Dorian LPG (NYSE:LPG) CEO John Lycouris sold 6,000 shares of the stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $8.00, for a total transaction of $48,000.00. Following the completion of the sale, the chief executive officer now directly owns 216,065 shares in the company, valued at $1,728,520. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of NYSE:LPG traded up $0.07 during trading hours on Tuesday, reaching $8.03. The stock had a trading volume of 290,647 shares, compared to its average volume of 360,403. Dorian LPG has a 1 year low of $6.20 and a 1 year high of $9.76. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.62. The company has a market cap of $441.55, a PE ratio of -14.85 and a beta of 0.95.
Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Thursday, February 1st. The shipping company reported ($0.04) EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $36.59 million. During the same period in the prior year, the firm posted ($0.36) EPS. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. equities research analysts expect that Dorian LPG will post -0.55 EPS for the current year.
A number of brokerages have commented on LPG. Zacks Investment Research downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Clarkson Capital raised shares of Dorian LPG from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Dorian LPG currently has a consensus rating of “Hold” and a consensus price target of $9.17.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Phoenix Investment Adviser LLC purchased a new position in shares of Dorian LPG in the 4th quarter valued at $819,000. Robotti Robert grew its position in shares of Dorian LPG by 6.2% in the 4th quarter. Robotti Robert now owns 318,705 shares of the shipping company’s stock valued at $2,620,000 after buying an additional 18,705 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Dorian LPG in the 4th quarter valued at $105,000. Royce & Associates LP grew its position in shares of Dorian LPG by 54.1% in the 4th quarter. Royce & Associates LP now owns 2,059,329 shares of the shipping company’s stock valued at $16,928,000 after buying an additional 722,998 shares during the last quarter. Finally, Pinebridge Investments L.P. purchased a new position in shares of Dorian LPG in the 4th quarter valued at $282,000. 52.17% of the stock is currently owned by hedge funds and other institutional investors.
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Dorian LPG Company Profile
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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