Vanguard Group Inc. Decreases Stock Position in Dorian LPG Ltd. $LPG

Key Points

• Vanguard Group Inc. reduced its stake in Dorian LPG Ltd. by 6.8%, holding approximately 4.13% of the company after selling 128,044 shares, valued at about $39.4 million.
• Dorian LPG's quarterly earnings revealed an EPS of $0.27, missing analyst estimates of $0.61, alongside a revenue drop of 26.3% compared to the previous year.
• The company recently declared a quarterly dividend of $0.60 per share, translating to an annualized yield of 7.5%, with ex-dividend date set for August 12th.

Vanguard Group Inc. lessened its stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 6.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,765,698 shares of the shipping company's stock after selling 128,044 shares during the period. Vanguard Group Inc. owned 4.13% of Dorian LPG worth $39,446,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new stake in Dorian LPG during the 1st quarter worth $1,720,000. Arizona State Retirement System raised its stake in Dorian LPG by 4.8% during the 1st 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 period. Raymond James Financial Inc. bought a new stake in Dorian LPG during the 4th quarter worth approximately $698,000. Principal Financial Group Inc. increased its holdings in Dorian LPG by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 213,052 shares of the shipping company's stock worth $4,760,000 after purchasing an additional 5,025 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Dorian LPG by 57.8% during the 4th quarter. Deutsche Bank AG now owns 33,926 shares of the shipping company's stock worth $827,000 after purchasing an additional 12,429 shares in the last quarter. Institutional investors own 62.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on LPG shares. Wall Street Zen raised Dorian LPG from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Jefferies Financial Group upped their target price on Dorian LPG from $33.00 to $35.00 and gave the company a "buy" rating in a report on Friday, July 11th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Dorian LPG presently has an average rating of "Buy" and a consensus price target of $35.00.

Dorian LPG Price Performance

LPG traded down $0.02 during trading on Monday, reaching $31.99. The stock had a trading volume of 417,818 shares, compared to its average volume of 561,261. The stock has a market cap of $1.36 billion, a PE ratio of 27.81 and a beta of 0.82. 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 $39.14. The business has a 50-day moving average of $28.86 and a 200-day moving average of $24.28.

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 analysts' consensus estimates 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 firm's revenue was down 26.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS. As a group, equities research analysts anticipate that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Announces Dividend

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

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.