Evermay Wealth Management LLC Acquires Shares of 1,300 Dorian LPG Ltd. $LPG

Evermay Wealth Management LLC acquired a new stake in Dorian LPG Ltd. (NYSE:LPG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,300 shares of the shipping company’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPG. GAMMA Investing LLC increased its position in Dorian LPG by 50.4% in the 1st quarter. GAMMA Investing LLC now owns 3,299 shares of the shipping company’s stock valued at $74,000 after acquiring an additional 1,105 shares in the last quarter. Rossby Financial LCC acquired a new stake in Dorian LPG in the 1st quarter valued at about $297,000. Principal Financial Group Inc. increased its position in Dorian LPG by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 213,052 shares of the shipping company’s stock valued at $4,760,000 after acquiring an additional 5,025 shares in the last quarter. Arizona State Retirement System grew its position in shares of 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. Finally, CWM LLC grew its position in shares of Dorian LPG by 74.5% during the 1st quarter. CWM LLC now owns 2,591 shares of the shipping company’s stock worth $58,000 after buying an additional 1,106 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Stock Up 0.5%

Dorian LPG stock opened at $27.04 on Tuesday. The company’s 50 day simple moving average is $30.22 and its 200 day simple moving average is $26.28. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $33.19. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 23.51 and a beta of 0.77. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.32 and a quick ratio of 3.30.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Friday, August 1st. The shipping company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.34). Dorian LPG had a return on equity of 5.24% and a net margin of 15.15%.The firm had revenue of $84.21 million for the quarter, compared to the consensus estimate of $86.53 million. During the same period in the previous year, the business earned $1.26 EPS. The firm’s revenue was down 26.3% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were paid 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 yield of 8.9%.

Insiders Place Their Bets

In related news, COO Alexander C. Hadjipateras sold 5,000 shares of Dorian LPG stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $32.38, for a total transaction of $161,900.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 13.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Dorian LPG from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Dorian LPG in a research report on Wednesday, October 8th. Finally, Zacks Research cut 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 company. Based on data from MarketBeat, Dorian LPG presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

About Dorian LPG

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.