Dorian LPG Ltd. (NYSE:LPG) insider John C. Hadjipateras sold 250,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $7.55, for a total transaction of $1,887,500.00. Following the completion of the sale, the insider now directly owns 2,037,020 shares in the company, valued at approximately $15,379,501. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Dorian LPG Ltd. (NYSE LPG) traded up 1.50% during trading on Monday, hitting $8.14. 59,768 shares of the stock were exchanged. The firm has a 50 day moving average price of $7.91 and a 200 day moving average price of $9.32. Dorian LPG Ltd. has a 52 week low of $5.07 and a 52 week high of $12.50. The firm’s market capitalization is $438.41 million.
Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Wednesday, June 14th. The shipping company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.14. The firm had revenue of $47.60 million during the quarter, compared to analyst estimates of $38.08 million. Dorian LPG had a negative return on equity of 2.98% and a negative net margin of 0.86%. Dorian LPG’s quarterly revenue was down 44.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. Analysts forecast that Dorian LPG Ltd. will post ($0.27) EPS for the current fiscal year.
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Several analysts have weighed in on LPG shares. Zacks Investment Research raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, April 4th. Pareto Securities raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Monday, June 12th. UBS AG set a $8.00 target price on shares of Dorian LPG and gave the stock a “buy” rating in a research report on Saturday, June 17th. Finally, ValuEngine upgraded shares of Dorian LPG from a “sell” rating to a “hold” rating in a research report on Saturday.
Large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC increased its stake in Dorian LPG by 32.8% in the first quarter. Citadel Advisors LLC now owns 17,041 shares of the shipping company’s stock worth $179,000 after buying an additional 4,208 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Dorian LPG by 29.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,331,436 shares of the shipping company’s stock worth $14,020,000 after buying an additional 299,021 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Dorian LPG during the first quarter worth about $173,000. American International Group Inc. increased its position in shares of Dorian LPG by 7.1% in the first quarter. American International Group Inc. now owns 14,921 shares of the shipping company’s stock worth $157,000 after buying an additional 987 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Dorian LPG by 37.0% in the first quarter. Prudential Financial Inc. now owns 199,400 shares of the shipping company’s stock worth $2,099,000 after buying an additional 53,800 shares during the period. Institutional investors and hedge funds own 47.58% of the company’s stock.
Dorian LPG Company Profile
Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers.
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