Fox Run Management L.L.C. Takes Position in Dorian LPG Ltd. $LPG

Key Points

• Fox Run Management L.L.C. invested approximately $1.23 million in Dorian LPG Ltd., acquiring 54,863 shares during the 1st quarter, now holding about 0.13% of the company.
• Analysts have raised Dorian LPG's target price to $35.00 and upgraded its rating from "sell" to "hold," indicating improved sentiment among investors.
• Dorian LPG recently declared a quarterly dividend of $0.60 per share, providing an annual yield of 7.9% for shareholders.

Fox Run Management L.L.C. bought a new stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 54,863 shares of the shipping company's stock, valued at approximately $1,226,000. Fox Run Management L.L.C. owned approximately 0.13% of Dorian LPG as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. IFP Advisors Inc raised its holdings in Dorian LPG by 4.2% during the first quarter. IFP Advisors Inc now owns 11,914 shares of the shipping company's stock valued at $266,000 after acquiring an additional 477 shares during the period. Moors & Cabot Inc. raised its holdings in Dorian LPG by 3.1% during the first quarter. Moors & Cabot Inc. now owns 16,308 shares of the shipping company's stock valued at $364,000 after acquiring an additional 495 shares during the period. Arizona State Retirement System raised its holdings in Dorian LPG by 4.8% during the first quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company's stock valued at $261,000 after acquiring an additional 532 shares during the period. Franklin Resources Inc. raised its holdings in Dorian LPG by 2.5% during the fourth quarter. Franklin Resources Inc. now owns 22,593 shares of the shipping company's stock valued at $551,000 after acquiring an additional 545 shares during the period. Finally, Voya Investment Management LLC raised its holdings in Dorian LPG by 3.8% during the fourth quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company's stock valued at $385,000 after acquiring an additional 572 shares during the period. 62.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on LPG. Wall Street Zen raised Dorian LPG from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Jefferies Financial Group boosted their target price on Dorian LPG from $33.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Dorian LPG has an average rating of "Buy" and a consensus price target of $35.00.

Dorian LPG Trading Down 2.2%

NYSE LPG traded down $0.68 during trading hours on Tuesday, hitting $30.05. 284,322 shares of the company were exchanged, compared to its average volume of 737,114. The stock has a 50-day moving average price of $27.49 and a 200 day moving average price of $23.73. The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.47. Dorian LPG Ltd. has a 52 week low of $16.66 and a 52 week high of $39.35. The stock has a market cap of $1.28 billion, a PE ratio of 26.18 and a beta of 0.77.

Dorian LPG (NYSE:LPG - Get Free Report) last issued 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). Dorian LPG had a return on equity of 5.24% and a net margin of 15.15%.The company had revenue of $84.21 million for the quarter, compared to the consensus estimate of $86.53 million. During the same period in the previous year, the firm earned $1.26 earnings per share. The company's revenue was down 26.3% compared to the same quarter last year. Analysts forecast 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 will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.0%. Dorian LPG's dividend payout ratio is 86.96%.

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.