HighTower Advisors LLC Has $587,000 Stake in Dorian LPG Ltd. $LPG

Key Points

• HighTower Advisors LLC acquired 11,304 additional shares of Dorian LPG Ltd., increasing its holdings by 75.4% during the first quarter, bringing total ownership to 26,288 shares valued at approximately $587,000.
• Dorian LPG recently reported earnings of $0.27 per share for the quarter, which missed estimates of $0.61, alongside a revenue decline of 26.3% year-over-year.
• The company also declared a quarterly dividend of $0.60 per share, representing an annualized dividend yield of 7.5%, with the ex-dividend date on August 12.

HighTower Advisors LLC increased its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 75.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 26,288 shares of the shipping company's stock after purchasing an additional 11,304 shares during the period. HighTower Advisors LLC owned about 0.06% of Dorian LPG worth $587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in Dorian LPG in the 1st quarter worth approximately $1,720,000. Arizona State Retirement System boosted its stake in Dorian LPG by 4.8% in the 1st quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company's stock worth $261,000 after purchasing an additional 532 shares during the period. Raymond James Financial Inc. acquired a new position in Dorian LPG in the 4th quarter worth approximately $698,000. Principal Financial Group Inc. boosted its stake in Dorian LPG by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 213,052 shares of the shipping company's stock worth $4,760,000 after purchasing an additional 5,025 shares during the period. Finally, Deutsche Bank AG lifted its position in Dorian LPG by 57.8% in the 4th quarter. Deutsche Bank AG now owns 33,926 shares of the shipping company's stock worth $827,000 after buying an additional 12,429 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Dorian LPG Stock Down 0.1%

Shares of Dorian LPG stock traded down $0.03 during midday trading on Wednesday, reaching $30.47. 550,786 shares of the company's stock traded hands, compared to its average volume of 723,414. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 26.49 and a beta of 0.82. The company's 50 day simple moving average is $28.98 and its 200 day simple moving average is $24.32. 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 Ltd. has a 52 week low of $16.66 and a 52 week high of $37.32.

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). The business had revenue of $84.21 million for the quarter, compared to the consensus estimate of $86.53 million. Dorian LPG had a net margin of 15.15% and a return on equity of 5.24%. The firm's revenue for the quarter was down 26.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 EPS. Equities analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date was Tuesday, August 12th. Dorian LPG's dividend payout ratio is 86.96%.

Analyst Ratings Changes

A number of research firms have issued reports on LPG. Jefferies Financial Group increased their target price on shares of Dorian LPG from $33.00 to $35.00 and gave the stock 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 research report on Sunday, June 1st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Dorian LPG has a consensus rating of "Buy" and a consensus price target of $35.00.

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.