Sprott Inc. Invests $223,000 in Dorian LPG Ltd. $LPG

Key Points

• Sprott Inc. recently purchased 10,000 shares of Dorian LPG Ltd., valued at approximately $223,000, reflecting growing institutional interest in the company.
• Dorian LPG's stock has received a consensus rating of "Buy" from analysts, with a price target increase from $33.00 to $35.00.
• The company declared a quarterly dividend of $0.60 per share, which represents an annualized yield of 7.5% for stockholders of record.

Sprott Inc. acquired a new position in Dorian LPG Ltd. (NYSE:LPG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the shipping company's stock, valued at approximately $223,000.

Other hedge funds have also modified their holdings of the company. GSA Capital Partners LLP bought a new position in shares of Dorian LPG in the first quarter worth approximately $1,720,000. Arizona State Retirement System lifted its holdings in shares of Dorian LPG by 4.8% in the first quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company's stock worth $261,000 after buying an additional 532 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Dorian LPG in the fourth quarter worth $698,000. Principal Financial Group Inc. lifted its holdings in shares of Dorian LPG by 2.4% in the first quarter. Principal Financial Group Inc. now owns 213,052 shares of the shipping company's stock worth $4,760,000 after buying an additional 5,025 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Dorian LPG by 57.8% in the fourth 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. 62.50% of the stock is currently owned by institutional investors.

Dorian LPG Trading Down 1.1%

LPG stock traded down $0.35 during mid-day trading on Monday, reaching $31.74. 389,161 shares of the stock traded hands, compared to its average volume of 638,309. 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 one year low of $16.66 and a one year high of $39.35. The stock has a market capitalization of $1.35 billion, a PE ratio of 27.60 and a beta of 0.77. The business has a 50-day moving average price of $28.21 and a two-hundred day moving average price of $23.97.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $86.53 million. During the same quarter last year, the firm earned $1.26 EPS. The company's revenue was down 26.3% on a year-over-year basis. Equities research analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 7.6%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. 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 report on Friday, July 11th. Wall Street Zen raised shares of Dorian LPG from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus 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.