Alexander Hadjipateras Sells 5,000 Shares of Dorian LPG (NYSE:LPG) Stock

Dorian LPG Ltd. (NYSE:LPG) COO Alexander Hadjipateras sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $54.13, for a total value of $270,650.00. Following the transaction, the chief operating officer directly owned 95,836 shares in the company, valued at approximately $5,187,602.68. This trade represents a 4.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dorian LPG Stock Up 1.4%

LPG opened at $55.19 on Friday. Dorian LPG Ltd. has a 1-year low of $23.76 and a 1-year high of $55.49. The stock’s fifty day simple moving average is $46.59 and its 200 day simple moving average is $40.83. The company has a current ratio of 3.26, a quick ratio of 3.24 and a debt-to-equity ratio of 0.28. The stock has a market cap of $2.36 billion, a PE ratio of 7.31 and a beta of 0.61.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Tuesday, August 4th. The shipping company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.40. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The firm had revenue of $187.88 million during the quarter, compared to analysts’ expectations of $160.78 million. During the same period in the previous year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up 123.1% compared to the same quarter last year.

Dorian LPG Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, August 12th. Investors of record on Monday, July 27th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, July 27th.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LPG shares. Jefferies Financial Group increased their price target on shares of Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Pareto Securities restated a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Wall Street Zen raised Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Freedom Capital raised Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $55.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in Dorian LPG during the second quarter worth $37,000. KBC Group NV bought a new position in shares of Dorian LPG in the 1st quarter valued at $38,000. Allworth Financial LP raised its holdings in shares of Dorian LPG by 65.9% during the 2nd quarter. Allworth Financial LP now owns 1,206 shares of the shipping company’s stock worth $42,000 after buying an additional 479 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Dorian LPG during the 3rd quarter worth $41,000. Finally, NewEdge Advisors LLC lifted its position in shares of Dorian LPG by 1,003.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after buying an additional 1,315 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

About Dorian LPG

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates very large gas carriers (VLGCs). The company primarily transports liquefied petroleum gas (LPG), including propane and butane, for energy producers, commodity traders and other customers in international markets.

Dorian LPG’s fleet is designed for the ocean transportation of LPG between major exporting and importing regions. Its vessels support global trade routes linking LPG-producing areas, including the United States and the Middle East, with demand centers in Asia, Europe and other regions.