Dorian LPG (NYSE:LPG) Trading Up 5.2% - Here's Why

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) rose 5.2% during trading on Friday . The stock traded as high as $25.10 and last traded at $24.94. Approximately 428,961 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 697,375 shares. The stock had previously closed at $23.70.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Dorian LPG from a "sell" rating to a "hold" rating in a research note on Sunday, June 1st.

Dorian LPG Stock Down 0.3%

The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 6.35 and a beta of 0.74. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average of $21.63 and a 200-day moving average of $22.61.

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

Dorian LPG Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a dividend of $0.50 per share. This represents a yield of 13.5%. The ex-dividend date was Friday, May 16th. Dorian LPG's payout ratio is 46.30%.

Insider Buying and Selling at Dorian LPG

In other Dorian LPG news, CEO John C. Hadjipateras acquired 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired at an average cost of $17.75 per share, with a total value of $221,875.00. Following the acquisition, 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 is accessible through this hyperlink. 13.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LPG. Beacon Capital Management LLC increased its holdings 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 purchasing an additional 428 shares during the period. NewEdge Advisors LLC grew its position in Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company's stock valued at $32,000 after buying an additional 1,315 shares in the last quarter. Heck Capital Advisors LLC bought a new position in Dorian LPG in the 4th quarter valued at about $37,000. Brooklyn Investment Group increased its stake in Dorian LPG by 2,087.8% during the 1st quarter. Brooklyn Investment Group now owns 1,969 shares of the shipping company's stock valued at $44,000 after buying an additional 1,879 shares during the period. Finally, Picton Mahoney Asset Management raised its position in shares of Dorian LPG by 6,275.0% during the 1st quarter. Picton Mahoney Asset Management now owns 2,040 shares of the shipping company's stock worth $46,000 after buying an additional 2,008 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

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.