UBS Group AG Cuts Stock Holdings in Dorian LPG Ltd. $LPG

UBS Group AG trimmed its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 66.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,984 shares of the shipping company’s stock after selling 235,975 shares during the period. UBS Group AG owned about 0.27% of Dorian LPG worth $2,847,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its position in Dorian LPG by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock valued at $324,000 after buying an additional 390 shares during the period. CoreCap Advisors LLC boosted its position in Dorian LPG by 18.7% during the fourth quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock valued at $80,000 after buying an additional 514 shares during the period. Vident Advisory LLC boosted its position in Dorian LPG by 2.8% during the third quarter. Vident Advisory LLC now owns 20,918 shares of the shipping company’s stock valued at $623,000 after buying an additional 577 shares during the period. Amundi boosted its position in Dorian LPG by 7.6% during the third quarter. Amundi now owns 8,655 shares of the shipping company’s stock valued at $245,000 after buying an additional 614 shares during the period. Finally, Integrated Advisors Network LLC boosted its position in Dorian LPG by 9.1% during the third quarter. Integrated Advisors Network LLC now owns 9,771 shares of the shipping company’s stock valued at $291,000 after buying an additional 811 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Stock Performance

Dorian LPG stock opened at $46.49 on Tuesday. The company has a current ratio of 2.67, a quick ratio of 2.40 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average of $36.99 and a 200-day moving average of $31.48. The firm has a market cap of $1.99 billion, a P/E ratio of 10.22 and a beta of 0.63. Dorian LPG Ltd. has a 1-year low of $20.08 and a 1-year high of $48.12.

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

Dorian LPG Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Jefferies Financial Group upped their price target on shares of Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Friday. Pareto Securities restated a “buy” rating on shares of Dorian LPG in a research report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Dorian LPG in a research report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $55.00.

Dorian LPG Profile

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.