Intech Investment Management LLC Boosts Stake in Dorian LPG Ltd. $LPG

Key Points

• Intech Investment Management LLC increased its stock holdings in Dorian LPG Ltd. by 616.4% in Q1, owning 125,142 shares valued at approximately $2.8 million.
• Dorian LPG recently reported an EPS of $0.27 for the quarter, missing the consensus estimate significantly, with revenue down 26.3% year-over-year.
• The company announced a quarterly dividend of $0.60, reflecting a 7.6% yield, with the ex-dividend date on August 12th.

Intech Investment Management LLC raised its position in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 616.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,142 shares of the shipping company's stock after purchasing an additional 107,675 shares during the period. Intech Investment Management LLC owned approximately 0.29% of Dorian LPG worth $2,796,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC raised its position in Dorian LPG by 1,003.8% during the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company's stock valued at $32,000 after purchasing an additional 1,315 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Dorian LPG during the fourth quarter valued at approximately $37,000. Brooklyn Investment Group raised its position in Dorian LPG by 2,087.8% during the first quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company's stock valued at $44,000 after purchasing an additional 1,879 shares in the last quarter. Picton Mahoney Asset Management raised its position in Dorian LPG by 6,275.0% during the first quarter. Picton Mahoney Asset Management now owns 2,040 shares of the shipping company's stock valued at $46,000 after purchasing an additional 2,008 shares in the last quarter. Finally, CWM LLC raised its position in Dorian LPG by 74.5% during the first 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 in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Dorian LPG Trading Down 1.5%

LPG traded down $0.50 during trading on Friday, reaching $31.79. 1,002,812 shares of the stock traded hands, compared to its average volume of 517,422. The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.36 billion, a PE ratio of 27.64 and a beta of 0.82. The stock's 50-day moving average is $30.44 and its 200 day moving average is $25.21. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $37.16.

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). Dorian LPG had a net margin of 15.15% and a return on equity of 5.24%. The company had revenue of $84.21 million for the quarter, compared to analyst estimates of $86.53 million. During the same quarter in the prior year, the company posted $1.26 EPS. Dorian LPG's revenue for the quarter was down 26.3% on a year-over-year basis. Equities analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 7.5%.

Insider Activity

In related news, COO Alexander C. Hadjipateras sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $32.38, for a total value of $161,900.00. Following the completion of the transaction, the chief operating officer directly owned 89,440 shares of the company's stock, valued at approximately $2,896,067.20. This trade represents a 5.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.