Key Points
- CEO John Hadjipateras bought 15,000 shares on Jan. 7 at an average price of $27.30 for $409,500, raising his stake to 153,500 shares (a 10.83% increase) as disclosed in an SEC filing.
- Dividend increased to $0.65 per quarter (annualized $2.60), representing a 9.6% yield and up from the prior $0.60 quarterly payout.
- Dorian missed the latest quarter's EPS estimates
Dorian LPG Ltd. (NYSE:LPG - Get Free Report) CEO John Hadjipateras acquired 15,000 shares of the company's stock in a transaction that occurred on Wednesday, January 7th. The shares were bought at an average price of $27.30 per share, with a total value of $409,500.00. Following the transaction, the chief executive officer owned 153,500 shares in the company, valued at $4,190,550. This represents a 10.83% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Dorian LPG Price Performance
NYSE:LPG opened at $27.22 on Friday. Dorian LPG Ltd. has a 12-month low of $16.66 and a 12-month high of $32.79. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 12.20 and a beta of 0.59. The company's 50-day moving average is $25.48 and its two-hundred day moving average is $27.87. The company has a current ratio of 3.32, a quick ratio of 3.30 and a debt-to-equity ratio of 0.44.
Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The shipping company reported $1.31 EPS for the quarter, missing analysts' consensus estimates of $1.40 by ($0.09). The firm had revenue of $124.06 million for the quarter, compared to analysts' expectations of $126.99 million. Dorian LPG had a return on equity of 9.13% and a net margin of 26.02%.The business's quarterly revenue was up 50.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. Research analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current year.
Dorian LPG Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 9.6%. This is a positive change from Dorian LPG's previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Dorian LPG in a research report on Monday, December 29th. Pareto Securities cut shares of Dorian LPG from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 10th. Finally, Wall Street Zen raised shares of Dorian LPG from a "hold" rating to a "buy" rating in a research report on Saturday, January 3rd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $35.00.
Read Our Latest Stock Report on LPG
Institutional Trading of Dorian LPG
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC acquired a new position in Dorian LPG in the 2nd quarter worth $165,210,000. Millennium Management LLC lifted its stake in shares of Dorian LPG by 3,728.9% in the first quarter. Millennium Management LLC now owns 997,470 shares of the shipping company's stock worth $22,283,000 after acquiring an additional 971,419 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Dorian LPG by 236.7% in the second quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company's stock valued at $10,373,000 after purchasing an additional 299,107 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Dorian LPG during the 2nd quarter worth approximately $6,438,000. Finally, Bank of America Corp DE raised its position in shares of Dorian LPG by 136.2% in the 2nd quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company's stock valued at $8,996,000 after purchasing an additional 212,787 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.
About Dorian LPG
(
Get Free Report)
Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.
Dorian LPG's fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.
The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.
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