Savant Capital LLC Makes New $276,000 Investment in Dorian LPG Ltd. $LPG

Savant Capital LLC bought a new stake in Dorian LPG Ltd. (NYSE:LPG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,304 shares of the shipping company’s stock, valued at approximately $276,000.

A number of other institutional investors have also made changes to their positions in LPG. Opal Wealth Advisors LLC bought a new stake in Dorian LPG during the 2nd quarter worth about $29,000. Evermay Wealth Management LLC acquired a new position in shares of Dorian LPG during the second quarter worth approximately $32,000. NewEdge Advisors LLC grew its stake 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 valued at $32,000 after purchasing an additional 1,315 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Dorian LPG by 2,087.8% in the first quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company’s stock valued at $44,000 after purchasing an additional 1,879 shares in the last quarter. Finally, Picton Mahoney Asset Management raised 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 worth $46,000 after purchasing an additional 2,008 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Dorian LPG news, COO Alexander C. Hadjipateras sold 5,000 shares of the 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 sale, the chief operating officer directly owned 89,440 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 13.60% of the company’s stock.

Analysts Set New Price Targets

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

Dorian LPG Stock Up 1.5%

NYSE:LPG opened at $25.86 on Wednesday. The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.44. Dorian LPG Ltd. has a 12-month low of $16.66 and a 12-month high of $32.79. The stock’s fifty day simple moving average is $28.76 and its 200-day simple moving average is $27.42. The firm has a market capitalization of $1.11 billion, a P/E ratio of 11.60 and a beta of 0.76.

Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, November 6th. The shipping company reported $1.31 earnings per share for the quarter, missing the consensus estimate 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. The company’s quarterly revenue was up 50.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. Equities research analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Increases Dividend

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

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.