The director of Dorian LPG Ltd. (NYSE: LPG) sells $1,920,426.40 worth of stock

Dorian LPG Ltd. (NYSE:LPG- Get a rating) Director Thomas Jason Coleman sold 112,240 shares in a trade that took place on Tuesday, May 31. The shares were sold at an average price of $17.11, for a total transaction of $1,920,426.40. Following the sale, the director now directly owns 3,000,000 shares of the company, valued at $51,330,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink.

Thomas Jason Coleman also recently made the following trade(s):

  • On Friday April 8, Thomas Jason Coleman sold 100,000 shares of Dorian LPG. The shares were sold at an average price of $15.40, for a total transaction of $1,540,000.00.
  • On Wednesday, April 6, Thomas Jason Coleman sold 100,000 shares of Dorian LPG. The stock was sold at an average price of $15.02, for a total transaction of $1,502,000.00.
  • On Monday April 4, Thomas Jason Coleman sold 18,000 shares of Dorian LPG. The shares were sold at an average price of $14.85, for a total transaction of $267,300.00.
  • On Monday, March 28, Thomas Jason Coleman sold 24,000 shares of Dorian LPG. The shares were sold at an average price of $14.76, for a total transaction of $354,240.00.
  • On Friday March 25, Thomas Jason Coleman sold 100,000 shares of Dorian LPG. The shares were sold at an average price of $14.90, for a total transaction of $1,490,000.00.
  • On Wednesday, March 23, Thomas Jason Coleman sold 30,000 shares of Dorian LPG. The shares were sold at an average price of $13.66, for a total transaction of $409,800.00.
  • On Monday, March 21, Thomas Jason Coleman sold 79,200 shares of Dorian LPG. The shares were sold at an average price of $13.87, for a total transaction of $1,098,504.00.
  • On Friday March 11, Thomas Jason Coleman sold 15,000 shares of Dorian LPG. The shares were sold at an average price of $13.99, for a total transaction of $209,850.00.
  • On Monday, March 7, Thomas Jason Coleman sold 60,000 shares of Dorian LPG. The shares were sold at an average price of $14.61, for a total transaction of $876,600.00.

Shares of NYSE LPG traded down $0.41 during Thursday’s midday session, hitting $17.68. The company had a trading volume of 737,700 shares, compared to an average volume of 584,965. 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 market capitalization of $709.66 million, a PE ratio of 9.93 and a beta of 1.06. The stock’s 50-day moving average is $15.63 and its 200-day moving average is $13.88.

Dorian LPG (NYSE: LPG – Get a rating) last released its quarterly results on Thursday, May 26. The shipping company reported earnings per share of $0.62 for the quarter, missing analyst consensus estimates of $0.68 per ($0.06). Dorian LPG achieved a return on equity of 5.81% and a net margin of 26.23%.

The company also recently announced a variable dividend, which will be paid on Thursday, June 2. Investors of record on Monday, May 16 will receive a dividend of $2.50. The ex-dividend date is Friday, May 13. Dorian LPG’s payout ratio is currently 252.81%.

Separately, StockNews.com purported coverage of Dorian LPG stock in a Thursday, March 31, research note. They issued a “hold” rating on the stock.

A number of large investors have recently changed their holdings of LPG. Morgan Stanley increased its stake in Dorian LPG by 33.8% in the second quarter. Morgan Stanley now owns 330,301 shares of the shipping company worth $4,664,000 after buying an additional 83,463 shares last quarter. BlackRock Inc. increased its stake in Dorian LPG by 0.4% in the third quarter. BlackRock Inc. now owns 4,605,443 shares of the shipping company worth $57,154,000 after buying an additional 16,546 shares last quarter. Barclays PLC increased its stake in Dorian LPG by 28.8% in the third quarter. Barclays PLC now owns 51,000 shares in the shipping company worth $634,000 after buying an additional 11,400 shares last quarter. Citigroup Inc. increased its stake in Dorian LPG by 270.8% in the third quarter. Citigroup Inc. now owns 57,852 shares of the shipping company worth $718,000 after buying an additional 42,250 shares last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Dorian LPG by 410.5% in the third quarter. Goldman Sachs Group Inc. now owns 622,279 shares of the shipping company worth $7,722,000 after buying an additional 500,378 shares last quarter. Hedge funds and other institutional investors hold 82.52% of the company’s shares.

About Dorian LPG (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.

Further reading

Insider buying and selling by quarter for Dorian LPG (NYSE:LPG)

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