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

A number of other hedge funds have also recently modified their holdings of the company. Jackson Hole Capital Partners LLC grew its holdings 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 valued at $1,290,000 after purchasing an additional 45,750 shares during the period. IFP Advisors Inc grew its holdings 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 valued at $266,000 after purchasing an additional 477 shares during the period. CWM LLC grew its holdings 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 valued at $58,000 after purchasing an additional 1,106 shares during the period. Arizona State Retirement System grew its holdings 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 valued at $261,000 after purchasing an additional 532 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Dorian LPG by 2.4% during the first quarter. Principal Financial Group Inc. now owns 213,052 shares of the shipping company's stock worth $4,760,000 after buying an additional 5,025 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

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

Dorian LPG Stock Up 2.7%

NYSE:LPG traded up $0.8290 during mid-day trading on Friday, hitting $32.0990. The stock had a trading volume of 481,827 shares, compared to its average volume of 628,841. The stock has a 50-day simple moving average of $28.08 and a two-hundred day simple moving average of $23.91. The company has a market capitalization of $1.37 billion, a PE ratio of 27.91 and a beta of 0.77. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $39.35. The company has a current ratio of 3.32, a quick ratio of 3.30 and a debt-to-equity ratio of 0.47.

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

Dorian LPG Dividend Announcement

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

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.