 after buying an additional 532 shares during the period. Inspire Investing LLC boosted its position in Dorian LPG by 3.1% during the first quarter. Inspire Investing LLC now owns 18,206 shares of the shipping company's stock valued at $407,000 after buying an additional 547 shares during the period. Finally, SummerHaven Investment Management LLC raised its stake in shares of Dorian LPG by 3.3% during the first quarter. SummerHaven Investment Management LLC now owns 18,929 shares of the shipping company's stock valued at $423,000 after acquiring an additional 598 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Dorian LPG

In related news, COO Alexander C. Hadjipateras sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $32.38, for a total value of $161,900.00. Following the sale, the chief operating officer owned 89,440 shares in the company, valued at approximately $2,896,067.20. This trade represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.60% of the company's stock.

Dorian LPG Trading Up 0.1%

NYSE:LPG opened at $28.82 on Monday. The company's 50 day moving average price is $30.81 and its 200-day moving average price is $25.89. Dorian LPG Ltd. has a 52 week low of $16.66 and a 52 week high of $36.61. The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 25.06 and a beta of 0.77.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The shipping company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.34). Dorian LPG had a net margin of 15.15% and a return on equity of 5.24%. The firm had revenue of $84.21 million for the quarter, compared to analysts' expectations of $86.53 million. During the same quarter in the previous year, the company earned $1.26 EPS. The company's quarterly revenue was down 26.3% compared to the same quarter last year. On average, equities research analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.60 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.3%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LPG. Zacks Research downgraded shares of Dorian LPG from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 9th. Jefferies Financial Group upped their price objective on shares of Dorian LPG from $33.00 to $35.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dorian LPG in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Dorian LPG currently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

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.

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