Dorian LPG Ltd (NYSE:LPG) CFO Theodore B. Young sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $9.36, for a total value of $42,120.00. Following the sale, the chief financial officer now owns 122,253 shares of the company’s stock, valued at approximately $1,144,288.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Dorian LPG stock opened at $9.60 on Friday. Dorian LPG Ltd has a 12 month low of $5.26 and a 12 month high of $10.06. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.01. The business’s 50 day moving average is $8.39. The stock has a market capitalization of $534.58 million, a PE ratio of -12.15 and a beta of 1.20.
Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, May 23rd. The shipping company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.07). Dorian LPG had a negative return on equity of 4.65% and a negative net margin of 32.24%. The company had revenue of $34.47 million for the quarter, compared to analysts’ expectations of $37.43 million. Sell-side analysts expect that Dorian LPG Ltd will post -0.13 EPS for the current fiscal year.
LPG has been the subject of several analyst reports. DNB Markets cut Dorian LPG from a “buy” rating to a “hold” rating in a research note on Friday, June 21st. ValuEngine upgraded United Overseas Bank from a “sell” rating to a “hold” rating in a research note on Monday, June 17th. Finally, Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.
Several institutional investors have recently added to or reduced their stakes in LPG. Dimensional Fund Advisors LP raised its stake in shares of Dorian LPG by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,177,510 shares of the shipping company’s stock worth $18,525,000 after purchasing an additional 164,524 shares during the last quarter. RBF Capital LLC purchased a new stake in shares of Dorian LPG during the fourth quarter worth approximately $544,000. Private Management Group Inc. raised its stake in shares of Dorian LPG by 11.5% during the first quarter. Private Management Group Inc. now owns 620,176 shares of the shipping company’s stock worth $3,982,000 after purchasing an additional 63,994 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Dorian LPG by 165.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 73,835 shares of the shipping company’s stock worth $430,000 after purchasing an additional 46,006 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in Dorian LPG by 105.3% in the first quarter. Acadian Asset Management LLC now owns 81,910 shares of the shipping company’s stock worth $526,000 after acquiring an additional 42,012 shares in the last quarter. Institutional investors and hedge funds own 53.99% of the company’s stock.
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 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.
Read More: Diluted Earnings Per Share
Receive News & Ratings for Dorian LPG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorian LPG and related companies with MarketBeat.com's FREE daily email newsletter.