Dorian LPG (NYSE:LPG) Shares Down 5.2%

Dorian LPG Ltd. (NYSE:LPGGet Rating)’s share price dropped 5.2% during trading on Wednesday . The stock traded as low as $13.58 and last traded at $13.80. Approximately 3,219 shares traded hands during trading, a decline of 99% from the average daily volume of 590,058 shares. The stock had previously closed at $14.55.

Wall Street Analysts Forecast Growth

LPG has been the topic of several research analyst reports. Clarkson Capital reaffirmed a “buy” rating on shares of Dorian LPG in a research note on Tuesday, June 14th. Jefferies Financial Group initiated coverage on Dorian LPG in a research note on Wednesday, July 20th. They set a “buy” rating and a $20.00 price objective on the stock.

Dorian LPG Stock Performance

The stock has a fifty day simple moving average of $15.33 and a 200-day simple moving average of $15.27. The stock has a market cap of $553.53 million, a P/E ratio of 6.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.18 and a current ratio of 3.21.

Dorian LPG (NYSE:LPGGet Rating) last released its earnings results on Wednesday, August 3rd. The shipping company reported $0.56 earnings per share (EPS) for the quarter. The firm had revenue of $76.82 million during the quarter. Dorian LPG had a return on equity of 7.85% and a net margin of 31.56%. On average, equities analysts expect that Dorian LPG Ltd. will post 0.89 earnings per share for the current year.

Dorian LPG Cuts Dividend

The company also recently announced a Variable dividend, which was paid on Friday, September 2nd. Shareholders of record on Monday, August 15th were issued a dividend of $1.00 per share. The ex-dividend date was Friday, August 12th. Dorian LPG’s dividend payout ratio (DPR) is presently 199.12%.

Insiders Place Their Bets

In other Dorian LPG news, Director Thomas Jason Coleman sold 35,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $16.45, for a total transaction of $575,750.00. Following the completion of the transaction, the director now owns 2,525,000 shares in the company, valued at approximately $41,536,250. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Thomas Jason Coleman sold 35,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $16.45, for a total value of $575,750.00. Following the completion of the transaction, the director now owns 2,525,000 shares in the company, valued at approximately $41,536,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alexander C. Hadjipateras sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $14.44, for a total value of $72,200.00. Following the completion of the transaction, the executive vice president now owns 58,850 shares of the company’s stock, valued at approximately $849,794. The disclosure for this sale can be found here. In the last 90 days, insiders sold 255,000 shares of company stock worth $4,010,150. Corporate insiders own 28.60% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

Several hedge funds have recently modified their holdings of LPG. Captrust Financial Advisors grew its holdings in shares of Dorian LPG by 134.6% in the 1st quarter. Captrust Financial Advisors now owns 1,715 shares of the shipping company’s stock valued at $25,000 after acquiring an additional 984 shares in the last quarter. KBC Group NV acquired a new stake in Dorian LPG in the 2nd quarter valued at about $37,000. Professional Financial Advisors LLC acquired a new stake in Dorian LPG in the 2nd quarter valued at about $38,000. Dorsey Wright & Associates acquired a new stake in Dorian LPG in the 2nd quarter valued at about $43,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in Dorian LPG in the 2nd quarter valued at about $49,000. Institutional investors own 85.17% of the company’s stock.

About Dorian LPG

(Get Rating)

Dorian LPG Ltd. is a holding company which engages in the transportation of liquefied petroleum gas. It focus on managing gas carriers and developing customer services. The firm also offers in-house commercial and technical management services to vessels in their fleet and vessels deployed in the Helios Pool.

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