Dorian LPG Ltd. (NYSE:LPG) Director Sells $1,346,800.00 in Stock

Dorian LPG Ltd. (NYSE:LPG – Get Rating) Director Thomas Jason Coleman sold 65,000 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was sold at an average price of $20.72, for a total value of $1,346,800.00. Following the transaction, the director now owns 600,000 shares of the company’s stock, valued at $12,432,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, March 10th, Thomas Jason Coleman sold 57,000 shares of Dorian LPG stock. The stock was sold at an average price of $21.51, for a total value of $1,226,070.00.
• On Wednesday, March 8th, Thomas Jason Coleman sold 60,000 shares of Dorian LPG stock. The stock was 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 shares were sold at an average price of $22.03, for a total value of $3,524,800.00.

Dorian LPG Trading Up 0.8 %

NYSE:LPG opened at $20.25 on Friday. The firm has a market cap of $817.09 million, a PE ratio of 6.17 and a beta of 1.15. The stock has a fifty day moving average price of $20.46 and a 200 day moving average price of $18.17. Dorian LPG Ltd. has a 12-month low of $12.90 and a 12-month high of $23.51. The company has a current ratio of 2.72, a quick ratio of 2.69 and a debt-to-equity ratio of 0.69.

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

Dorian LPG Dividend Announcement

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

Institutional Trading of Dorian LPG

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Dorian LPG by 8.2% in the third quarter. BlackRock Inc. now owns 5,263,675 shares of the shipping company’s stock valued at $71,427,000 after buying an additional 400,804 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Dorian LPG by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,899,421 shares of the shipping company’s stock valued at $54,944,000 after buying an additional 99,823 shares in the last quarter. State Street Corp raised its stake in Dorian LPG by 3.2% in the second quarter. State Street Corp now owns 1,283,555 shares of the shipping company’s stock valued at $19,510,000 after buying an additional 40,023 shares in the last quarter. HighTower Advisors LLC raised its stake in Dorian LPG by 3.0% in the fourth quarter. HighTower Advisors LLC now owns 1,134,560 shares of the shipping company’s stock valued at $21,509,000 after buying an additional 32,517 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Dorian LPG by 4.9% in the third quarter. Vanguard Group Inc. now owns 1,006,993 shares of the shipping company’s stock valued at $13,665,000 after buying an additional 46,925 shares in the last quarter. 78.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LPG shares. UBS Group lowered Dorian LPG from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Thursday, January 5th. Jefferies Financial Group lifted their target price on Dorian LPG from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, December 13th. Finally, StockNews.com started coverage on Dorian LPG in a report on Thursday. They issued a “buy” rating for the company.

Dorian LPG Company Profile

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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.