Dorian LPG (NYSE:LPG) Upgraded at Wall Street Zen

Dorian LPG (NYSE:LPG - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Sunday.

Separately, Pareto Securities raised shares of Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th.

Dorian LPG Price Performance

NYSE:LPG traded down $0.10 during midday trading on Friday, hitting $21.31. The company had a trading volume of 590,731 shares, compared to its average volume of 796,438. The stock's fifty day moving average price is $21.28 and its 200-day moving average price is $22.80. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. Dorian LPG has a 52-week low of $16.66 and a 52-week high of $51.13. The company has a market capitalization of $912.15 million, a PE ratio of 5.42 and a beta of 0.71.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The shipping company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.17 by $0.08. The firm had revenue of $75.89 million during the quarter, compared to the consensus estimate of $79.04 million. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. The company's quarterly revenue was down 46.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.91 earnings per share. As a group, research analysts expect that Dorian LPG will post 2.6 earnings per share for the current year.

Insider Transactions at Dorian LPG

In related news, CEO John C. Hadjipateras purchased 12,500 shares of Dorian LPG stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of $17.75 per share, for a total transaction of $221,875.00. Following the acquisition, the chief executive officer now owns 1,824,386 shares in the company, valued at approximately $32,382,851.50. The trade was a 0.69% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.40% of the company's stock.

Institutional Trading of Dorian LPG

Hedge funds have recently made changes to their positions in the business. Beacon Capital Management LLC grew its holdings in Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock valued at $27,000 after purchasing an additional 428 shares during the last quarter. NewEdge Advisors LLC lifted its position in Dorian LPG by 1,003.8% during the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company's stock valued at $32,000 after acquiring an additional 1,315 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Dorian LPG during the fourth quarter valued at approximately $37,000. Brooklyn Investment Group raised its holdings in shares of Dorian LPG by 2,087.8% during the first quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company's stock worth $44,000 after purchasing an additional 1,879 shares during the last quarter. Finally, Quarry LP grew its position in Dorian LPG by 155.3% during the fourth quarter. Quarry LP now owns 2,035 shares of the shipping company's stock valued at $50,000 after buying an additional 1,238 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

About Dorian LPG

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.