Shares of Dorian LPG Ltd (NYSE:LPG) saw unusually-strong trading volume on Tuesday . Approximately 9,706,000 shares changed hands during mid-day trading, an increase of 404% from the previous session’s volume of 1,926,345 shares.The stock last traded at $15.46 and had previously closed at $15.45.
Several research analysts recently issued reports on LPG shares. ValuEngine raised shares of Dorian LPG from a “strong sell” rating to a “sell” rating in a research report on Friday, December 20th. Zacks Investment Research raised Dorian LPG from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Friday, October 4th. Evercore ISI assumed coverage on Dorian LPG in a research note on Thursday, December 19th. They issued an “outperform” rating and a $19.00 price objective on the stock. Finally, DNB Markets raised Dorian LPG from a “hold” rating to a “buy” rating and set a $16.30 target price for the company in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $15.58.
The company has a market capitalization of $843.57 million, a P/E ratio of 20.18 and a beta of 1.27. The stock has a fifty day simple moving average of $14.87 and a 200-day simple moving average of $11.74. The company has a quick ratio of 1.49, a current ratio of 1.52 and a debt-to-equity ratio of 0.63.
In related news, CFO Theodore B. Young sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $15.33, for a total transaction of $45,990.00. Following the completion of the sale, the chief financial officer now directly owns 120,691 shares of the company’s stock, valued at approximately $1,850,193.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alexander C. Hadjipateras sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $14.61, for a total value of $146,100.00. Following the sale, the executive vice president now directly owns 67,480 shares of the company’s stock, valued at $985,882.80. The disclosure for this sale can be found here. Company insiders own 26.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Winslow Evans & Crocker Inc. bought a new stake in shares of Dorian LPG during the fourth quarter worth $48,000. Founders Capital Management lifted its position in Dorian LPG by 100.0% during the 3rd quarter. Founders Capital Management now owns 6,000 shares of the shipping company’s stock worth $58,000 after buying an additional 3,000 shares in the last quarter. Convergence Investment Partners LLC acquired a new position in Dorian LPG during the 3rd quarter worth about $80,000. Meeder Asset Management Inc. bought a new stake in Dorian LPG during the 3rd quarter worth about $110,000. Finally, UBS Asset Management Americas Inc. bought a new stake in Dorian LPG during the 2nd quarter worth about $166,000. 65.74% of the stock is currently owned by institutional investors.
About Dorian LPG (NYSE: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 very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.
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