Alexander C. Hadjipateras Sells 5,000 Shares of Dorian LPG (NYSE:LPG) Stock

Key Points

• Dorian LPG COO Alexander Hadjipateras sold 5,000 shares of stock for a total of $161,900.00, which represents a 5.29% decrease in their ownership of the company's shares.
• The company reported a quarterly earnings miss with earnings per share at $0.27, falling short of the consensus estimate of $0.61, and a 26.3% year-over-year revenue decline.
• Dorian LPG recently announced a quarterly dividend of $0.60 per share, with an annualized yield of 7.4% paid to shareholders of record as of August 12th.

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) COO Alexander C. Hadjipateras sold 5,000 shares of Dorian LPG stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $32.38, for a total transaction of $161,900.00. Following the transaction, the chief operating officer directly owned 89,440 shares in the company, valued at approximately $2,896,067.20. This represents a 5.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Dorian LPG Stock Performance

Shares of Dorian LPG stock traded down $0.50 during mid-day trading on Friday, hitting $31.79. 1,002,812 shares of the stock were exchanged, compared to its average volume of 517,422. Dorian LPG Ltd. has a 12 month low of $16.66 and a 12 month high of $37.16. The company has a 50-day simple moving average of $30.44 and a 200 day simple moving average of $25.25. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.30 and a current ratio of 3.32. The company has a market capitalization of $1.36 billion, a P/E ratio of 27.64 and a beta of 0.82.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its earnings results on Friday, August 1st. The shipping company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.34). Dorian LPG had a return on equity of 5.24% and a net margin of 15.15%.The firm had revenue of $84.21 million for the quarter, compared to the consensus estimate of $86.53 million. During the same period in the prior year, the business earned $1.26 EPS. Dorian LPG's quarterly revenue was down 26.3% compared to the same quarter last year. Sell-side analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Tuesday, August 12th.

Institutional Trading of Dorian LPG

Several institutional investors and hedge funds have recently bought and sold shares of LPG. D. E. Shaw & Co. Inc. lifted its holdings in Dorian LPG by 13.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 52,740 shares of the shipping company's stock worth $1,285,000 after buying an additional 6,200 shares during the period. Deutsche Bank AG lifted its holdings in Dorian LPG by 57.8% in the fourth quarter. Deutsche Bank AG now owns 33,926 shares of the shipping company's stock worth $827,000 after buying an additional 12,429 shares during the period. Janus Henderson Group PLC lifted its holdings in Dorian LPG by 4.6% in the fourth quarter. Janus Henderson Group PLC now owns 39,655 shares of the shipping company's stock worth $966,000 after buying an additional 1,736 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Dorian LPG by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,689 shares of the shipping company's stock worth $504,000 after buying an additional 797 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in Dorian LPG by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 10,958 shares of the shipping company's stock worth $267,000 after buying an additional 3,376 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Dorian LPG from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wall Street Zen upgraded shares of Dorian LPG from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st. Finally, Zacks Research lowered shares of Dorian LPG from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 9th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $35.00.

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.