Dorian LPG (NYSE:LPG) Shares Gap Down - Should You Sell?

Shares of Dorian LPG Ltd. (NYSE:LPG - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $22.66, but opened at $21.75. Dorian LPG shares last traded at $20.76, with a volume of 239,356 shares.

Analysts Set New Price Targets

A number of research analysts recently weighed in on LPG shares. Jefferies Financial Group reaffirmed a "buy" rating and set a $35.00 price target on shares of Dorian LPG in a research note on Friday, January 31st. Wall Street Zen downgraded Dorian LPG from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Pareto Securities raised Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th.

Dorian LPG Trading Up 2.9%

The stock has a market capitalization of $949.56 million, a PE ratio of 5.64 and a beta of 0.71. The firm has a 50 day moving average price of $21.40 and a 200 day moving average price of $22.95. 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 (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, topping 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 return on equity of 15.14% and a net margin of 38.51%. 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 business posted $1.91 earnings per share. Equities analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be paid a $0.50 dividend. This represents a dividend yield of 13.5%. The ex-dividend date of this dividend is Friday, May 16th. Dorian LPG's dividend payout ratio (DPR) is presently 25.45%.

Insider Transactions at Dorian LPG

In other Dorian LPG news, CEO John C. Hadjipateras purchased 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The stock was bought at an average cost of $17.75 per share, with a total value of $221,875.00. Following the completion of the transaction, the chief executive officer now owns 1,824,386 shares of the company's stock, valued at $32,382,851.50. The trade was a 0.69% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 13.40% of the company's stock.

Institutional Trading of Dorian LPG

Institutional investors and hedge funds have recently modified their holdings of the business. Beacon Capital Management LLC increased its position in shares of Dorian LPG by 61.1% during the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company's stock valued at $27,000 after acquiring an additional 428 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of 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 bought a new position in Dorian LPG during the fourth quarter valued at $37,000. Brooklyn Investment Group grew its holdings in Dorian LPG by 2,087.8% during the first quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company's stock valued at $44,000 after purchasing an additional 1,879 shares during the period. Finally, Quarry LP grew its holdings 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 purchasing an additional 1,238 shares during the period. 62.50% of the stock is 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.