Insider Selling: Dorian LPG Ltd. (NYSE:LPG) Director Sells 120,000 Shares of Stock

Dorian LPG Ltd. (NYSE:LPG – Get Rating) Director Thomas Jason Coleman sold 120,000 shares of the stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $20.00, for a total transaction of $2,400,000.00. Following the completion of the sale, the director now owns 420,000 shares of the company’s stock, valued at approximately $8,400,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, March 13th, Thomas Jason Coleman sold 65,000 shares of Dorian LPG stock. The shares were sold at an average price of $20.72, for a total transaction of $1,346,800.00.
• On Friday, March 10th, Thomas Jason Coleman sold 57,000 shares of Dorian LPG stock. The shares were sold at an average price of $21.51, for a total transaction of $1,226,070.00.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $3,524,800.00.

Dorian LPG Stock Performance

NYSE LPG opened at $19.52 on Friday. The firm has a market cap of $787.63 million, a price-to-earnings ratio of 5.95 and a beta of 1.15. The company has a 50 day moving average of $20.53 and a 200-day moving average of $18.23. 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 Ltd. has a 1-year low of $12.90 and a 1-year high of $23.51.

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

Dorian LPG Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on LPG. UBS Group cut shares of Dorian LPG from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Thursday, January 5th. Jefferies Financial Group raised their price objective on shares of Dorian LPG from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, December 13th. Finally, StockNews.com initiated coverage on shares of Dorian LPG in a report on Thursday. They set a “buy” rating for the company.

Institutional Trading of Dorian LPG

A number of hedge funds and other institutional investors have recently modified their holdings of LPG. Advisor Group Holdings Inc. increased its holdings in shares of Dorian LPG by 1,571.5% in the first quarter. Advisor Group Holdings Inc. now owns 6,870 shares of the shipping company’s stock valued at $100,000 after purchasing an additional 6,459 shares in the last quarter. Swiss National Bank increased its holdings in shares of Dorian LPG by 7.5% in the first quarter. Swiss National Bank now owns 75,985 shares of the shipping company’s stock valued at $1,101,000 after purchasing an additional 5,300 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Dorian LPG by 32.6% in the first quarter. JPMorgan Chase & Co. now owns 799,380 shares of the shipping company’s stock valued at $11,583,000 after purchasing an additional 196,749 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Dorian LPG by 27.1% in the first quarter. American Century Companies Inc. now owns 143,744 shares of the shipping company’s stock valued at $2,083,000 after purchasing an additional 30,663 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Dorian LPG by 7.4% in the first quarter. Citigroup Inc. now owns 69,755 shares of the shipping company’s stock valued at $1,011,000 after purchasing an additional 4,820 shares in the last quarter. Institutional investors and hedge funds own 78.40% of the company’s stock.

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.