Dorian LPG (NYSE:LPG) CEO John Lycouris sold 6,000 shares of the company’s stock in a transaction on Friday, April 13th. The shares were sold at an average price of $8.00, for a total value of $48,000.00. Following the completion of the transaction, the chief executive officer now directly owns 216,065 shares in the company, valued at $1,728,520. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
NYSE:LPG traded down $0.42 during mid-day trading on Tuesday, hitting $7.57. The company’s stock had a trading volume of 232,494 shares, compared to its average volume of 351,315. Dorian LPG has a 1 year low of $6.20 and a 1 year high of $9.35. 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 firm has a market cap of $446.51, a price-to-earnings ratio of -14.02 and a beta of 0.95.
Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, February 1st. The shipping company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.15. Dorian LPG had a negative net margin of 8.92% and a negative return on equity of 2.29%. The company had revenue of $44.55 million for the quarter, compared to analyst estimates of $36.59 million. During the same period in the prior year, the company earned ($0.36) earnings per share. The firm’s revenue was up 24.8% on a year-over-year basis. equities research analysts predict that Dorian LPG will post -0.55 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the company. Zacks Investment Research downgraded Dorian LPG from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Clarkson Capital raised Dorian LPG from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Three analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $9.17.
Hedge funds have recently bought and sold shares of the company. Phoenix Investment Adviser LLC purchased a new stake in shares of Dorian LPG during the 4th quarter worth about $819,000. Robotti Robert boosted its stake in shares of Dorian LPG by 6.2% during the 4th quarter. Robotti Robert now owns 318,705 shares of the shipping company’s stock worth $2,620,000 after acquiring an additional 18,705 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Dorian LPG during the 4th quarter worth about $105,000. Royce & Associates LP boosted its stake in shares of Dorian LPG by 54.1% during the 4th quarter. Royce & Associates LP now owns 2,059,329 shares of the shipping company’s stock worth $16,928,000 after acquiring an additional 722,998 shares in the last quarter. Finally, Pinebridge Investments L.P. purchased a new position in Dorian LPG in the 4th quarter valued at about $282,000. 52.24% of the stock is currently owned by institutional investors and hedge funds.
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About Dorian LPG
Dorian LPG Ltd. operates as a liquefied petroleum gas (LPG) shipping company worldwide. The company engages in the transportation of LPG. It primarily serves energy companies and commodity traders through its fleet of 22 very large gas carriers with an aggregate carrying capacity of approximately 1.8 million cubic meters.
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