Swiss National Bank Has $1.76 Million Stake in Dorian LPG Ltd. $LPG

Swiss National Bank lifted its holdings in Dorian LPG Ltd. (NYSE:LPG) by 5.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,785 shares of the shipping company’s stock after purchasing an additional 3,900 shares during the period. Swiss National Bank owned 0.18% of Dorian LPG worth $1,760,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. IFP Advisors Inc raised its stake in shares of Dorian LPG by 4.2% in the 1st quarter. IFP Advisors Inc now owns 11,914 shares of the shipping company’s stock valued at $266,000 after acquiring an additional 477 shares in the last quarter. Moors & Cabot Inc. raised 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 purchasing an additional 495 shares during the period. Arizona State Retirement System lifted its stake 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 worth $261,000 after buying an additional 532 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Dorian LPG by 3.8% in the fourth quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company’s stock worth $385,000 after buying an additional 572 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in shares of Dorian LPG by 3.3% during the 1st quarter. SummerHaven Investment Management LLC now owns 18,929 shares of the shipping company’s stock worth $423,000 after buying an additional 598 shares during the period. Institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LPG. Wall Street Zen upgraded shares of Dorian LPG from a “sell” rating to a “hold” rating in a research note on Sunday, June 1st. Jefferies Financial Group upped their price target on shares of 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, the stock presently has a consensus rating of “Buy” and a consensus price target of $35.00.

Dorian LPG Price Performance

Shares of Dorian LPG stock opened at $32.0990 on Monday. 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 Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $39.35. The firm has a fifty day moving average price of $28.08 and a two-hundred day moving average price of $23.91. The company has a market cap of $1.37 billion, a PE ratio of 27.91 and a beta of 0.77.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Friday, August 1st. The shipping company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.34). The company had revenue of $84.21 million for the quarter, compared to the consensus estimate of $86.53 million. Dorian LPG had a return on equity of 5.24% and a net margin of 15.15%.The business’s revenue for the quarter was down 26.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. Analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 7.5%.

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.