Compass Financial Management LLC Acquires New Holdings in Dorian LPG Ltd. $LPG

Key Points

• Compass Financial Management acquired 40,238 Dorian LPG shares in the third quarter, valued at approximately $2.22 million, representing about 0.09% of the company. Institutional investors collectively own 62.5% of the stock.
• Dorian LPG reported quarterly EPS of $2.52, topping the $2.12 consensus estimate, while revenue rose 123.1% year over year to $187.88 million. The company also announced a special dividend of $1.25 per share.
• Analysts have a consensus Buy rating and a $55 price target. Company insiders sold 106,000 shares worth about $5.46 million during the last quarter.

Compass Financial Management LLC bought a new stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 40,238 shares of the shipping company's stock, valued at approximately $2,216,000. Compass Financial Management LLC owned about 0.09% of Dorian LPG as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of LPG. Public Employees Retirement System of Ohio bought a new stake in Dorian LPG in the second quarter worth $37,000. KBC Group NV purchased a new stake in Dorian LPG during the first quarter valued at $38,000. Allworth Financial LP lifted its position in Dorian LPG by 65.9% during the second quarter. Allworth Financial LP now owns 1,206 shares of the shipping company's stock valued at $42,000 after purchasing an additional 479 shares during the last quarter. Sterling Capital Management LLC lifted its position in Dorian LPG by 80.3% during the third quarter. Sterling Capital Management LLC now owns 941 shares of the shipping company's stock valued at $52,000 after purchasing an additional 419 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in Dorian LPG during the second quarter valued at $57,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dorian LPG

In related news, insider Tim Hansen sold 50,000 shares of the firm's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $53.12, for a total transaction of $2,656,000.00. Following the sale, the insider owned 107,675 shares of the company's stock, valued at $5,719,696. This trade represents a 31.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Alexander Hadjipateras sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $54.13, for a total transaction of $270,650.00. Following the transaction, the chief operating officer owned 95,836 shares of the company's stock, valued at approximately $5,187,602.68. This trade represents a 4.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 106,000 shares of company stock valued at $5,455,849. Company insiders own 13.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LPG. Weiss Ratings restated a "buy (b-)" rating on shares of Dorian LPG in a report on Tuesday, August 25th. Freedom Capital upgraded shares of Dorian LPG from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Finally, Wall Street Zen raised shares of Dorian LPG from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $55.00.

Dorian LPG Price Performance

LPG opened at $49.35 on Thursday. Dorian LPG Ltd. has a 12-month low of $23.76 and a 12-month high of $59.97. The company has a current ratio of 3.26, a quick ratio of 3.24 and a debt-to-equity ratio of 0.28. The business's fifty day simple moving average is $54.26 and its 200-day simple moving average is $42.26. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 6.54 and a beta of 0.64.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The shipping company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.12 by $0.40. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%. The firm had revenue of $187.88 million for the quarter, compared to analyst estimates of $160.78 million. During the same quarter last year, the firm posted $0.27 earnings per share. The business's revenue for the quarter was up 123.1% on a year-over-year basis.

Dorian LPG Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, November 9th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, November 9th. Dorian LPG's dividend payout ratio (DPR) is 13.25%.

Dorian LPG Company Profile

Dorian LPG Ltd. NYSE: LPG is a maritime transportation company that owns and operates liquefied petroleum gas (LPG) carriers. The company primarily transports propane, butane and other LPG products for energy companies, commodity traders and other commercial customers under time-charter, voyage-charter and other contractual arrangements.

Dorian LPG's fleet is focused primarily on very large gas carriers (VLGCs), including modern, fuel-efficient vessels designed to transport LPG in large quantities over international trade routes.

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