Dorian LPG (NYSE:LPG) Shares Down 9.7%

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Jefferies Financial Group initiated coverage on Dorian LPG in a report on Wednesday, July 20th. They issued a “buy” rating and a $20.00 price objective on the stock. Clarkson Capital restated a “buy” rating on shares of Dorian LPG in a research note on Tuesday, June 14th.

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 company has a market capitalization of $524.69 million, a price-to-earnings ratio of 5.88 and a beta of 1.06. The business’s 50-day moving average price is $15.31 and its two-hundred day moving average price is $15.32.

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

Dorian LPG Cuts Dividend

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

Insiders Place Their Bets

In related news, Director Thomas Jason Coleman sold 52,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $15.03, for a total transaction of $781,560.00. Following the completion of the sale, the director now directly owns 2,100,000 shares in the company, valued at approximately $31,563,000. The sale was disclosed in a filing with the SEC, which is available through this link. In other Dorian LPG news, EVP Alexander C. Hadjipateras sold 5,000 shares of the firm’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 value of $72,200.00. Following the sale, the executive vice president now owns 58,850 shares in the company, valued at $849,794. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Jason Coleman sold 52,000 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $15.03, for a total transaction of $781,560.00. Following the transaction, the director now owns 2,100,000 shares of the company’s stock, valued at $31,563,000. The disclosure for this sale can be found here. Insiders sold 392,000 shares of company stock worth $6,047,510 over the last three months. Insiders own 28.60% of the company’s stock.

Institutional Investors Weigh In On Dorian LPG

Hedge funds have recently modified their holdings of the company. Captrust Financial Advisors increased its position in Dorian LPG by 134.6% in the 1st quarter. Captrust Financial Advisors now owns 1,715 shares of the shipping company’s stock valued at $25,000 after acquiring an additional 984 shares during the period. KBC Group NV bought a new stake in shares of Dorian LPG in the second quarter worth $37,000. Professional Financial Advisors LLC acquired a new stake in Dorian LPG in the second quarter valued at $38,000. Dorsey Wright & Associates bought a new position in Dorian LPG during the 2nd quarter worth $43,000. Finally, SeaCrest Wealth Management LLC acquired a new position in Dorian LPG during the 2nd quarter worth about $49,000. Institutional investors and hedge funds own 85.17% of the company’s stock.

Dorian LPG Company Profile

(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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