Dorian LPG Ltd. $LPG Shares Acquired by Charles Schwab Investment Management Inc.

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. grew its stake in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 10.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 580,771 shares of the shipping company's stock after acquiring an additional 56,432 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.36% of Dorian LPG worth $12,974,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LPG. Wells Fargo & Company MN increased its stake in shares of Dorian LPG by 27.3% in the 4th quarter. Wells Fargo & Company MN now owns 30,270 shares of the shipping company's stock worth $738,000 after acquiring an additional 6,489 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Dorian LPG during the 4th quarter worth $698,000. Barclays PLC grew its holdings in shares of Dorian LPG by 5.3% during the 4th quarter. Barclays PLC now owns 66,248 shares of the shipping company's stock worth $1,614,000 after purchasing an additional 3,313 shares during the period. Mariner LLC grew its holdings in shares of Dorian LPG by 348.5% during the 4th quarter. Mariner LLC now owns 32,078 shares of the shipping company's stock worth $782,000 after purchasing an additional 24,926 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in shares of Dorian LPG by 10.0% during the 4th quarter. MetLife Investment Management LLC now owns 22,248 shares of the shipping company's stock worth $542,000 after purchasing an additional 2,029 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LPG has been the subject of a number of research analyst reports. Jefferies Financial Group increased 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. Wall Street Zen upgraded 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, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $35.00.

Dorian LPG Stock Performance

Shares of Dorian LPG stock opened at $32.0990 on Friday. The business has a 50-day moving average of $28.08 and a 200 day moving average of $23.91. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $39.35. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 27.91 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 (NYSE:LPG - Get Free Report) last posted 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). The company 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%. Dorian LPG's revenue for the quarter was down 26.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 EPS. As a group, sell-side analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend 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.

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