Cwm LLC Boosts Stock Position in Dorian LPG Ltd. $LPG

Key Points

• Cwm LLC increased its stake in Dorian LPG by 851.5% during Q2, owning 24,653 shares valued at approximately $601,000.
• Wall Street analysts have mixed ratings for Dorian LPG, with a target price hike from $33 to $35 by Jefferies Financial Group, while Zacks cut its rating from "strong-buy" to "hold."
• Dorian LPG declared a quarterly dividend of $0.60 per share, resulting in an annualized dividend yield of 8.5%.

Cwm LLC grew its stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 851.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,653 shares of the shipping company's stock after buying an additional 22,062 shares during the period. Cwm LLC owned 0.06% of Dorian LPG worth $601,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LPG. Opal Wealth Advisors LLC purchased a new position in shares of Dorian LPG during the 2nd quarter valued at about $29,000. NewEdge Advisors LLC lifted its position in shares of Dorian LPG by 1,003.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company's stock valued at $32,000 after buying an additional 1,315 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Dorian LPG by 2,087.8% during the 1st quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company's stock valued at $44,000 after buying an additional 1,879 shares in the last quarter. Picton Mahoney Asset Management lifted its holdings in Dorian LPG by 6,275.0% in the 1st quarter. Picton Mahoney Asset Management now owns 2,040 shares of the shipping company's stock worth $46,000 after purchasing an additional 2,008 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Dorian LPG by 50.4% in the 1st quarter. GAMMA Investing LLC now owns 3,299 shares of the shipping company's stock worth $74,000 after purchasing an additional 1,105 shares in the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LPG. Jefferies Financial Group boosted their price target on Dorian LPG from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Zacks Research cut Dorian LPG from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 9th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Dorian LPG in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Dorian LPG currently has an average rating of "Moderate Buy" and an average target price of $35.00.

Dorian LPG Stock Performance

NYSE LPG opened at $28.19 on Friday. The company has a market cap of $1.20 billion, a P/E ratio of 24.51 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. The business's 50 day moving average price is $30.04 and its 200-day moving average price is $26.35. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $32.79.

Dorian LPG (NYSE:LPG - Get Free Report) last released 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 company had revenue of $84.21 million for the quarter, compared to the consensus estimate of $86.53 million. Dorian LPG had a net margin of 15.15% and a return on equity of 5.24%. The business's revenue for the quarter was down 26.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 EPS. Sell-side analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders 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 annualized dividend and a dividend yield of 8.5%.

Insider Buying and Selling at Dorian LPG

In other news, COO Alexander C. Hadjipateras sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The stock was 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 of the company's stock, valued at approximately $2,896,067.20. The trade was a 5.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.60% of the company's stock.

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.

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