Shares of Dorian LPG Ltd (NYSE:LPG) fell 5.3% during mid-day trading on Thursday . The company traded as low as $7.50 and last traded at $7.51. 526,898 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 578,370 shares. The stock had previously closed at $7.93.

A number of brokerages have issued reports on LPG. Zacks Investment Research raised Dorian LPG from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research note on Thursday, January 4th. ValuEngine lowered Dorian LPG from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. Finally, DNB Markets lowered Dorian LPG from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Dorian LPG presently has an average rating of “Hold” and a consensus target price of $9.17.

The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $413.99, a P/E ratio of -28.11 and a beta of 1.05.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Thursday, February 1st. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.15. The firm had revenue of $44.55 million for the quarter, compared to analyst estimates of $36.59 million. Dorian LPG had a negative return on equity of 2.28% and a negative net margin of 8.92%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the company earned ($0.36) EPS. research analysts expect that Dorian LPG Ltd will post -0.62 EPS for the current fiscal year.

In other news, major shareholder Group Ltd Bw acquired 1,100,000 shares of Dorian LPG stock in a transaction dated Friday, January 26th. The shares were acquired at an average cost of $7.30 per share, with a total value of $8,030,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christina Tan acquired 10,000 shares of Dorian LPG stock in a transaction dated Friday, December 8th. The stock was purchased at an average cost of $7.00 per share, for a total transaction of $70,000.00. Following the completion of the purchase, the director now directly owns 39,475 shares in the company, valued at $276,325. The disclosure for this purchase can be found here. Insiders bought a total of 1,836,460 shares of company stock worth $13,570,244 over the last ninety days. Corporate insiders own 26.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP lifted its stake in shares of Dorian LPG by 54.1% in the 4th quarter. Royce & Associates LP now owns 2,059,329 shares of the shipping company’s stock valued at $16,928,000 after purchasing an additional 722,998 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Dorian LPG by 9.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,687,162 shares of the shipping company’s stock valued at $11,508,000 after purchasing an additional 149,524 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Dorian LPG by 32.5% in the 4th quarter. BlackRock Inc. now owns 1,186,405 shares of the shipping company’s stock valued at $9,754,000 after purchasing an additional 290,872 shares in the last quarter. Private Management Group Inc. lifted its stake in shares of Dorian LPG by 4.6% in the 3rd quarter. Private Management Group Inc. now owns 420,685 shares of the shipping company’s stock valued at $2,869,000 after purchasing an additional 18,682 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Dorian LPG by 9.2% during the 2nd quarter. State Street Corp now owns 370,511 shares of the shipping company’s stock valued at $3,030,000 after buying an additional 31,124 shares during the period. 47.92% of the stock is currently owned by institutional investors and hedge funds.

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Dorian LPG Company Profile

Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers.

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