Intech Investment Management LLC Raises Stock Holdings in Dorian LPG Ltd. $LPG

Intech Investment Management LLC boosted its holdings in Dorian LPG Ltd. (NYSE:LPG) by 616.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 125,142 shares of the shipping company’s stock after purchasing an additional 107,675 shares during the period. Intech Investment Management LLC owned about 0.29% of Dorian LPG worth $2,796,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in Dorian LPG in the first quarter valued at about $1,720,000. Arizona State Retirement System boosted its holdings in Dorian LPG by 4.8% in the first quarter. Arizona State Retirement System now owns 11,664 shares of the shipping company’s stock valued at $261,000 after purchasing an additional 532 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Dorian LPG by 2.4% in the first quarter. Principal Financial Group Inc. now owns 213,052 shares of the shipping company’s stock valued at $4,760,000 after purchasing an additional 5,025 shares during the last quarter. Deutsche Bank AG lifted 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 buying an additional 12,429 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Dorian LPG by 50.4% during the 1st quarter. GAMMA Investing LLC now owns 3,299 shares of the shipping company’s stock worth $74,000 after buying an additional 1,105 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Up 0.6%

Shares of Dorian LPG stock opened at $31.74 on Monday. The company has a current ratio of 3.32, a quick ratio of 3.30 and a debt-to-equity ratio of 0.47. The business’s 50 day simple moving average is $29.94 and its 200-day simple moving average is $24.86. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 27.60 and a beta of 0.82. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $37.16.

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

Dorian LPG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 7.6%. The ex-dividend date was Tuesday, August 12th.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Zacks Research downgraded Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. Jefferies Financial Group increased their target price on Dorian LPG from $33.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, Wall Street Zen raised Dorian LPG from a “sell” rating to a “hold” rating in a report on Sunday, June 1st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.