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) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of Dorian LPG in the fourth quarter valued at approximately $37,000. Picton Mahoney Asset Management increased its holdings in Dorian LPG by 6,275.0% during the 1st quarter. Picton Mahoney Asset Management now owns 2,040 shares of the shipping company's stock worth $46,000 after acquiring an additional 2,008 shares during the period. Quarry LP lifted its stake in Dorian LPG by 155.3% in the 4th quarter. Quarry LP now owns 2,035 shares of the shipping company's stock worth $50,000 after purchasing an additional 1,238 shares in the last quarter. CWM LLC boosted its holdings in Dorian LPG by 74.5% in the 1st quarter. CWM LLC now owns 2,591 shares of the shipping company's stock valued at $58,000 after purchasing an additional 1,106 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Dorian LPG by 50.4% during the 1st quarter. GAMMA Investing LLC now owns 3,299 shares of the shipping company's stock valued at $74,000 after purchasing an additional 1,105 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LPG. Jefferies Financial Group upped their price target on shares of 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 research report on Sunday, June 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $35.00.

Dorian LPG Price Performance

NYSE:LPG traded up $0.4340 during midday trading on Wednesday, hitting $30.5440. The company had a trading volume of 435,125 shares, compared to its average volume of 626,164. The company has a market capitalization of $1.30 billion, a PE ratio of 26.56 and a beta of 0.77. 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's fifty day moving average price is $27.79 and its 200-day moving average price is $23.82.

Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The shipping company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.34). Dorian LPG had a net margin of 15.15% and a return on equity of 5.24%. The firm had revenue of $84.21 million for the quarter, compared to analysts' expectations of $86.53 million. During the same quarter in the previous year, the business earned $1.26 EPS. The company's revenue for the quarter was down 26.3% on a year-over-year basis. As a group, research analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 7.9%.

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.