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 the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $32.38, for a total transaction of $161,900.00. Following the transaction, the chief operating officer owned 89,440 shares of the company's stock, valued at approximately $2,896,067.20. This represents a 5.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Dorian LPG Trading Up 0.8%

NYSE LPG traded up $0.26 during trading on Thursday, reaching $32.29. 146,812 shares of the stock traded hands, compared to its average volume of 713,036. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 28.08 and a beta of 0.82. The stock's 50-day moving average price is $30.29 and its 200 day moving average price is $25.05. The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.47. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $37.16.

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

Dorian LPG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Tuesday, August 12th.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LPG shares. Wall Street Zen upgraded shares of Dorian LPG from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Zacks Research cut shares of Dorian LPG from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 9th. Finally, Jefferies Financial Group boosted their price objective on shares of Dorian LPG from $33.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC bought a new position in Dorian LPG during the 2nd quarter worth approximately $165,210,000. Millennium Management LLC increased its stake in shares of Dorian LPG by 3,728.9% in the 1st quarter. Millennium Management LLC now owns 997,470 shares of the shipping company's stock valued at $22,283,000 after acquiring an additional 971,419 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Dorian LPG by 236.7% in the 2nd quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company's stock valued at $10,373,000 after acquiring an additional 299,107 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Dorian LPG in the 2nd quarter valued at $6,438,000. Finally, Sparta 24 Ltd. bought a new stake in shares of Dorian LPG in the 1st quarter valued at $5,036,000. Institutional investors 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.