Beacon Capital Management LLC Invests $27,000 in Dorian LPG Ltd. (NYSE:LPG)

Beacon Capital Management LLC purchased a new position in Dorian LPG Ltd. (NYSE:LPG) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 700 shares of the shipping company’s stock, valued at approximately $27,000.

Several other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Dorian LPG by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,272,479 shares of the shipping company’s stock worth $143,565,000 after purchasing an additional 39,479 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Dorian LPG by 16.7% in the first quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company’s stock worth $82,067,000 after acquiring an additional 305,818 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Dorian LPG by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 427,986 shares of the shipping company’s stock worth $18,776,000 after acquiring an additional 10,493 shares during the period. Bridgeway Capital Management LLC raised its holdings in shares of Dorian LPG by 1.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 375,115 shares of the shipping company’s stock worth $16,456,000 after buying an additional 5,536 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in Dorian LPG by 23.2% during the 1st quarter. First Eagle Investment Management LLC now owns 266,875 shares of the shipping company’s stock worth $10,264,000 after purchasing an additional 50,200 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

LPG has been the topic of several recent research reports. Jefferies Financial Group increased their target price on Dorian LPG from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. StockNews.com cut Dorian LPG from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, DNB Markets raised Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Wednesday, July 3rd.

Dorian LPG Stock Performance

Shares of NYSE LPG traded down $1.66 during trading on Friday, reaching $38.04. 435,181 shares of the company traded hands, compared to its average volume of 830,582. The firm’s fifty day simple moving average is $43.00 and its 200 day simple moving average is $40.57. The stock has a market cap of $1.62 billion, a P/E ratio of 5.20 and a beta of 0.97. Dorian LPG Ltd. has a 12-month low of $24.17 and a 12-month high of $51.66. The company has a current ratio of 3.62, a quick ratio of 3.60 and a debt-to-equity ratio of 0.54.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.23. Dorian LPG had a return on equity of 32.22% and a net margin of 54.83%. The firm had revenue of $114.30 million during the quarter, compared to analyst estimates of $113.70 million. During the same quarter in the previous year, the business earned $1.21 EPS. Dorian LPG’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, research analysts anticipate that Dorian LPG Ltd. will post 4.72 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently announced a None dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Thursday, August 8th will be given a $1.00 dividend. The ex-dividend date of this dividend is Thursday, August 8th. Dorian LPG’s payout ratio is 26.32%.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.