Traders Purchase Large Volume of Dorian LPG Put Options (NYSE:LPG)

Dorian LPG Ltd. (NYSE:LPG) was the target of unusually large options trading on Monday. Stock investors bought 4,905 put options on the stock. This is an increase of approximately 477% compared to the typical daily volume of 850 put options.

Analysts Set New Price Targets

A number of equities analysts recently commented on LPG shares. Jefferies Financial Group upgraded Dorian LPG from a “hold” rating to a “buy” rating and lifted their price target for the stock from $37.00 to $50.00 in a report on Monday. StockNews.com cut Dorian LPG from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Finally, Pareto Securities upgraded Dorian LPG from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $27.00 to $35.00 in a report on Monday, October 16th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dorian LPG has an average rating of “Moderate Buy” and a consensus price target of $32.58.

Insider Buying and Selling

In related news, CFO Theodore B. Young sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $29.13, for a total transaction of $145,650.00. Following the sale, the chief financial officer now owns 103,720 shares of the company’s stock, valued at approximately $3,021,363.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dorian LPG news, CFO Theodore B. Young sold 5,000 shares of Dorian LPG stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $29.13, for a total value of $145,650.00. Following the sale, the chief financial officer now owns 103,720 shares of the company’s stock, valued at approximately $3,021,363.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tim Truels Hansen sold 25,000 shares of Dorian LPG stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $37.61, for a total value of $940,250.00. Following the completion of the sale, the insider now directly owns 186,866 shares in the company, valued at approximately $7,028,030.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,000 shares of company stock valued at $1,453,650. 15.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dorian LPG

Institutional investors have recently made changes to their positions in the stock. Quilter Plc acquired a new position in Dorian LPG during the first quarter valued at approximately $745,743,000. Quarry LP raised its position in Dorian LPG by 79.3% during the second quarter. Quarry LP now owns 1,325 shares of the shipping company’s stock valued at $34,000 after purchasing an additional 586 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Dorian LPG by 43.8% during the second quarter. PNC Financial Services Group Inc. now owns 1,412 shares of the shipping company’s stock valued at $36,000 after purchasing an additional 430 shares in the last quarter. CWM LLC raised its position in Dorian LPG by 63.2% during the third quarter. CWM LLC now owns 1,413 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 547 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in Dorian LPG by 134.6% during the first quarter. Captrust Financial Advisors now owns 1,715 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 984 shares in the last quarter. 64.01% of the stock is currently owned by institutional investors.

Dorian LPG Trading Up 9.3 %

Shares of NYSE:LPG opened at $42.71 on Tuesday. The company has a quick ratio of 2.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.73 billion, a PE ratio of 6.75 and a beta of 1.12. The business has a 50 day moving average of $31.66 and a 200-day moving average of $27.46. Dorian LPG has a 12-month low of $15.81 and a 12-month high of $43.12.

Dorian LPG Dividend Announcement

The business also recently declared a Variable dividend, which was paid on Thursday, November 2nd. Investors 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 currently 47.39%.

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.