Savant Capital LLC Buys Shares of 11,304 Dorian LPG Ltd. $LPG

Savant Capital LLC purchased a new position in shares of Dorian LPG Ltd. (NYSE:LPG) during the second quarter, HoldingsChannel.com reports. The fund purchased 11,304 shares of the shipping company’s stock, valued at approximately $276,000.

Several other institutional investors have also modified their holdings of LPG. Opal Wealth Advisors LLC acquired a new position in shares of Dorian LPG in the 2nd quarter valued at approximately $29,000. Evermay Wealth Management LLC acquired a new position in shares of Dorian LPG in the second quarter valued at approximately $32,000. NewEdge Advisors LLC increased its position in shares of Dorian LPG by 1,003.8% during the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after acquiring an additional 1,315 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Dorian LPG by 2,087.8% during the first quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company’s stock worth $44,000 after acquiring an additional 1,879 shares during the period. Finally, Picton Mahoney Asset Management lifted its position in Dorian LPG by 6,275.0% in the 1st quarter. Picton Mahoney Asset Management now owns 2,040 shares of the shipping company’s stock valued at $46,000 after acquiring an additional 2,008 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Trading Up 1.5%

Dorian LPG stock opened at $25.86 on Wednesday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 11.60 and a beta of 0.76. The firm has a 50-day moving average of $28.76 and a 200-day moving average of $27.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.32 and a quick ratio of 3.30. Dorian LPG Ltd. has a one year low of $16.66 and a one year high of $32.79.

Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, November 6th. The shipping company reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.09). Dorian LPG had a net margin of 26.02% and a return on equity of 9.13%. The company had revenue of $124.06 million during the quarter, compared to analyst estimates of $126.99 million. During the same period in the prior year, the firm posted $0.35 EPS. Dorian LPG’s revenue was up 50.6% compared to the same quarter last year. On average, equities analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be paid a dividend of $0.65 per share. The ex-dividend date is Monday, November 17th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 10.1%. This is an increase from Dorian LPG’s previous quarterly dividend of $0.60.

Insider Activity at Dorian LPG

In related news, COO Alexander C. Hadjipateras sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $32.38, for a total value of $161,900.00. Following the completion of the transaction, the chief operating officer directly owned 89,440 shares of the company’s stock, valued at approximately $2,896,067.20. This trade represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LPG shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dorian LPG in a report on Thursday, November 13th. Pareto Securities cut Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Zacks Research lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 9th. Finally, Wall Street Zen downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research report on Sunday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Dorian LPG currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Dorian LPG Company 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.