Dorian LPG Ltd. (NYSE:LPG - Get Free Report) CEO John C. Hadjipateras purchased 12,500 shares of the stock in a transaction on Tuesday, April 8th. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $221,875.00. Following the transaction, the chief executive officer now owns 1,824,386 shares of the company's stock, valued at approximately $32,382,851.50. The trade was a 0.69 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Dorian LPG Stock Performance
LPG opened at $18.22 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. The company has a market capitalization of $779.67 million, a PE ratio of 4.63 and a beta of 0.67. The business has a fifty day simple moving average of $21.62 and a 200 day simple moving average of $25.37. Dorian LPG Ltd. has a 1 year low of $16.66 and a 1 year high of $51.66.
Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same period in the prior year, the firm earned $2.62 EPS. Research analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current year.
Dorian LPG Cuts Dividend
The firm also recently announced a dividend, which was paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th were issued a dividend of $0.70 per share. The ex-dividend date was Wednesday, February 5th. Dorian LPG's dividend payout ratio is presently 25.45%.
Institutional Investors Weigh In On Dorian LPG
Several institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in Dorian LPG by 5.6% in the 1st quarter. Rhumbline Advisers now owns 131,761 shares of the shipping company's stock valued at $2,944,000 after acquiring an additional 7,001 shares in the last quarter. Abner Herrman & Brock LLC bought a new position in shares of Dorian LPG in the first quarter worth $235,000. GAMMA Investing LLC lifted its position in Dorian LPG by 3,259.2% during the first quarter. GAMMA Investing LLC now owns 73,700 shares of the shipping company's stock worth $1,646,000 after purchasing an additional 71,506 shares during the period. Heck Capital Advisors LLC acquired a new stake in Dorian LPG during the fourth quarter worth about $37,000. Finally, Mackenzie Financial Corp increased its holdings in Dorian LPG by 225.7% in the 4th quarter. Mackenzie Financial Corp now owns 75,931 shares of the shipping company's stock valued at $1,850,000 after buying an additional 52,618 shares during the period. 62.50% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently weighed in on LPG. Pareto Securities upgraded Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th. Jefferies Financial Group reaffirmed a "buy" rating and set a $35.00 target price on shares of Dorian LPG in a report on Friday, January 31st.
Read Our Latest Stock Report on Dorian LPG
About Dorian LPG
(
Get Free Report)
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
