Dorian LPG (NYSE:LPG) posted its earnings results on Thursday. The shipping company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.07), Morningstar.com reports. Dorian LPG had a negative return on equity of 4.35% and a negative net margin of 23.65%.

Shares of LPG stock opened at $6.79 on Friday. The stock has a market capitalization of $441.42 million, a P/E ratio of -10.95 and a beta of 0.99. Dorian LPG has a 52-week low of $5.26 and a 52-week high of $8.80. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.14 and a current ratio of 1.17.

In related news, Director Christina Tan purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average price of $5.85 per share, for a total transaction of $29,250.00. Following the transaction, the director now directly owns 72,729 shares of the company’s stock, valued at approximately $425,464.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John C. Hadjipateras purchased 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The stock was bought at an average price of $6.43 per share, for a total transaction of $128,600.00. Following the transaction, the chief executive officer now directly owns 1,924,678 shares in the company, valued at $12,375,679.54. The disclosure for this purchase can be found here. Insiders purchased a total of 32,500 shares of company stock worth $215,825 in the last 90 days. 26.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LPG. Dimensional Fund Advisors LP increased its position in Dorian LPG by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,354,582 shares of the shipping company’s stock worth $21,535,000 after purchasing an additional 177,072 shares during the period. City Financial Investment Co Ltd acquired a new position in Dorian LPG during the 4th quarter worth approximately $984,000. Royce & Associates LP increased its position in Dorian LPG by 5.8% during the 4th quarter. Royce & Associates LP now owns 2,471,171 shares of the shipping company’s stock worth $14,407,000 after purchasing an additional 136,032 shares during the period. Private Management Group Inc. increased its position in Dorian LPG by 24.5% during the 4th quarter. Private Management Group Inc. now owns 556,182 shares of the shipping company’s stock worth $3,243,000 after purchasing an additional 109,390 shares during the period. Finally, RBF Capital LLC acquired a new position in Dorian LPG during the 4th quarter worth approximately $544,000. Institutional investors own 54.92% of the company’s stock.

Several equities analysts recently issued reports on LPG shares. Zacks Investment Research upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research report on Saturday, May 4th. DNB Markets upgraded Dorian LPG from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Finally, ValuEngine cut Dorian LPG from a “hold” rating to a “sell” rating in a research report on Monday, February 4th.

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About Dorian LPG

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 very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.

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Earnings History for Dorian LPG (NYSE:LPG)

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