Dorian LPG (NYSE:LPG) Shares Down 9.7%

Dorian LPG Ltd. (NYSE:LPGGet Rating)’s stock price traded down 9.7% during trading on Friday . The stock traded as low as $13.30 and last traded at $13.30. 13,330 shares traded hands during trading, a decline of 98% from the average session volume of 586,032 shares. The stock had previously closed at $14.73.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Clarkson Capital reiterated a “buy” rating on shares of Dorian LPG in a research note on Tuesday, June 14th. Jefferies Financial Group assumed coverage on Dorian LPG in a research report on Wednesday, July 20th. They issued a “buy” rating and a $20.00 price target for the company.

Dorian LPG Trading Down 11.7 %

The company has a debt-to-equity ratio of 0.72, a current ratio of 3.21 and a quick ratio of 3.18. The firm’s fifty day moving average is $15.31 and its two-hundred day moving average is $15.32. The firm has a market capitalization of $524.69 million, a PE ratio of 5.88 and a beta of 1.06.

Dorian LPG (NYSE:LPGGet Rating) last announced its earnings results on Wednesday, August 3rd. The shipping company reported $0.56 earnings per share for the quarter. The firm had revenue of $76.82 million for the quarter. Dorian LPG had a return on equity of 7.85% and a net margin of 31.56%. On average, equities analysts predict that Dorian LPG Ltd. will post 0.89 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

The business also recently declared a Variable dividend, which was paid on Friday, September 2nd. Investors of record on Monday, August 15th were issued a $1.00 dividend. The ex-dividend date was Friday, August 12th. Dorian LPG’s dividend payout ratio (DPR) is currently 199.12%.

Insider Buying and Selling

In other news, Director Thomas Jason Coleman sold 75,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $16.00, for a total transaction of $1,200,000.00. Following the completion of the transaction, the director now directly owns 2,750,000 shares of the company’s stock, valued at approximately $44,000,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dorian LPG news, Director Thomas Jason Coleman sold 75,000 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $16.00, for a total transaction of $1,200,000.00. Following the completion of the transaction, the director now owns 2,750,000 shares in the company, valued at $44,000,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alexander C. Hadjipateras sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $14.44, for a total transaction of $72,200.00. Following the completion of the sale, the executive vice president now directly owns 58,850 shares in the company, valued at approximately $849,794. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 392,000 shares of company stock worth $6,047,510. Insiders own 28.60% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

A number of large investors have recently made changes to their positions in LPG. Mutual of America Capital Management LLC boosted its holdings in Dorian LPG by 16.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 4,651 shares of the shipping company’s stock valued at $71,000 after purchasing an additional 660 shares during the period. Captrust Financial Advisors boosted its stake in Dorian LPG by 134.6% during the first quarter. Captrust Financial Advisors now owns 1,715 shares of the shipping company’s stock valued at $25,000 after buying an additional 984 shares during the period. Public Sector Pension Investment Board grew its position in Dorian LPG by 1.8% during the fourth quarter. Public Sector Pension Investment Board now owns 56,410 shares of the shipping company’s stock worth $716,000 after buying an additional 990 shares in the last quarter. FMR LLC increased its stake in Dorian LPG by 16.0% in the 2nd quarter. FMR LLC now owns 8,301 shares of the shipping company’s stock worth $126,000 after acquiring an additional 1,143 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Dorian LPG by 1.5% in the 2nd quarter. Rhumbline Advisers now owns 80,756 shares of the shipping company’s stock valued at $1,227,000 after acquiring an additional 1,213 shares in the last quarter. 85.17% of the stock is owned by institutional investors.

About Dorian LPG

(Get Rating)

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. The company owns and operates very large gas carriers (VLGCs). As of May 27, 2022, its fleet consisted of twenty-two VLGCs. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.

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