Dorian LPG Ltd (NYSE:LPG) CFO Theodore B. Young sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of $15.33, for a total value of $45,990.00. Following the sale, the chief financial officer now directly owns 120,691 shares in the company, valued at approximately $1,850,193.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
LPG stock opened at $15.01 on Thursday. The stock has a 50-day moving average price of $14.88 and a two-hundred day moving average price of $11.77. The stock has a market cap of $844.05 million, a PE ratio of 20.34 and a beta of 1.27. The company has a current ratio of 1.52, a quick ratio of 1.49 and a debt-to-equity ratio of 0.63. Dorian LPG Ltd has a 1 year low of $5.26 and a 1 year high of $16.68.
Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, October 31st. The shipping company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.16. The firm had revenue of $91.63 million during the quarter. Dorian LPG had a return on equity of 4.52% and a net margin of 10.16%.
Several analysts recently commented on the company. Evercore ISI assumed coverage on Dorian LPG in a research note on Thursday, December 19th. They set an “outperform” rating and a $19.00 price objective on the stock. ValuEngine cut Dorian LPG from a “sell” rating to a “strong sell” rating in a report on Wednesday. Zacks Investment Research upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Friday, October 4th. Finally, DNB Markets upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $16.30 target price for the company in a report on Monday, October 14th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $15.58.
A number of hedge funds have recently added to or reduced their stakes in LPG. Winslow Evans & Crocker Inc. bought a new position in Dorian LPG during the 4th quarter worth about $48,000. Founders Capital Management grew its holdings in shares of Dorian LPG by 100.0% in the 3rd quarter. Founders Capital Management now owns 6,000 shares of the shipping company’s stock valued at $58,000 after acquiring an additional 3,000 shares in the last quarter. Convergence Investment Partners LLC bought a new position in shares of Dorian LPG in the 3rd quarter valued at about $80,000. Meeder Asset Management Inc. bought a new position in shares of Dorian LPG in the 3rd quarter valued at about $110,000. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Dorian LPG in the 2nd quarter valued at about $166,000. Hedge funds and other institutional investors own 65.74% of the company’s stock.
Dorian LPG Company Profile
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.
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