Thomas Jason Coleman Sells 57,000 Shares of Dorian LPG Ltd. (NYSE:LPG) Stock

Posted by MarketBeat News on Mar 15th, 2023

Dorian LPG Ltd. (NYSE:LPG – Get Rating) Director Thomas Jason Coleman sold 57,000 shares of Dorian LPG stock in a transaction on Friday, March 10th. The shares were sold at an average price of $21.51, for a total value of $1,226,070.00. Following the completion of the sale, the director now directly owns 665,000 shares of the company’s stock, valued at $14,304,150. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

On Wednesday, March 8th, Thomas Jason Coleman sold 60,000 shares of Dorian LPG stock. The shares were sold at an average price of $22.37, for a total value of $1,342,200.00.
On Monday, March 6th, Thomas Jason Coleman sold 50,000 shares of Dorian LPG stock. The stock was sold at an average price of $22.07, for a total value of $1,103,500.00.
On Friday, February 24th, Thomas Jason Coleman sold 50,000 shares of Dorian LPG stock. The stock was sold at an average price of $21.94, for a total value of $1,097,000.00.
On Friday, February 17th, Thomas Jason Coleman sold 70,000 shares of Dorian LPG stock. The stock was sold at an average price of $21.79, for a total value of $1,525,300.00.
On Tuesday, February 14th, Thomas Jason Coleman sold 160,000 shares of Dorian LPG stock. The stock was sold at an average price of $22.03, for a total value of $3,524,800.00.

Dorian LPG Price Performance

Shares of LPG opened at $21.53 on Wednesday. The stock has a 50 day simple moving average of $20.32 and a 200 day simple moving average of $18.14. Dorian LPG Ltd. has a 52-week low of $12.75 and a 52-week high of $23.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.69 and a current ratio of 2.72. The firm has a market capitalization of $868.74 million, a PE ratio of 6.56 and a beta of 1.15.

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Dorian LPG (NYSE:LPG – Get Rating) last posted its earnings results on Wednesday, February 1st. The shipping company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.11). Dorian LPG had a return on equity of 13.57% and a net margin of 39.26%. The business had revenue of $103.32 million for the quarter, compared to the consensus estimate of $102.90 million. Sell-side analysts predict that Dorian LPG Ltd. will post 3.65 EPS for the current fiscal year.

Dorian LPG Dividend Announcement

The firm also recently announced a Variable dividend, which was paid on Tuesday, February 28th. Investors of record on Wednesday, February 15th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, February 14th. Dorian LPG’s payout ratio is 167.68%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LPG. UBS Group cut Dorian LPG from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Thursday, January 5th. StockNews.com raised Dorian LPG from a “hold” rating to a “buy” rating in a research note on Friday, February 3rd. Finally, Jefferies Financial Group lifted their price objective on Dorian LPG from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, December 13th.

Institutional Trading of Dorian LPG

A number of large investors have recently bought and sold shares of LPG. BlackRock Inc. increased its stake in Dorian LPG by 8.2% during the 3rd quarter. BlackRock Inc. now owns 5,263,675 shares of the shipping company’s stock worth $71,427,000 after purchasing an additional 400,804 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Dorian LPG by 549.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 319,025 shares of the shipping company’s stock worth $4,849,000 after acquiring an additional 269,906 shares in the last quarter. Balyasny Asset Management LLC bought a new position in shares of Dorian LPG during the 3rd quarter worth approximately $3,435,000. JPMorgan Chase & Co. grew its stake in shares of Dorian LPG by 32.6% during the 1st quarter. JPMorgan Chase & Co. now owns 799,380 shares of the shipping company’s stock worth $11,583,000 after acquiring an additional 196,749 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in shares of Dorian LPG by 233.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 280,002 shares of the shipping company’s stock worth $4,256,000 after acquiring an additional 196,039 shares in the last quarter. 78.40% of the stock is owned by institutional investors.

About Dorian LPG

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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.