Dorian LPG Ltd. (NYSE:LPG) Stock Position Reduced by Jump Financial LLC

Jump Financial LLC cut its stake in shares of Dorian LPG Ltd. (NYSE:LPGFree Report) by 64.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,820 shares of the shipping company’s stock after selling 48,387 shares during the quarter. Jump Financial LLC owned 0.07% of Dorian LPG worth $771,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mackenzie Financial Corp bought a new position in shares of Dorian LPG in the second quarter worth about $630,000. Bank of Montreal Can bought a new position in shares of Dorian LPG in the second quarter valued at approximately $802,000. Commonwealth Equity Services LLC bought a new position in Dorian LPG in the 3rd quarter worth approximately $794,000. Cambridge Investment Research Advisors Inc. bought a new position in Dorian LPG in the 3rd quarter worth approximately $1,964,000. Finally, West Tower Group LLC bought a new stake in shares of Dorian LPG during the 2nd quarter valued at $60,000. 64.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LPG. StockNews.com lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Jefferies Financial Group restated a “buy” rating and issued a $50.00 price objective on shares of Dorian LPG in a report on Thursday, February 1st. Pareto Securities upgraded Dorian LPG from a “hold” rating to a “buy” rating and raised their price objective for the company from $27.00 to $35.00 in a report on Monday, October 16th. Finally, DNB Markets cut Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a report on Friday, January 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.25.

View Our Latest Stock Analysis on Dorian LPG

Dorian LPG Trading Down 0.3 %

Shares of LPG stock opened at $35.78 on Thursday. The firm has a 50 day moving average price of $42.05 and a two-hundred day moving average price of $34.62. The company has a quick ratio of 3.29, a current ratio of 3.31 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.45 billion, a PE ratio of 4.75 and a beta of 1.16. Dorian LPG Ltd. has a 12-month low of $19.19 and a 12-month high of $49.54.

Dorian LPG (NYSE:LPGGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The shipping company reported $2.62 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.35. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The company had revenue of $163.06 million during the quarter, compared to the consensus estimate of $154.49 million. During the same period in the previous year, the business earned $1.29 earnings per share. As a group, analysts predict that Dorian LPG Ltd. will post 6.9 earnings per share for the current year.

Dorian LPG Dividend Announcement

The company also recently disclosed a None dividend, which will be paid on Tuesday, February 27th. Investors of record on Monday, February 5th will be paid a $1.00 dividend. The ex-dividend date is Friday, February 2nd. Dorian LPG’s dividend payout ratio (DPR) is 39.84%.

Insider Activity at Dorian LPG

In related news, CEO John C. Hadjipateras bought 5,000 shares of the firm’s stock in a transaction on Friday, January 12th. The shares were purchased at an average price of $42.58 per share, with a total value of $212,900.00. Following the completion of the purchase, the chief executive officer now owns 1,777,740 shares in the company, valued at approximately $75,696,169.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Dorian LPG news, CEO John C. Hadjipateras acquired 5,000 shares of Dorian LPG stock in a transaction that occurred on Friday, January 12th. The shares were bought at an average price of $42.58 per share, with a total value of $212,900.00. Following the completion of the purchase, the chief executive officer now directly owns 1,777,740 shares in the company, valued at approximately $75,696,169.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christina Tan sold 5,629 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $44.50, for a total transaction of $250,490.50. Following the completion of the sale, the director now directly owns 4,371 shares in the company, valued at approximately $194,509.50. The disclosure for this sale can be found here. Insiders have sold 44,129 shares of company stock valued at $1,815,486 over the last three months. 15.90% of the stock is owned by insiders.

About Dorian LPG

(Free Report)

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.

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Institutional Ownership by Quarter for Dorian LPG (NYSE:LPG)

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