Dorian LPG Ltd. (NYSE:LPG) Director Christina Tan bought 10,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were acquired at an average cost of $7.00 per share, with a total value of $70,000.00. Following the completion of the transaction, the director now owns 39,475 shares in the company, valued at $276,325. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Dorian LPG Ltd. (NYSE LPG) traded up $0.46 during trading on Tuesday, hitting $7.50. The stock had a trading volume of 302,600 shares, compared to its average volume of 200,930. Dorian LPG Ltd. has a 1 year low of $6.20 and a 1 year high of $12.50. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 0.62.

Dorian LPG (NYSE:LPG) last announced its earnings results on Friday, November 3rd. The shipping company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.02. The firm had revenue of $34.73 million during the quarter, compared to analyst estimates of $31.13 million. Dorian LPG had a negative return on equity of 4.06% and a negative net margin of 7.30%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.25) EPS. equities analysts expect that Dorian LPG Ltd. will post -0.66 earnings per share for the current fiscal year.

LPG has been the subject of several research analyst reports. Zacks Investment Research raised Dorian LPG from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Friday, November 3rd. DNB Markets lowered Dorian LPG from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Finally, ValuEngine raised Dorian LPG from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $8.75.

Hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. bought a new position in shares of Dorian LPG during the 3rd quarter worth $120,000. Voya Investment Management LLC grew its stake in shares of Dorian LPG by 21.3% during the 2nd quarter. Voya Investment Management LLC now owns 15,747 shares of the shipping company’s stock worth $129,000 after acquiring an additional 2,763 shares during the period. SG Americas Securities LLC bought a new position in shares of Dorian LPG during the 3rd quarter worth $199,000. Alliancebernstein L.P. grew its stake in shares of Dorian LPG by 24.4% during the 2nd quarter. Alliancebernstein L.P. now owns 29,100 shares of the shipping company’s stock worth $238,000 after acquiring an additional 5,700 shares during the period. Finally, Numeric Investors LLC grew its stake in shares of Dorian LPG by 24.1% during the 2nd quarter. Numeric Investors LLC now owns 55,087 shares of the shipping company’s stock worth $451,000 after acquiring an additional 10,693 shares during the period. Institutional investors own 47.71% of the company’s stock.

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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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