10,000 Shares in Dorian LPG Ltd. $LPG Acquired by Sprott Inc.

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in Dorian LPG during the first quarter worth about $1,720,000. Arizona State Retirement System boosted its holdings in Dorian LPG by 4.8% during 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 during the last quarter. Raymond James Financial Inc. bought a new position in Dorian LPG during the fourth quarter worth about $698,000. Principal Financial Group Inc. boosted its holdings in Dorian LPG by 2.4% during 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 during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Dorian LPG by 57.8% during 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 during the last quarter. Institutional investors own 62.50% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LPG. Jefferies Financial Group raised their target price on 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 report on Sunday, June 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $35.00.

Dorian LPG Stock Down 0.8%

NYSE LPG traded down $0.25 during trading on Thursday, hitting $31.92. The stock had a trading volume of 89,521 shares, compared to its average volume of 723,127. The company has a market capitalization of $1.36 billion, a PE ratio of 27.77 and a beta of 0.77. The company's 50-day moving average price is $28.46 and its two-hundred day moving average price is $24.08. 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 12 month low of $16.66 and a 12 month high of $39.14.

Dorian LPG (NYSE:LPG - Get Free Report) last released its earnings results on Friday, August 1st. The shipping company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.34). The firm had revenue of $84.21 million during 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 company's revenue was down 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. As a group, sell-side analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $2.40 annualized dividend and a dividend yield of 7.5%. Dorian LPG's payout ratio is 86.96%.

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.