Dorian LPG Ltd. (NYSE:LPG – Get Rating) CFO Theodore B. Young sold 12,500 shares of the company’s stock in a transaction dated Friday, April 8th. The stock was sold at an average price of $15.37, for a total value of $192,125.00. Following the sale, the chief financial officer now owns 110,576 shares in the company, valued at approximately $1,699,553.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
NYSE:LPG opened at $15.44 on Wednesday. The business’s 50-day simple moving average is $13.70. The firm has a market cap of $619.75 million, a PE ratio of 8.44 and a beta of 1.17. Dorian LPG Ltd. has a 1 year low of $10.77 and a 1 year high of $15.68. The company has a current ratio of 2.29, a quick ratio of 2.27 and a debt-to-equity ratio of 0.55.
Dorian LPG (NYSE:LPG – Get Rating) last released its quarterly earnings data on Thursday, February 3rd. The shipping company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.50). The business had revenue of $68.60 million for the quarter. Dorian LPG had a return on equity of 7.50% and a net margin of 27.39%.
Several large investors have recently added to or reduced their stakes in LPG. Morgan Stanley boosted its position in shares of Dorian LPG by 33.8% during the 2nd quarter. Morgan Stanley now owns 330,301 shares of the shipping company’s stock worth $4,664,000 after acquiring an additional 83,463 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Dorian LPG by 3.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 99,181 shares of the shipping company’s stock worth $1,400,000 after acquiring an additional 3,672 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Dorian LPG by 31.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 119,092 shares of the shipping company’s stock worth $1,682,000 after acquiring an additional 28,385 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of Dorian LPG by 24.5% in the 3rd quarter. WINTON GROUP Ltd now owns 39,311 shares of the shipping company’s stock valued at $488,000 after purchasing an additional 7,745 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Dorian LPG in the 3rd quarter valued at about $243,000. 73.59% of the stock is owned by institutional investors and hedge funds.
About Dorian LPG (Get Rating)
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. The company owns and operates very large gas carriers (VLGCs). As of May 19, 2021, its fleet consisted of twenty-three VLGCs. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.
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