Dorian LPG Ltd. (NYSE:LPG) COO Sells $90,300.00 in Stock

Dorian LPG Ltd. (NYSE:LPG) COO Alexander C. Hadjipateras sold 2,500 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $36.12, for a total value of $90,300.00. Following the sale, the chief operating officer now directly owns 82,823 shares in the company, valued at $2,991,566.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Dorian LPG Price Performance

Shares of NYSE:LPG traded down $0.28 during midday trading on Friday, hitting $35.72. The company’s stock had a trading volume of 463,029 shares, compared to its average volume of 831,503. The company has a market cap of $1.45 billion, a P/E ratio of 4.70 and a beta of 0.97. The business’s 50 day simple moving average is $41.56 and its 200 day simple moving average is $40.38. Dorian LPG Ltd. has a 12-month low of $24.17 and a 12-month high of $51.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.60 and a current ratio of 4.60.

Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, August 1st. The shipping company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.23. The firm had revenue of $114.30 million for the quarter, compared to analyst estimates of $113.70 million. Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 earnings per share. On average, analysts forecast that Dorian LPG Ltd. will post 4.72 EPS for the current year.

Dorian LPG Dividend Announcement

The business also recently disclosed a None dividend, which will be paid on Wednesday, August 21st. Stockholders of record on Thursday, August 8th will be issued a dividend of $1.00 per share. The ex-dividend date is Thursday, August 8th. Dorian LPG’s payout ratio is currently 13.16%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Legacy Capital Group California Inc. acquired a new stake in Dorian LPG in the fourth quarter worth about $1,065,000. First Eagle Investment Management LLC grew its position in Dorian LPG by 23.2% in the first quarter. First Eagle Investment Management LLC now owns 266,875 shares of the shipping company’s stock worth $10,264,000 after buying an additional 50,200 shares during the last quarter. Harvest Investment Services LLC bought a new position in shares of Dorian LPG in the fourth quarter valued at $1,424,000. Vanguard Group Inc. grew its holdings in shares of Dorian LPG by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock worth $42,501,000 after acquiring an additional 180,246 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Dorian LPG by 844.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 224,958 shares of the shipping company’s stock worth $8,653,000 after purchasing an additional 201,134 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LPG shares. StockNews.com downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Jefferies Financial Group boosted their price target on Dorian LPG from $46.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Finally, DNB Markets upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, July 3rd.

About Dorian LPG

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.