Theodore B. Young Sells 5,000 Shares of Dorian LPG Ltd. (NYSE:LPG) Stock

Dorian LPG Ltd. (NYSE:LPG) CFO Theodore B. Young sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $37.15, for a total transaction of $185,750.00. Following the transaction, the chief financial officer now owns 93,720 shares of the company’s stock, valued at $3,481,698. The transaction was disclosed in a filing with the SEC, which is available through this link.

Dorian LPG Trading Up 9.3 %

Shares of LPG traded up $3.62 during mid-day trading on Monday, reaching $42.71. 1,669,262 shares of the company were exchanged, compared to its average volume of 680,634. The business has a 50 day simple moving average of $31.37 and a two-hundred day simple moving average of $27.32. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.63. Dorian LPG Ltd. has a 52 week low of $15.81 and a 52 week high of $43.12. The stock has a market capitalization of $1.73 billion, a PE ratio of 6.71 and a beta of 1.12.

Dorian LPG Announces Dividend

The company also recently disclosed a Variable dividend, which was paid on Thursday, November 2nd. Shareholders of record on Friday, October 20th were paid a $1.00 dividend. The ex-dividend date was Thursday, October 19th. Dorian LPG’s dividend payout ratio (DPR) is presently 47.39%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Jefferies Financial Group raised Dorian LPG from a “hold” rating to a “buy” rating and upped their target price for the stock from $37.00 to $50.00 in a report on Monday. Finally, Pareto Securities raised Dorian LPG from a “hold” rating to a “buy” rating and lifted their price target for the company from $27.00 to $35.00 in a research note on Monday, October 16th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Dorian LPG currently has an average rating of “Moderate Buy” and an average target price of $32.58.

Institutional Investors Weigh In On Dorian LPG

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Dorian LPG by 8.2% in the third quarter. BlackRock Inc. now owns 5,263,675 shares of the shipping company’s stock valued at $71,427,000 after purchasing an additional 400,804 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Dorian LPG by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,240,874 shares of the shipping company’s stock valued at $64,622,000 after purchasing an additional 341,453 shares in the last quarter. Renaissance Technologies LLC lifted its position in Dorian LPG by 364.5% in the 1st quarter. Renaissance Technologies LLC now owns 367,400 shares of the shipping company’s stock worth $7,326,000 after buying an additional 288,300 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Dorian LPG by 549.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 319,025 shares of the shipping company’s stock valued at $4,849,000 after purchasing an additional 269,906 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new position in shares of Dorian LPG during the third quarter valued at about $3,435,000. Institutional investors and hedge funds own 64.01% of the company’s stock.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.