Cetera Investment Advisers Makes New Investment in Dorian LPG Ltd. $LPG

Key Points

• Cetera Investment Advisers recently acquired a new stake in Dorian LPG Ltd., purchasing 12,074 shares valued at approximately $270,000 in the first quarter.
• Dorian LPG announced a quarterly dividend of $0.60 per share, resulting in a dividend yield of 7.9%, to be paid on August 27th.
• Despite missing quarterly earnings estimates, Dorian LPG has received favorable analyst ratings, with Jefferies Financial Group raising its price target to $35.00 and retaining a "buy" rating.

Cetera Investment Advisers acquired a new position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,074 shares of the shipping company's stock, valued at approximately $270,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC grew its stake in shares of Dorian LPG by 381.3% in the first quarter. Jackson Hole Capital Partners LLC now owns 57,750 shares of the shipping company's stock worth $1,290,000 after purchasing an additional 45,750 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Dorian LPG by 4.2% in the first quarter. IFP Advisors Inc now owns 11,914 shares of the shipping company's stock worth $266,000 after purchasing an additional 477 shares in the last quarter. CWM LLC grew 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 purchasing an additional 1,106 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Dorian LPG by 4.8% in the first quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company's stock worth $261,000 after purchasing an additional 532 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Dorian LPG by 2.4% in the first quarter. Principal Financial Group Inc. now owns 213,052 shares of the shipping company's stock valued at $4,760,000 after buying an additional 5,025 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Stock Up 0.3%

Dorian LPG stock traded up $0.11 during mid-day trading on Tuesday, hitting $31.84. The company's stock had a trading volume of 490,427 shares, compared to its average volume of 633,749. The firm's 50 day moving average is $28.34 and its 200 day moving average is $24.03. The company has a market cap of $1.36 billion, a PE ratio of 27.69 and a beta of 0.77. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.32 and a quick ratio of 3.30. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $39.14.

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

Dorian LPG Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen upgraded Dorian LPG from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Jefferies Financial Group upped their price objective on Dorian LPG from $33.00 to $35.00 and gave the company a "buy" rating in a report on Friday, July 11th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus 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.