Dorian LPG Ltd. $LPG Shares Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Dorian LPG Ltd. by 71.4%, owning approximately 155,487 shares valued at $3.47 million by the end of the last quarter.
• Dorian LPG recently declared a quarterly dividend of $0.60, representing a 7.8% dividend yield, with a payout ratio of approximately 86.96%.
• The company's stock price opened at $30.69, and Dorian LPG reported a quarterly earnings miss with earnings per share at $0.27, which was lower than the expected $0.61.

Public Sector Pension Investment Board boosted its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 71.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 155,487 shares of the shipping company's stock after purchasing an additional 64,757 shares during the period. Public Sector Pension Investment Board owned about 0.36% of Dorian LPG worth $3,474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LPG. Sparta 24 Ltd. purchased a new position in Dorian LPG in the 1st quarter worth approximately $5,036,000. Voloridge Investment Management LLC bought a new stake in Dorian LPG in the fourth quarter worth about $4,669,000. Boothbay Fund Management LLC bought a new position in Dorian LPG in the 4th quarter valued at $2,838,000. Teza Capital Management LLC grew its position in Dorian LPG by 1,025.9% in the 4th quarter. Teza Capital Management LLC now owns 102,072 shares of the shipping company's stock valued at $2,487,000 after acquiring an additional 93,006 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in Dorian LPG by 147.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 154,814 shares of the shipping company's stock valued at $3,459,000 after acquiring an additional 92,286 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Dorian LPG Price Performance

LPG traded up $0.8290 during trading on Friday, hitting $32.0990. The company's stock had a trading volume of 481,827 shares, compared to its average volume of 638,309. The company has a current ratio of 3.32, a quick ratio of 3.30 and a debt-to-equity ratio of 0.47. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $39.35. The business's fifty day simple moving average is $28.08 and its 200 day simple moving average is $23.91. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 27.91 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 EPS 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 business had revenue of $84.21 million during the quarter, compared to analyst estimates of $86.53 million. During the same period in the previous year, the business posted $1.26 earnings per share. The firm's revenue for the quarter was down 26.3% on a year-over-year basis. On average, equities research analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.5%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LPG shares. Jefferies Financial Group increased their price target on 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 raised Dorian LPG from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Dorian LPG has a consensus rating of "Buy" and an average target price of $35.00.

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.