Sprott Inc. Makes New $223,000 Investment in Dorian LPG Ltd. $LPG

Sprott Inc. acquired a new position in Dorian LPG Ltd. (NYSE:LPG) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,000 shares of the shipping company’s stock, valued at approximately $223,000.

Other institutional investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in Dorian LPG in the fourth quarter worth $37,000. Brooklyn Investment Group increased its holdings in shares of Dorian LPG by 2,087.8% in the 1st quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company’s stock worth $44,000 after purchasing an additional 1,879 shares in the last quarter. Quarry LP grew its stake in shares of Dorian LPG by 155.3% in the fourth quarter. Quarry LP now owns 2,035 shares of the shipping company’s stock worth $50,000 after acquiring an additional 1,238 shares during the period. Picton Mahoney Asset Management lifted its holdings in Dorian LPG by 6,275.0% in the first 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 during the period. Finally, CWM LLC boosted its stake 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 acquiring an additional 1,106 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Price Performance

Shares of NYSE LPG opened at $32.0990 on Friday. The firm has a fifty day moving average of $28.08 and a 200 day moving average of $23.92. Dorian LPG Ltd. has a one year low of $16.66 and a one year high of $39.35. The firm has a market cap of $1.37 billion, a PE ratio of 27.91 and a beta of 0.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.30 and a current ratio of 3.32.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Friday, August 1st. The shipping company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.34). The business had revenue of $84.21 million for the quarter, compared to analyst estimates 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 was down 26.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 earnings per share. As a group, research analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Dorian LPG from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Wall Street Zen upgraded shares of Dorian LPG from a “sell” rating to a “hold” rating in a report on Sunday, June 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average 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.