Dorian LPG Ltd. (NYSE:LPG) Short Interest Update

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 1,430,000 shares, a growth of 20.2% from the March 31st total of 1,190,000 shares. Approximately 3.9% of the company's stock are short sold. Based on an average trading volume of 828,000 shares, the short-interest ratio is currently 1.7 days.

Dorian LPG Stock Performance

Shares of NYSE:LPG traded up $0.64 during trading on Friday, hitting $22.06. 543,720 shares of the company traded hands, compared to its average volume of 717,715. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The business's fifty day moving average is $20.92 and its 200-day moving average is $23.89. The stock has a market capitalization of $944.26 million, a price-to-earnings ratio of 5.61 and a beta of 0.71. Dorian LPG has a one year low of $16.66 and a one year high of $51.66.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.08. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. During the same quarter in the prior year, the company posted $2.62 earnings per share. As a group, equities analysts predict that Dorian LPG will post 2.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LPG. Jefferies Financial Group restated a "buy" rating and set a $35.00 price objective on shares of Dorian LPG in a research note on Friday, January 31st. Pareto Securities upgraded shares of Dorian LPG to a "buy" rating in a research report on Tuesday, February 4th.

Insider Activity at Dorian LPG

In other news, CEO John C. Hadjipateras acquired 12,500 shares of the business's stock in a transaction on Tuesday, April 8th. The shares were purchased at an average price of $17.75 per share, for a total transaction of $221,875.00. Following the completion of the purchase, the chief executive officer now directly owns 1,824,386 shares of the company's stock, valued at $32,382,851.50. This represents a 0.69 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Dorian LPG

A number of large investors have recently modified their holdings of LPG. Beacon Capital Management LLC grew its position in Dorian LPG by 61.1% in the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock worth $27,000 after purchasing an additional 428 shares during the last quarter. Heck Capital Advisors LLC bought a new position in Dorian LPG in the 4th quarter worth approximately $37,000. Quarry LP grew its holdings in Dorian LPG by 155.3% in the 4th quarter. Quarry LP now owns 2,035 shares of the shipping company's stock worth $50,000 after buying an additional 1,238 shares in the last quarter. KBC Group NV increased its position in Dorian LPG by 84.6% in the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock valued at $51,000 after acquiring an additional 951 shares during the period. Finally, GAMMA Investing LLC raised its stake in Dorian LPG by 146.2% during the 4th quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company's stock valued at $53,000 after acquiring an additional 1,303 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

Dorian LPG Company Profile

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

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