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

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

Dorian LPG Price Performance

LPG stock opened at $55.19 on Friday. The firm has a market cap of $2.36 billion, a P/E ratio of 7.31 and a beta of 0.61. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.24 and a current ratio of 3.26. Dorian LPG Ltd. has a 1 year low of $23.76 and a 1 year high of $55.49. The stock has a 50-day simple moving average of $46.59 and a 200-day simple moving average of $40.83.

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

Dorian LPG Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, July 27th were paid a dividend of $1.00 per share. The ex-dividend date was Monday, July 27th.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Freedom Capital upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Jefferies Financial Group boosted their price objective on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $55.00.

Institutional Investors Weigh In On Dorian LPG

Several hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC raised its position in shares of Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,315 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Dorian LPG during the second quarter worth approximately $37,000. KBC Group NV acquired a new stake in shares of Dorian LPG during the first quarter worth approximately $38,000. EverSource Wealth Advisors LLC grew its position in shares of Dorian LPG by 429.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after buying an additional 1,340 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of Dorian LPG in the third quarter worth $41,000. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Company Profile

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.