Dorian LPG Ltd (NYSE: LPG – Get a rating) Chief Financial Officer Theodore B. Young sold 10,000 shares in a trade that took place on Friday, June 3. The shares were sold at an average price of $18.00, for a total transaction of $180,000.00. Following the transaction, the CFO now owns 100,576 shares of the company, valued at $1,810,368. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.
LPG traded at $0.06 during Monday’s trading, hitting $18.13. The stock recorded a trading volume of 767,644 shares, compared to an average volume of 588,019. The company has a market capitalization of $727.72 million, a PE ratio of 10.15 and a beta of 1.06. . Dorian LPG Ltd. has a 12-month low of $10.77 and a 12-month high of $18.50. The company has a debt ratio of 0.64, a quick ratio of 3.22 and a current ratio of 3.25. The stock has a 50-day simple moving average of $15.77 and a 200-day simple moving average of $13.96.
Dorian LPG (NYSE: LPG – Get a rating) last announced its results on Thursday, May 26. The shipping company reported earnings per share of $0.62 for the quarter, missing the consensus estimate of $0.68 per ($0.06). Dorian LPG posted a net margin of 26.23% and a return on equity of 5.81%.
The company also recently announced a variable dividend, which was paid on Thursday, June 2. Shareholders of record on Monday, May 16 received a dividend of $2.50. The ex-dividend date was Friday, May 13. Dorian LPG’s dividend payout ratio (DPR) is 252.81%.
Institutional investors and hedge funds have recently changed their positions in the company. Exchange Traded Concepts LLC increased its holdings of Dorian LPG shares by 1.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 52,183 shares of the shipping company worth $662,000 after buying 873 additional shares in the last quarter. Captrust Financial Advisors increased its holdings of Dorian LPG shares by 134.6% in the first quarter. Captrust Financial Advisors now owns 1,715 shares of the shipping company worth $25,000 after buying 984 additional shares in the last quarter. The Public Sector Pensions Investment Board increased its holdings of Dorian LPG shares by 1.8% during the fourth quarter. The Public Sector Pension Investment Board now owns 56,410 shares of the shipping company worth $716,000 after buying 990 more shares in the last quarter. Credit Suisse AG increased its holdings of Dorian LPG shares by 11.2% during the fourth quarter. Credit Suisse AG now owns 19,830 shares of the shipping company worth $251,000 after buying 1,997 additional shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Dorian LPG shares by 4.1% during the third quarter. Voya Investment Management LLC now owns 51,369 shares of the shipping company worth $638,000 after buying 2,031 additional shares in the last quarter. Institutional investors hold 82.52% of the company’s shares.
Separately, StockNews.com purported coverage of Dorian LPG stock in a Thursday, March 31, research note. They have placed a “holding” rating on the stock.
Dorian LPG Company Profile (Get a rating)
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG carriers worldwide. The Company owns and operates Very Large Gas Carriers (VLGCs). As of May 19, 2021, its fleet consisted of twenty-three VLGCs. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.
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