Dorian LPG Ltd (NYSE:LPG) Director Christina Tan acquired 20,090 shares of the stock in a transaction dated Tuesday, December 4th. The stock was acquired at an average price of $6.94 per share, for a total transaction of $139,424.60. Following the purchase, the director now directly owns 65,993 shares in the company, valued at $457,991.42. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of NYSE:LPG traded down $0.09 during trading on Friday, hitting $6.58. The company’s stock had a trading volume of 86,718 shares, compared to its average volume of 99,323. Dorian LPG Ltd has a 12 month low of $6.56 and a 12 month high of $8.80. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $367.96 million, a PE ratio of -10.61 and a beta of 0.83.
Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Wednesday, October 31st. The shipping company reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.01. Dorian LPG had a negative net margin of 20.11% and a negative return on equity of 4.58%. The firm had revenue of $40.81 million for the quarter, compared to analysts’ expectations of $38.32 million. Analysts expect that Dorian LPG Ltd will post -0.71 earnings per share for the current fiscal year.
LPG has been the topic of several recent research reports. Zacks Investment Research cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th. ValuEngine upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd.
Several large investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Dorian LPG by 0.4% in the 3rd quarter. BlackRock Inc. now owns 1,755,254 shares of the shipping company’s stock worth $13,988,000 after purchasing an additional 6,691 shares during the period. Bank of New York Mellon Corp increased its holdings in Dorian LPG by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 102,979 shares of the shipping company’s stock worth $787,000 after acquiring an additional 7,278 shares in the last quarter. California Public Employees Retirement System increased its holdings in Dorian LPG by 8.1% in the 2nd quarter. California Public Employees Retirement System now owns 98,748 shares of the shipping company’s stock worth $754,000 after acquiring an additional 7,420 shares in the last quarter. Donald Smith & CO. Inc. purchased a new stake in Dorian LPG in the 2nd quarter worth approximately $132,000. Finally, FNY Investment Advisers LLC purchased a new stake in Dorian LPG in the 3rd quarter worth approximately $157,000. Hedge funds and other institutional investors own 56.21% of the company’s stock.
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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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