Dorian LPG (NYSE:LPG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dorian LPG (NYSE:LPG) from a sell rating to a hold rating in a report published on Sunday morning.

Separately, Pareto Securities raised shares of Dorian LPG to a “buy” rating in a report on Tuesday, February 4th.

Dorian LPG Stock Up 2.1%

Shares of LPG opened at $21.77 on Friday. The company’s 50-day simple moving average is $21.23 and its 200-day simple moving average is $22.76. The stock has a market capitalization of $931.67 million, a PE ratio of 5.54 and a beta of 0.71. Dorian LPG has a 1 year low of $16.66 and a 1 year high of $50.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97.

Dorian LPG (NYSE:LPG) last issued its earnings results on Thursday, May 22nd. The shipping company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.08. The firm had revenue of $75.89 million for the quarter, compared to analysts’ expectations of $79.04 million. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. The firm’s revenue was down 46.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 earnings per share. Analysts forecast that Dorian LPG will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a $0.50 dividend. The ex-dividend date was Friday, May 16th. This represents a yield of 13.5%. Dorian LPG’s dividend payout ratio is currently 46.30%.

Insider Buying and Selling at Dorian LPG

In other Dorian LPG news, CEO John C. Hadjipateras bought 12,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 1,824,386 shares in the company, valued at approximately $32,382,851.50. The trade was a 0.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 13.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dorian LPG

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of Dorian LPG during the fourth quarter worth approximately $698,000. Barclays PLC grew its position in shares of Dorian LPG by 392.6% during the third quarter. Barclays PLC now owns 62,935 shares of the shipping company’s stock worth $2,167,000 after acquiring an additional 50,160 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Dorian LPG by 10.3% during the fourth quarter. Victory Capital Management Inc. now owns 180,701 shares of the shipping company’s stock worth $4,404,000 after acquiring an additional 16,947 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in shares of Dorian LPG during the fourth quarter worth approximately $273,000. Finally, Principal Financial Group Inc. grew its position in shares of Dorian LPG by 4.7% during the fourth quarter. Principal Financial Group Inc. now owns 208,027 shares of the shipping company’s stock worth $5,070,000 after acquiring an additional 9,285 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

About Dorian LPG

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.