Dorian LPG Ltd (NYSE:LPG) has earned an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.00.
Several research firms have commented on LPG. Zacks Investment Research lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. ValuEngine raised shares of Dorian LPG from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Clarkson Capital raised shares of Dorian LPG from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th.
Dorian LPG (NYSE:LPG) opened at $7.32 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.63 and a current ratio of 0.65. The company has a market cap of $413.99, a price-to-earnings ratio of -27.11 and a beta of 1.05. Dorian LPG has a one year low of $6.20 and a one year high of $11.28.
In related news, Director Christina Tan bought 10,000 shares of the stock in a transaction dated Friday, December 8th. The stock was purchased at an average cost of $7.00 per share, with a total value of $70,000.00. Following the completion of the purchase, the director now owns 39,475 shares of the company’s stock, valued at $276,325. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Group Ltd Bw bought 726,460 shares of the stock in a transaction dated Monday, January 29th. The shares were bought at an average cost of $7.53 per share, with a total value of $5,470,243.80. The disclosure for this purchase can be found here. Insiders have bought 1,836,460 shares of company stock valued at $13,570,244 over the last three months. Insiders own 26.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Royce & Associates LP boosted its stake in shares of Dorian LPG by 54.1% during the fourth quarter. Royce & Associates LP now owns 2,059,329 shares of the shipping company’s stock valued at $16,928,000 after purchasing an additional 722,998 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Dorian LPG by 9.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,687,162 shares of the shipping company’s stock valued at $11,508,000 after purchasing an additional 149,524 shares during the period. BlackRock Inc. boosted its stake in shares of Dorian LPG by 32.5% during the fourth quarter. BlackRock Inc. now owns 1,186,405 shares of the shipping company’s stock valued at $9,754,000 after purchasing an additional 290,872 shares during the period. Private Management Group Inc. boosted its stake in shares of Dorian LPG by 3.8% during the fourth quarter. Private Management Group Inc. now owns 436,607 shares of the shipping company’s stock valued at $3,589,000 after purchasing an additional 15,922 shares during the period. Finally, State Street Corp boosted its stake in shares of Dorian LPG by 9.2% during the second quarter. State Street Corp now owns 370,511 shares of the shipping company’s stock valued at $3,030,000 after purchasing an additional 31,124 shares during the period. 50.62% of the stock is owned by hedge funds and other institutional investors.
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About Dorian LPG
Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers.
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