John C. Hadjipateras Purchases 12,500 Shares of Dorian LPG Ltd. (NYSE:LPG) Stock

Dorian LPG Ltd. (NYSE:LPG) CEO John C. Hadjipateras purchased 12,500 shares of the stock in a transaction on Tuesday, April 8th. The shares were purchased at an average price of $17.75 per share, with a total value of $221,875.00. Following the acquisition, the chief executive officer now directly owns 1,824,386 shares in the company, valued at $32,382,851.50. This represents a 0.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dorian LPG Stock Down 3.3 %

Shares of NYSE LPG traded down $0.62 during mid-day trading on Thursday, reaching $18.22. The company had a trading volume of 1,129,361 shares, compared to its average volume of 710,408. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $51.66. The stock has a market cap of $779.67 million, a P/E ratio of 4.63 and a beta of 0.67. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. The firm has a 50 day simple moving average of $21.73 and a two-hundred day simple moving average of $25.49.

Dorian LPG (NYSE:LPG) last posted its earnings results on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. During the same quarter in the previous year, the company earned $2.62 EPS. Sell-side analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG’s payout ratio is currently 25.45%.

Analyst Ratings Changes

A number of equities analysts recently commented on LPG shares. Pareto Securities upgraded shares of Dorian LPG to a “buy” rating in a research note on Tuesday, February 4th. Jefferies Financial Group reiterated a “buy” rating and issued a $35.00 price objective on shares of Dorian LPG in a report on Friday, January 31st.

Hedge Funds Weigh In On Dorian LPG

A number of hedge funds have recently modified their holdings of the business. Beacon Capital Management LLC boosted its stake in Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock worth $27,000 after purchasing an additional 428 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of Dorian LPG in the fourth quarter valued at about $37,000. Quarry LP grew its holdings in shares of Dorian LPG by 155.3% during the fourth quarter. Quarry LP now owns 2,035 shares of the shipping company’s stock worth $50,000 after buying an additional 1,238 shares during the last quarter. KBC Group NV increased its position in Dorian LPG by 84.6% in the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock valued at $51,000 after acquiring an additional 951 shares during the period. Finally, GAMMA Investing LLC raised its stake in Dorian LPG by 146.2% during the 4th quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock valued at $53,000 after acquiring an additional 1,303 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.