Focus Partners Wealth Purchases 45,590 Shares of Dorian LPG Ltd. $LPG

Key Points

• Focus Partners Wealth increased its stake in Dorian LPG Ltd. by 18.3% to $6.57 million, holding 294,240 shares after purchasing an additional 45,590 shares.
• Dorian LPG reported $0.27 EPS for the last quarter, missing analysts' expectations of $0.61, resulting in a revenue decline of 26.3% year-over-year.
• The company declared a quarterly dividend of $0.60, bringing its annualized dividend yield to 7.6%.

Focus Partners Wealth grew its stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 18.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 294,240 shares of the shipping company's stock after buying an additional 45,590 shares during the quarter. Focus Partners Wealth owned approximately 0.69% of Dorian LPG worth $6,573,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. American Century Companies Inc. grew its stake in shares of Dorian LPG by 8.0% during the first quarter. American Century Companies Inc. now owns 1,460,840 shares of the shipping company's stock worth $32,635,000 after buying an additional 108,769 shares during the last quarter. Millennium Management LLC grew its stake in shares of Dorian LPG by 3,728.9% in the first quarter. Millennium Management LLC now owns 997,470 shares of the shipping company's stock worth $22,283,000 after purchasing an additional 971,419 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Dorian LPG by 10.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 580,771 shares of the shipping company's stock worth $12,974,000 after purchasing an additional 56,432 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Dorian LPG by 2.1% in the first quarter. Bridgeway Capital Management LLC now owns 458,653 shares of the shipping company's stock worth $10,246,000 after purchasing an additional 9,544 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Dorian LPG by 20.1% in the fourth quarter. Northern Trust Corp now owns 418,569 shares of the shipping company's stock worth $10,201,000 after purchasing an additional 70,046 shares during the last quarter. Institutional investors own 62.50% of the company's stock.

Dorian LPG Stock Up 0.7%

Shares of NYSE LPG traded up $0.24 during trading on Thursday, hitting $32.27. 388,054 shares of the company traded hands, compared to its average volume of 522,569. The business's fifty day moving average is $30.38 and its 200 day moving average is $25.13. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $37.16. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 28.06 and a beta of 0.82. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.30 and a current ratio of 3.32.

Dorian LPG (NYSE:LPG - Get Free Report) last announced its quarterly earnings data 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 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 quarter in the prior year, the company posted $1.26 EPS. Equities research analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

The firm 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 7.4%.

Analysts Set New Price Targets

Several analysts recently weighed in on LPG shares. Jefferies Financial Group boosted their price objective 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 note on Sunday, June 1st. Finally, Zacks Research cut shares of Dorian LPG from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 9th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.00.

Insider Activity at Dorian LPG

In other news, COO Alexander C. Hadjipateras sold 5,000 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $32.38, for a total transaction of $161,900.00. Following the completion of the sale, the chief operating officer directly owned 89,440 shares of the company's stock, valued at $2,896,067.20. The trade was a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 13.60% of the stock is currently owned by insiders.

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.