Dorian LPG Ltd (LPG) Insider John C. Hadjipateras Buys 7,500 Shares

Dorian LPG Ltd (NYSE:LPG) insider John C. Hadjipateras acquired 7,500 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was purchased at an average price of $7.73 per share, for a total transaction of $57,975.00. Following the acquisition, the insider now directly owns 141,994 shares in the company, valued at approximately $1,097,613.62. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NYSE:LPG traded up $0.15 during midday trading on Friday, reaching $8.00. 224,054 shares of the company’s stock were exchanged, compared to its average volume of 174,406. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $441.42 million, a price-to-earnings ratio of -12.90 and a beta of 0.98. Dorian LPG Ltd has a fifty-two week low of $5.26 and a fifty-two week high of $8.80.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Monday, February 4th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.08. The firm had revenue of $55.11 million during the quarter, compared to the consensus estimate of $47.29 million. Dorian LPG had a negative return on equity of 4.35% and a negative net margin of 23.65%. As a group, equities research analysts predict that Dorian LPG Ltd will post -0.68 earnings per share for the current fiscal year.

LPG has been the topic of several analyst reports. Zacks Investment Research upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Thursday, January 17th. ValuEngine lowered Dorian LPG from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Finally, DNB Markets upgraded Dorian LPG from a “hold” rating to a “buy” rating in a report on Friday, February 8th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA grew its position in Dorian LPG by 97.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,103 shares of the shipping company’s stock valued at $39,000 after acquiring an additional 3,007 shares in the last quarter. Mackenzie Financial Corp grew its position in Dorian LPG by 72.9% in the 4th quarter. Mackenzie Financial Corp now owns 19,100 shares of the shipping company’s stock valued at $111,000 after acquiring an additional 8,050 shares in the last quarter. Bank of America Corp DE grew its position in Dorian LPG by 56.1% in the 4th quarter. Bank of America Corp DE now owns 19,717 shares of the shipping company’s stock valued at $115,000 after acquiring an additional 7,082 shares in the last quarter. Citigroup Inc. grew its position in Dorian LPG by 131.5% in the 4th quarter. Citigroup Inc. now owns 22,702 shares of the shipping company’s stock valued at $132,000 after acquiring an additional 12,897 shares in the last quarter. Finally, Perennial Advisors LLC grew its position in Dorian LPG by 1,092.1% in the 1st quarter. Perennial Advisors LLC now owns 23,341 shares of the shipping company’s stock valued at $150,000 after acquiring an additional 21,383 shares in the last quarter. 55.26% of the stock is owned by institutional investors.

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About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.

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