Dorian LPG (LPG) Scheduled to Post Earnings on Thursday

Dorian LPG (NYSE:LPG – Get Rating) will be announcing its earnings results before the market opens on Thursday, May 26th.

LPG opened at $15.81 on Friday. The business has a 50 day moving average price of $15.13 and a 200 day moving average price of $13.67. Dorian LPG has a twelve month low of $10.77 and a twelve month high of $18.50. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.27 and a current ratio of 2.29. The firm has a market cap of $634.61 million, a P/E ratio of 8.64 and a beta of 1.08.

The business also recently announced a Variable dividend, which will be paid on Thursday, June 2nd. Investors of record on Monday, May 16th will be issued a $2.50 dividend. The ex-dividend date is Friday, May 13th. Dorian LPG’s dividend payout ratio (DPR) is currently 245.90%.

In other news, CEO John Lycouris sold 10,000 shares of the company’s stock in a transaction on Thursday, April 14th. The stock was sold at an average price of $15.81, for a total transaction of $158,100.00. Following the transaction, the chief executive officer now owns 221,722 shares of the company’s stock, valued at $3,505,424.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Jason Coleman sold 60,000 shares of the company’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $14.61, for a total value of $876,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 548,700 shares of company stock valued at $8,098,519. Corporate insiders own 28.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in LPG. Morgan Stanley increased its holdings in shares of Dorian LPG by 33.8% in the second 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. Royal Bank of Canada grew its stake in Dorian LPG by 22.3% in the third quarter. Royal Bank of Canada now owns 12,577 shares of the shipping company’s stock valued at $156,000 after purchasing an additional 2,291 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Dorian LPG by 30.8% in the third quarter. BNP Paribas Arbitrage SA now owns 31,675 shares of the shipping company’s stock valued at $393,000 after buying an additional 7,460 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Dorian LPG by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 286,161 shares of the shipping company’s stock valued at $3,550,000 after buying an additional 7,114 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Dorian LPG by 27.7% in the fourth quarter. Bank of America Corp DE now owns 61,400 shares of the shipping company’s stock valued at $780,000 after buying an additional 13,313 shares during the last quarter. 82.52% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com started coverage on Dorian LPG in a report on Thursday, March 31st. They issued a “hold” rating for the company.

Dorian LPG Company Profile (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.

Read More