Dorian LPG (NYSE:LPG) Reaches New 12-Month Low – Time to Sell?

Shares of Dorian LPG Ltd. (NYSE:LPG) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $29.80 and last traded at $29.80, with a volume of 36470 shares traded. The stock had previously closed at $30.35.

Analyst Ratings Changes

Separately, DNB Markets raised Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, July 3rd.

Dorian LPG Trading Down 2.0 %

The company has a quick ratio of 4.58, a current ratio of 4.60 and a debt-to-equity ratio of 0.48. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 3.99 and a beta of 0.98. The company’s 50-day moving average price is $34.94 and its 200-day moving average price is $39.50.

Dorian LPG (NYSE:LPG) last released its earnings results on Thursday, August 1st. The shipping company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.23. Dorian LPG had a return on equity of 30.64% and a net margin of 54.48%. The business had revenue of $114.30 million for the quarter, compared to the consensus estimate of $113.70 million. During the same quarter last year, the business posted $1.21 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts expect that Dorian LPG Ltd. will post 4.13 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 25th. Investors of record on Tuesday, November 5th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, November 5th. Dorian LPG’s payout ratio is presently 13.16%.

Insiders Place Their Bets

In related news, COO Alexander C. Hadjipateras sold 2,500 shares of Dorian LPG stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $36.12, for a total transaction of $90,300.00. Following the transaction, the chief operating officer now owns 82,823 shares in the company, valued at approximately $2,991,566.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 15.90% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in Dorian LPG by 26.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,821 shares of the shipping company’s stock valued at $80,000 after acquiring an additional 379 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Dorian LPG by 10.6% in the 1st quarter. Principal Financial Group Inc. now owns 214,685 shares of the shipping company’s stock valued at $8,257,000 after buying an additional 20,638 shares during the period. Sequoia Financial Advisors LLC lifted its position in Dorian LPG by 8.1% in the first quarter. Sequoia Financial Advisors LLC now owns 8,126 shares of the shipping company’s stock valued at $313,000 after buying an additional 609 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Dorian LPG by 17.8% during the first quarter. BNP Paribas Financial Markets now owns 37,110 shares of the shipping company’s stock worth $1,427,000 after buying an additional 5,611 shares during the period. Finally, Texas Permanent School Fund Corp increased its position in shares of Dorian LPG by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 29,842 shares of the shipping company’s stock valued at $1,148,000 after acquiring an additional 375 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.