International Assets Investment Management LLC Takes Position in Dorian LPG Ltd. (NYSE:LPG)

International Assets Investment Management LLC purchased a new position in Dorian LPG Ltd. (NYSE:LPG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 65,031 shares of the shipping company’s stock, valued at approximately $2,238,000. International Assets Investment Management LLC owned about 0.16% of Dorian LPG as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LPG. Pacer Advisors Inc. grew its stake in shares of Dorian LPG by 22.4% in the second quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company’s stock worth $128,547,000 after acquiring an additional 560,325 shares during the last quarter. Vanguard Group Inc. increased its stake in Dorian LPG by 16.7% during the 1st quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock valued at $82,067,000 after purchasing an additional 305,818 shares in the last quarter. American Century Companies Inc. raised its holdings in Dorian LPG by 14.2% in the second quarter. American Century Companies Inc. now owns 1,063,865 shares of the shipping company’s stock worth $44,640,000 after buying an additional 132,542 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Dorian LPG by 435.3% in the second quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company’s stock worth $19,181,000 after buying an additional 371,724 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Dorian LPG by 5.5% during the second quarter. First Eagle Investment Management LLC now owns 281,475 shares of the shipping company’s stock valued at $11,811,000 after buying an additional 14,600 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Price Performance

NYSE LPG opened at $29.31 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.58 and a current ratio of 4.22. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 4.97 and a beta of 1.00. The stock has a 50-day moving average of $34.45 and a 200 day moving average of $39.28. Dorian LPG Ltd. has a one year low of $28.64 and a one year high of $51.66.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.17). Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The company had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $82.40 million. During the same period in the previous year, the firm earned $1.85 earnings per share. The firm’s revenue for the quarter was down 43.1% on a year-over-year basis. On average, sell-side analysts forecast that Dorian LPG Ltd. will post 3.93 EPS for the current year.

Dorian LPG Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, November 5th.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating and issued a $42.00 price objective on shares of Dorian LPG in a report on Thursday.

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.