Dorian LPG Ltd (NYSE:LPG) CFO Theodore B. Young sold 4,500 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $9.36, for a total transaction of $42,120.00. Following the sale, the chief financial officer now owns 122,253 shares in the company, valued at $1,144,288.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
LPG stock opened at $9.60 on Friday. The stock’s 50 day moving average price is $8.39. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.01. Dorian LPG Ltd has a fifty-two week low of $5.26 and a fifty-two week high of $10.06. The stock has a market capitalization of $534.58 million, a price-to-earnings ratio of -12.15 and a beta of 1.20.
Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, May 23rd. The shipping company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.07). Dorian LPG had a negative return on equity of 4.65% and a negative net margin of 32.24%. The firm had revenue of $34.47 million for the quarter, compared to analysts’ expectations of $37.43 million. As a group, sell-side analysts forecast that Dorian LPG Ltd will post -0.13 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its stake in shares of Dorian LPG by 97.1% during the first quarter. BNP Paribas Arbitrage SA now owns 6,103 shares of the shipping company’s stock worth $39,000 after buying an additional 3,007 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Dorian LPG during the first quarter worth approximately $95,000. Bank of America Corp DE increased its stake in shares of Dorian LPG by 56.1% during the fourth quarter. Bank of America Corp DE now owns 19,717 shares of the shipping company’s stock worth $115,000 after buying an additional 7,082 shares during the period. Citigroup Inc. increased its stake in shares of Dorian LPG by 131.5% during the fourth quarter. Citigroup Inc. now owns 22,702 shares of the shipping company’s stock worth $132,000 after buying an additional 12,897 shares during the period. Finally, Perennial Advisors LLC increased its stake in shares of Dorian LPG by 1,092.1% during the first quarter. Perennial Advisors LLC now owns 23,341 shares of the shipping company’s stock worth $150,000 after buying an additional 21,383 shares during the period. Hedge funds and other institutional investors own 53.99% of the company’s stock.
A number of analysts recently weighed in on LPG shares. DNB Markets lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Friday, June 21st. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, ValuEngine upgraded shares of United Overseas Bank from a “sell” rating to a “hold” rating in a research note on Monday, June 17th.
About Dorian LPG
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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