Dorian LPG Ltd. (NYSE:LPG) CEO John C. Hadjipateras bought 20,000 shares of the business’s stock in a transaction on Friday, January 13th. The stock was bought at an average price of $9.38 per share, with a total value of $187,600.00. Following the purchase, the chief executive officer now owns 2,279,744 shares in the company, valued at $21,383,998.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Dorian LPG Ltd. (NYSE:LPG) traded up 10.53% on Wednesday, reaching $10.50. The company’s stock had a trading volume of 337,667 shares. The company has a market capitalization of $565.51 million, a price-to-earnings ratio of 8.76 and a beta of 1.35. The company’s 50-day moving average is $8.60 and its 200 day moving average is $6.86. Dorian LPG Ltd. has a 12-month low of $5.07 and a 12-month high of $12.35.
Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Friday, October 28th. The company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.12. Dorian LPG had a return on equity of 7.43% and a net margin of 25.27%. The business earned $33.60 million during the quarter, compared to analysts’ expectations of $37.38 million. During the same quarter in the prior year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was down 55.2% compared to the same quarter last year. Equities analysts anticipate that Dorian LPG Ltd. will post ($0.39) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of LPG. Connor Clark & Lunn Investment Management Ltd. boosted its position in Dorian LPG by 11.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,000 shares of the company’s stock valued at $264,000 after buying an additional 4,600 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in Dorian LPG during the third quarter valued at $122,000. Howard Hughes Medical Institute boosted its position in Dorian LPG by 6.7% in the third quarter. Howard Hughes Medical Institute now owns 57,698 shares of the company’s stock valued at $346,000 after buying an additional 3,641 shares in the last quarter. Northern Trust Corp boosted its position in Dorian LPG by 35.9% in the third quarter. Northern Trust Corp now owns 405,169 shares of the company’s stock valued at $2,431,000 after buying an additional 107,063 shares in the last quarter. Finally, Robotti Robert boosted its position in Dorian LPG by 0.4% in the third quarter. Robotti Robert now owns 326,582 shares of the company’s stock valued at $1,960,000 after buying an additional 1,181 shares in the last quarter. Hedge funds and other institutional investors own 47.10% of the company’s stock.
Separately, Zacks Investment Research upgraded Dorian LPG from a “sell” rating to a “hold” rating in a research note on Saturday, October 29th.
Dorian LPG Company Profile
Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers.