American Century Companies Inc. Buys 108,769 Shares of Dorian LPG Ltd. $LPG

Key Points

• American Century Companies Inc. increased its stake in Dorian LPG Ltd. by 8.0%, now owning 1,460,840 shares valued at $32.64 million.
• Dorian LPG reported a quarterly EPS of $0.27, missing estimates by $0.34 and reflecting a 26.3% decline in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.60 per share, representing an annual yield of 7.7%.

American Century Companies Inc. lifted its stake in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 8.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,460,840 shares of the shipping company's stock after buying an additional 108,769 shares during the quarter. American Century Companies Inc. owned about 3.41% of Dorian LPG worth $32,635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LPG. Heck Capital Advisors LLC bought a new position in shares of Dorian LPG in the fourth quarter worth about $37,000. Picton Mahoney Asset Management raised its stake in shares of Dorian LPG by 6,275.0% in the first quarter. Picton Mahoney Asset Management now owns 2,040 shares of the shipping company's stock worth $46,000 after buying an additional 2,008 shares during the period. Quarry LP raised its stake in shares of Dorian LPG by 155.3% in the fourth quarter. Quarry LP now owns 2,035 shares of the shipping company's stock worth $50,000 after buying an additional 1,238 shares during the period. CWM LLC raised its stake in shares of Dorian LPG by 74.5% in the first quarter. CWM LLC now owns 2,591 shares of the shipping company's stock worth $58,000 after buying an additional 1,106 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Dorian LPG by 50.4% in the first quarter. GAMMA Investing LLC now owns 3,299 shares of the shipping company's stock worth $74,000 after buying an additional 1,105 shares during the period. Institutional investors own 62.50% of the company's stock.

Dorian LPG Price Performance

Shares of LPG traded up $0.8290 during midday trading on Friday, hitting $32.0990. 481,827 shares of the company traded hands, compared to its average volume of 638,309. The firm has a 50 day moving average of $28.08 and a 200-day moving average of $23.91. Dorian LPG Ltd. has a 52 week low of $16.66 and a 52 week high of $39.35. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 24.68 and a beta of 0.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.30 and a current ratio of 3.32.

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

Dorian LPG Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 7.5%.

Analysts Set New Price Targets

Several research analysts have recently commented on LPG shares. Wall Street Zen raised Dorian LPG from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Jefferies Financial Group lifted their target price on Dorian LPG from $33.00 to $35.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $35.00.

About Dorian LPG

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.