Tweedy Browne Co LLC Invests $230,000 in Dorian LPG Ltd. $LPG

Key Points

• Tweedy Browne Co LLC has made a new investment of approximately $230,000 in Dorian LPG Ltd., acquiring 9,419 shares during the second quarter.
• Dorian LPG recently reported a $0.27 EPS for its last quarter, missing analyst expectations of $0.61 EPS and showing a 26.3% decline in revenue compared to the same period last year.
• The company declared a quarterly dividend of $0.60 per share, yielding 9.0% annually, with stockholders of record receiving the payments on August 27th.

Tweedy Browne Co LLC bought a new position in Dorian LPG Ltd. (NYSE:LPG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 9,419 shares of the shipping company's stock, valued at approximately $230,000.

A number of other large investors have also added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in Dorian LPG by 4.2% during the first quarter. IFP Advisors Inc now owns 11,914 shares of the shipping company's stock worth $266,000 after purchasing an additional 477 shares during the period. Moors & Cabot Inc. boosted its position in shares of Dorian LPG by 3.1% in the first quarter. Moors & Cabot Inc. now owns 16,308 shares of the shipping company's stock valued at $364,000 after acquiring an additional 495 shares during the period. Arizona State Retirement System boosted its position 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 valued at $261,000 after acquiring an additional 532 shares during the period. Inspire Investing LLC lifted its position in Dorian LPG by 3.1% during the first quarter. Inspire Investing LLC now owns 18,206 shares of the shipping company's stock valued at $407,000 after purchasing an additional 547 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its position in Dorian LPG by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 19,603 shares of the shipping company's stock valued at $478,000 after purchasing an additional 674 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

Insider Activity

In other news, COO Alexander C. Hadjipateras sold 5,000 shares of the firm's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $32.38, for a total transaction of $161,900.00. Following the sale, the chief operating officer owned 89,440 shares of the company's stock, valued at $2,896,067.20. This trade represents a 5.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.60% of the stock is currently owned by insiders.

Dorian LPG Stock Performance

Shares of LPG stock opened at $26.62 on Friday. Dorian LPG Ltd. has a one year low of $16.66 and a one year high of $33.67. The company's 50-day moving average is $30.36 and its 200 day moving average is $26.11. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 23.15 and a beta of 0.77. 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 (NYSE:LPG - Get Free Report) last announced 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 firm had revenue of $84.21 million for the quarter, compared to analysts' expectations of $86.53 million. During the same period last year, the company posted $1.26 earnings per share. The business's revenue for the quarter was down 26.3% compared to the same quarter last year. Sell-side analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal 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 issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date of this dividend was Tuesday, August 12th.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lifted their target price on shares of Dorian LPG from $33.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dorian LPG in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Dorian LPG from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dorian LPG presently has a consensus rating of "Moderate 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.

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