Dorian LPG (NYSE:LPG) Stock Price Up 4.8% - Here's What Happened

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) shares were up 4.8% during trading on Friday . The company traded as high as $22.08 and last traded at $21.99. Approximately 166,974 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 713,410 shares. The stock had previously closed at $20.98.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LPG. 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. Pareto Securities upgraded shares of Dorian LPG to a "buy" rating in a research note on Tuesday, February 4th.

Dorian LPG Stock Down 0.8 %

The stock has a 50 day moving average of $20.99 and a 200 day moving average of $24.19. The firm has a market capitalization of $934.63 million, a price-to-earnings ratio of 5.57 and a beta of 0.67. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48.

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

Insider Buying and Selling at Dorian LPG

In other Dorian LPG news, CEO John C. Hadjipateras acquired 12,500 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was acquired at an average price of $17.75 per share, with a total value of $221,875.00. Following the transaction, the chief executive officer now directly owns 1,824,386 shares in the company, valued at approximately $32,382,851.50. This represents a 0.69 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 13.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Dorian LPG

Several institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its position in Dorian LPG by 20.8% during the 4th quarter. Pacer Advisors Inc. now owns 4,127,317 shares of the shipping company's stock valued at $100,583,000 after purchasing an additional 711,313 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of Dorian LPG during the fourth quarter valued at $4,669,000. American Century Companies Inc. boosted its holdings in shares of Dorian LPG by 11.0% during the fourth quarter. American Century Companies Inc. now owns 1,352,071 shares of the shipping company's stock valued at $32,950,000 after acquiring an additional 134,289 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Dorian LPG in the 4th quarter worth about $2,838,000. Finally, Teza Capital Management LLC lifted its position in Dorian LPG by 1,025.9% in the 4th quarter. Teza Capital Management LLC now owns 102,072 shares of the shipping company's stock valued at $2,487,000 after purchasing an additional 93,006 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

Dorian LPG Company Profile

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.