Dorian LPG (NYSE:LPG) Trading Up 3.8%

Dorian LPG Ltd. (NYSE:LPG) shares were up 3.8% during trading on Monday . The company traded as high as $28.35 and last traded at $28.33. Approximately 260,974 shares traded hands during trading, a decline of 58% from the average daily volume of 619,095 shares. The stock had previously closed at $27.28.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Evercore ISI upgraded Dorian LPG from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $25.00 to $32.00 in a report on Wednesday, May 24th. Jefferies Financial Group downgraded Dorian LPG from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Thursday, August 3rd. DNB Markets downgraded Dorian LPG from a “buy” rating to a “hold” rating and set a $26.90 target price on the stock. in a report on Monday, July 10th. Finally, StockNews.com upgraded Dorian LPG from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Dorian LPG has an average rating of “Hold” and an average price target of $26.98.

Dorian LPG Price Performance

The company has a current ratio of 2.50, a quick ratio of 2.47 and a debt-to-equity ratio of 0.67. The company has a market cap of $1.15 billion, a PE ratio of 5.69 and a beta of 1.17. The firm has a 50 day moving average of $26.63 and a two-hundred day moving average of $23.95.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Wednesday, August 2nd. The shipping company reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.43). The company had revenue of $111.56 million during the quarter. Dorian LPG had a return on equity of 22.93% and a net margin of 46.96%. During the same quarter in the prior year, the firm earned $0.56 EPS. Research analysts predict that Dorian LPG Ltd. will post 4.25 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

The firm also recently announced a Variable dividend, which was paid on Wednesday, September 6th. Shareholders of record on Thursday, August 10th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, August 9th. Dorian LPG’s dividend payout ratio is 60.61%.

Insider Buying and Selling at Dorian LPG

In other Dorian LPG news, CFO Theodore B. Young sold 3,000 shares of the stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. Following the sale, the chief financial officer now directly owns 87,805 shares in the company, valued at approximately $2,282,930. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Thomas Jason Coleman sold 17,000 shares of the stock in a transaction on Friday, July 14th. The stock was sold at an average price of $24.60, for a total transaction of $418,200.00. Following the transaction, the director now directly owns 298,000 shares of the company’s stock, valued at approximately $7,330,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Theodore B. Young sold 3,000 shares of the stock in a transaction on Tuesday, July 11th. The shares were sold at an average price of $26.00, for a total value of $78,000.00. Following the transaction, the chief financial officer now directly owns 87,805 shares in the company, valued at $2,282,930. The disclosure for this sale can be found here. In the last three months, insiders have sold 261,700 shares of company stock worth $7,160,748. Insiders own 15.90% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

Several hedge funds and other institutional investors have recently modified their holdings of LPG. Captrust Financial Advisors raised its holdings in Dorian LPG by 134.6% in the 1st quarter. Captrust Financial Advisors now owns 1,715 shares of the shipping company’s stock worth $25,000 after purchasing an additional 984 shares during the period. Dorsey Wright & Associates bought a new position in Dorian LPG in the 4th quarter worth $33,000. Quarry LP raised its holdings in Dorian LPG by 79.3% in the 2nd quarter. Quarry LP now owns 1,325 shares of the shipping company’s stock worth $34,000 after purchasing an additional 586 shares during the period. PNC Financial Services Group Inc. raised its holdings in Dorian LPG by 43.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,412 shares of the shipping company’s stock worth $36,000 after purchasing an additional 430 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Dorian LPG by 30.7% in the 1st quarter. NewEdge Advisors LLC now owns 2,412 shares of the shipping company’s stock worth $48,000 after purchasing an additional 566 shares during the period. 64.01% of the stock is owned by institutional investors.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.