Dorian LPG Ltd. (LPG) Shares Down 1.8%
Dorian LPG Ltd. (NYSE:LPG) fell 1.8% on Tuesday . The company traded as low as $6.55 and last traded at $6.58, with a volume of 149,146 shares trading hands. The stock had previously closed at $6.70.
A number of research firms have recently weighed in on LPG. ABN Amro cut Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, June 30th. Zacks Investment Research cut Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 31st.
The stock has a market cap of $358.77 million and a PE ratio of 2.84. The company has a 50 day moving average of $7.38 and a 200 day moving average of $9.28.
Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Tuesday, May 31st. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $85.30 million for the quarter, compared to the consensus estimate of $84.18 million. The business’s revenue for the quarter was up 141.6% on a year-over-year basis. Equities analysts expect that Dorian LPG Ltd. will post $1.12 EPS for the current year.
In related news, CEO John C. Hadjipateras acquired 20,000 shares of the company’s stock in a transaction dated Wednesday, June 29th. The shares were bought at an average price of $7.39 per share, for a total transaction of $147,800.00. Following the acquisition, the chief executive officer now owns 2,279,744 shares in the company, valued at approximately $16,847,308.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Other hedge funds have bought and sold shares of the company. GSA Capital Partners LLP boosted its stake in Dorian LPG by 50.4% in the fourth quarter. GSA Capital Partners LLP now owns 146,407 shares of the company’s stock worth $1,723,000 after buying an additional 49,055 shares during the last quarter. Royce & Associates LLC boosted its stake in Dorian LPG by 72.7% in the fourth quarter. Royce & Associates LLC now owns 213,734 shares of the company’s stock worth $2,516,000 after buying an additional 90,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Dorian LPG by 178.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 444,342 shares of the company’s stock worth $5,229,000 after buying an additional 284,603 shares during the last quarter.
Dorian LPG Ltd is a pure-play liquefied petroleum gas (LPG) shipping company, based in the Marshall Islands. The Company operates three very large gas carriers (VLGC) and one pressurized LPG vessel. Additionally, it contracts for 16 fuel-efficient VLGC newbuildings, with deliveries scheduled for 2014 and 2015.
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