43,700 Shares in Dorian LPG Ltd. $LPG Purchased by FCG Investment Co

Key Points

• FCG Investment Co purchased 43,700 shares of Dorian LPG Ltd. valued at approximately $1,065,000, representing a 0.10% ownership stake in the company.
• Dorian LPG reported a net margin of 15.15% and a significant year-over-year revenue decline of 26.3%, with earnings per share of $0.27 for the last quarter.
• The company announced a quarterly dividend of $0.60 per share, resulting in an annualized dividend yield of 7.6%.

FCG Investment Co purchased a new position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 43,700 shares of the shipping company's stock, valued at approximately $1,065,000. FCG Investment Co owned 0.10% of Dorian LPG at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Kingstone Capital Partners Texas LLC bought a new position in Dorian LPG in the 2nd quarter worth about $165,210,000. American Century Companies Inc. grew its stake in Dorian LPG by 8.0% in the 1st quarter. American Century Companies Inc. now owns 1,460,840 shares of the shipping company's stock worth $32,635,000 after acquiring an additional 108,769 shares in the last quarter. Millennium Management LLC grew its stake in Dorian LPG by 3,728.9% in the 1st quarter. Millennium Management LLC now owns 997,470 shares of the shipping company's stock worth $22,283,000 after acquiring an additional 971,419 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Dorian LPG by 10.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 580,771 shares of the shipping company's stock worth $12,974,000 after acquiring an additional 56,432 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in Dorian LPG by 2.1% in the 1st quarter. Bridgeway Capital Management LLC now owns 458,653 shares of the shipping company's stock worth $10,246,000 after acquiring an additional 9,544 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Trading Down 1.2%

NYSE:LPG opened at $31.49 on Friday. Dorian LPG Ltd. has a 52 week low of $16.66 and a 52 week high of $37.16. The firm has a 50 day moving average of $30.72 and a 200 day moving average of $25.52. 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 capitalization of $1.34 billion, a price-to-earnings ratio of 27.38 and a beta of 0.82.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its 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 period in the previous year, the company earned $1.26 EPS. The company's revenue was down 26.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 7.6%.

Insider Transactions at Dorian LPG

In other Dorian LPG news, COO Alexander C. Hadjipateras sold 5,000 shares of the company'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 transaction of $161,900.00. Following the transaction, the chief operating officer owned 89,440 shares in the company, valued at approximately $2,896,067.20. This represents a 5.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 13.60% of the company's stock.

Analysts Set New Price Targets

LPG has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Dorian LPG from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 9th. Wall Street Zen raised shares of Dorian LPG from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. Finally, Jefferies Financial Group upped their price target on shares of Dorian LPG from $33.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Dorian LPG currently has an average rating of "Moderate Buy" and a consensus target price of $35.00.

Dorian LPG Company 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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