UBS Group AG Lowers Position in Dorian LPG Ltd. $LPG

UBS Group AG cut its stake in Dorian LPG Ltd. (NYSE:LPG) by 66.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 116,984 shares of the shipping company’s stock after selling 235,975 shares during the quarter. UBS Group AG’s holdings in Dorian LPG were worth $2,847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Dorian LPG by 6.2% in the third quarter. American Century Companies Inc. now owns 1,697,048 shares of the shipping company’s stock worth $50,572,000 after buying an additional 99,485 shares during the period. SG Americas Securities LLC lifted its holdings in Dorian LPG by 212.7% in the fourth quarter. SG Americas Securities LLC now owns 53,071 shares of the shipping company’s stock worth $1,292,000 after buying an additional 36,101 shares during the period. Tudor Investment Corp ET AL lifted its holdings in Dorian LPG by 425.4% in the third quarter. Tudor Investment Corp ET AL now owns 256,216 shares of the shipping company’s stock worth $7,635,000 after buying an additional 207,450 shares during the period. Unison Advisors LLC purchased a new stake in Dorian LPG in the fourth quarter worth about $711,000. Finally, Avior Wealth Management LLC purchased a new stake in Dorian LPG in the fourth quarter worth about $439,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on LPG shares. Jefferies Financial Group raised their price objective on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Friday. Wall Street Zen upgraded shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday. Freedom Capital lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Dorian LPG in a report on Wednesday, April 22nd. Finally, Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Dorian LPG presently has a consensus rating of “Hold” and an average target price of $55.00.

Dorian LPG Price Performance

Shares of NYSE LPG opened at $46.49 on Tuesday. Dorian LPG Ltd. has a fifty-two week low of $20.08 and a fifty-two week high of $48.12. The company has a 50 day simple moving average of $36.99 and a two-hundred day simple moving average of $31.48. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 10.22 and a beta of 0.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.40 and a current ratio of 2.67.

Dorian LPG (NYSE:LPG) last announced its earnings results on Wednesday, May 20th. The shipping company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.48. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. The business had revenue of $153.27 million during the quarter, compared to the consensus estimate of $128.87 million. During the same quarter last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 102.0% on a year-over-year basis.

Dorian LPG Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a dividend yield of 951.0%. Dorian LPG’s dividend payout ratio (DPR) is currently 21.98%.

About Dorian LPG

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.