Dorian LPG Ltd. (NYSE:LPG) COO Alexander C. Hadjipateras Sells 2,500 Shares

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

Dorian LPG Trading Down 0.8 %

Dorian LPG stock traded down $0.28 during trading on Friday, reaching $35.72. 463,029 shares of the company were exchanged, compared to its average volume of 831,503. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.60 and a quick ratio of 3.60. The stock’s 50 day simple moving average is $41.56 and its two-hundred day simple moving average is $40.38. Dorian LPG Ltd. has a 52-week low of $24.17 and a 52-week high of $51.66. The company has a market capitalization of $1.45 billion, a P/E ratio of 4.70 and a beta of 0.97.

Dorian LPG (NYSE:LPG) last issued its 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 net margin of 54.48% and a return on equity of 30.64%. The firm had revenue of $114.30 million for the quarter, compared to analysts’ expectations of $113.70 million. During the same quarter last year, the company earned $1.21 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts expect that Dorian LPG Ltd. will post 4.72 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The business also recently announced a None dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Thursday, August 8th will be paid a $1.00 dividend. The ex-dividend date is Thursday, August 8th. Dorian LPG’s dividend payout ratio (DPR) is currently 13.16%.

Hedge Funds Weigh In On Dorian LPG

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Dorian LPG by 13.9% during the third quarter. Vanguard Group Inc. now owns 1,479,325 shares of the shipping company’s stock worth $42,501,000 after purchasing an additional 180,246 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Dorian LPG by 336.8% in the fourth quarter. Raymond James & Associates now owns 31,667 shares of the shipping company’s stock valued at $1,389,000 after purchasing an additional 24,418 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Dorian LPG during the 4th quarter worth approximately $243,000. Fifth Third Bancorp lifted its stake in Dorian LPG by 317.7% in the 4th quarter. Fifth Third Bancorp now owns 685 shares of the shipping company’s stock valued at $30,000 after buying an additional 521 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Dorian LPG during the 4th quarter valued at $1,886,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LPG. DNB Markets upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Wednesday, July 3rd. StockNews.com lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group lifted 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.

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.