Dorian LPG Ltd. (NYSE:LPG - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $29.80 and last traded at $29.80, with a volume of 36470 shares changing hands. The stock had previously closed at $30.35.
Analysts Set New Price Targets
Separately, DNB Markets upgraded Dorian LPG from a "hold" rating to a "buy" rating and set a $52.00 price objective on the stock in a research note on Wednesday, July 3rd.
View Our Latest Research Report on Dorian LPG
Dorian LPG Price Performance
The company has a current ratio of 4.60, a quick ratio of 4.58 and a debt-to-equity ratio of 0.48. The company's 50 day moving average is $34.94 and its 200-day moving average is $39.50. The stock has a market cap of $1.20 billion, a PE ratio of 3.99 and a beta of 0.98.
Dorian LPG (NYSE:LPG - Get Free Report) last issued its earnings results on Thursday, August 1st. The shipping company reported $1.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.23. The business had revenue of $114.30 million for the quarter, compared to analyst estimates of $113.70 million. Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%. The company's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.21 EPS. As a group, sell-side analysts predict that Dorian LPG Ltd. will post 4.13 earnings per share for the current year.
Dorian LPG Dividend Announcement
The firm also recently declared a dividend, which will be paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. Dorian LPG's dividend payout ratio (DPR) is presently 13.16%.
Insider Activity
In other Dorian LPG news, COO Alexander C. Hadjipateras sold 2,500 shares of the company's stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $36.12, for a total value of $90,300.00. Following the completion of the transaction, the chief operating officer now owns 82,823 shares in the company, valued at approximately $2,991,566.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 15.90% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in LPG. Pacer Advisors Inc. raised its stake in shares of Dorian LPG by 22.4% during the second quarter. Pacer Advisors Inc. now owns 3,063,551 shares of the shipping company's stock valued at $128,547,000 after purchasing an additional 560,325 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Dorian LPG by 16.7% during the 1st quarter. Vanguard Group Inc. now owns 2,133,837 shares of the shipping company's stock worth $82,067,000 after buying an additional 305,818 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Dorian LPG by 14.2% in the 2nd quarter. American Century Companies Inc. now owns 1,063,865 shares of the shipping company's stock worth $44,640,000 after acquiring an additional 132,542 shares during the period. Marshall Wace LLP boosted its holdings in shares of Dorian LPG by 435.3% in the second quarter. Marshall Wace LLP now owns 457,119 shares of the shipping company's stock valued at $19,181,000 after acquiring an additional 371,724 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of Dorian LPG by 5.5% during the second quarter. First Eagle Investment Management LLC now owns 281,475 shares of the shipping company's stock valued at $11,811,000 after acquiring an additional 14,600 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.
Dorian LPG Company Profile
(
Get Free Report)
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.
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