Charles Schwab Investment Management Inc. Raises Stock Position in Dorian LPG Ltd. $LPG

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Dorian LPG Ltd. by 10.8%, owning approximately 580,771 shares valued at $12.97 million as of the latest SEC filing.
• Dorian LPG reported a loss in quarterly earnings, with EPS of $0.27, missing analysts' expectations of $0.61, and a year-over-year revenue decline of 26.3%.
• The company announced a quarterly dividend of $0.60 per share, representing a 7.5% yield, to be paid to stockholders on August 27th.

Charles Schwab Investment Management Inc. raised its stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 10.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 580,771 shares of the shipping company's stock after acquiring an additional 56,432 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.36% of Dorian LPG worth $12,974,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LPG. Heck Capital Advisors LLC acquired a new stake in shares of Dorian LPG during the fourth quarter valued at about $37,000. Picton Mahoney Asset Management increased its position in shares of Dorian LPG by 6,275.0% during the first quarter. Picton Mahoney Asset Management now owns 2,040 shares of the shipping company's stock valued at $46,000 after acquiring an additional 2,008 shares during the last quarter. Quarry LP increased its position in shares of Dorian LPG by 155.3% during the fourth quarter. Quarry LP now owns 2,035 shares of the shipping company's stock valued at $50,000 after acquiring an additional 1,238 shares during the last quarter. CWM LLC increased its position in shares of Dorian LPG by 74.5% during the first quarter. CWM LLC now owns 2,591 shares of the shipping company's stock valued at $58,000 after acquiring an additional 1,106 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Dorian LPG by 50.4% during the first quarter. GAMMA Investing LLC now owns 3,299 shares of the shipping company's stock valued at $74,000 after acquiring an additional 1,105 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Dorian LPG Stock Down 0.0%

Dorian LPG stock traded down $0.02 during trading on Friday, reaching $31.99. The stock had a trading volume of 417,818 shares, compared to its average volume of 616,023. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $39.14. The business has a 50 day moving average price of $28.72 and a 200 day moving average price of $24.20. The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.36 billion, a PE ratio of 27.81 and a beta of 0.77.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $86.53 million. During the same quarter in the prior year, the firm earned $1.26 EPS. The firm's revenue was down 26.3% compared to the same quarter last year. On average, analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were paid a $0.60 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $2.40 dividend on an annualized basis and a yield of 7.5%.

Dorian LPG Company 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.