Dorian LPG (NYSE:LPG) Stock Price Up 9.9% - Time to Buy?

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) shares traded up 9.9% during mid-day trading on Monday . The stock traded as high as $19.28 and last traded at $19.05. 271,078 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 695,007 shares. The stock had previously closed at $17.34.

Analysts Set New Price Targets

LPG has been the subject of several research analyst reports. Pareto Securities raised shares of Dorian LPG to a "buy" rating in a research report on Tuesday, February 4th. Jefferies Financial Group restated a "buy" rating and set a $35.00 price objective on shares of Dorian LPG in a report on Friday, January 31st.

Dorian LPG Stock Performance

The stock's 50-day moving average is $21.53 and its 200-day moving average is $25.28. 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 market cap of $880.01 million, a price-to-earnings ratio of 5.23 and a beta of 0.67.

Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The shipping company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.08. Dorian LPG had a net margin of 38.51% and a return on equity of 15.14%. During the same period last year, the company earned $2.62 earnings per share. On average, analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current year.

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Dorian LPG Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th were given a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. Dorian LPG's dividend payout ratio (DPR) is presently 25.45%.

Insider Transactions at Dorian LPG

In other news, CEO John C. Hadjipateras purchased 12,500 shares of the 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 owns 1,824,386 shares in the company, valued at approximately $32,382,851.50. This trade represents a 0.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 13.40% of the company's stock.

Hedge Funds Weigh In On Dorian LPG

A number of institutional investors have recently added to or reduced their stakes in LPG. Pacer Advisors Inc. increased its position in shares of Dorian LPG by 20.8% during the fourth quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company's stock worth $100,583,000 after acquiring an additional 711,313 shares during the last quarter. State Street Corp increased its holdings in Dorian LPG by 3.6% during the 3rd quarter. State Street Corp now owns 1,357,420 shares of the shipping company's stock worth $46,722,000 after purchasing an additional 47,780 shares during the last quarter. American Century Companies Inc. raised its position in shares of Dorian LPG by 11.0% in the 4th quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company's stock valued at $32,950,000 after purchasing an additional 134,289 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Dorian LPG by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 1,001,189 shares of the shipping company's stock valued at $24,404,000 after buying an additional 36,967 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Dorian LPG by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 524,339 shares of the shipping company's stock worth $12,778,000 after buying an additional 52,571 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.