Insider Selling: Dorian LPG Ltd (NYSE:LPG) Major Shareholder Sells 422,517 Shares of Stock

Dorian LPG Ltd (NYSE:LPG) major shareholder Group Ltd Bw sold 422,517 shares of Dorian LPG stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $8.83, for a total transaction of $3,730,825.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Group Ltd Bw also recently made the following trade(s):

  • On Thursday, July 11th, Group Ltd Bw sold 87,466 shares of Dorian LPG stock. The stock was sold at an average price of $9.72, for a total transaction of $850,169.52.
  • On Tuesday, July 9th, Group Ltd Bw sold 391,775 shares of Dorian LPG stock. The stock was sold at an average price of $9.35, for a total transaction of $3,663,096.25.
  • On Wednesday, July 3rd, Group Ltd Bw sold 18,765 shares of Dorian LPG stock. The stock was sold at an average price of $9.13, for a total transaction of $171,324.45.
  • On Friday, July 5th, Group Ltd Bw sold 118,384 shares of Dorian LPG stock. The stock was sold at an average price of $9.11, for a total transaction of $1,078,478.24.
  • On Monday, July 1st, Group Ltd Bw sold 75,647 shares of Dorian LPG stock. The stock was sold at an average price of $9.12, for a total transaction of $689,900.64.

Shares of NYSE LPG traded up $0.03 during midday trading on Friday, hitting $9.38. The company’s stock had a trading volume of 239,420 shares, compared to its average volume of 452,413. The company’s fifty day simple moving average is $8.68. Dorian LPG Ltd has a one year low of $5.26 and a one year high of $10.06. The company has a quick ratio of 1.01, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The stock has a market cap of $517.48 million, a price-to-earnings ratio of -11.87 and a beta of 1.20.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, May 23rd. The shipping company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.07). The business had revenue of $34.47 million during the quarter, compared to the consensus estimate of $37.43 million. Dorian LPG had a negative net margin of 32.24% and a negative return on equity of 4.65%. As a group, analysts expect that Dorian LPG Ltd will post -0.13 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. SeaBridge Investment Advisors LLC purchased a new position in Dorian LPG in the 2nd quarter worth approximately $27,000. BNP Paribas Arbitrage SA grew its stake in Dorian LPG by 97.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,103 shares of the shipping company’s stock worth $39,000 after buying an additional 3,007 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Dorian LPG in the 1st quarter worth approximately $95,000. Mackenzie Financial Corp grew its stake in Dorian LPG by 72.9% in the 4th quarter. Mackenzie Financial Corp now owns 19,100 shares of the shipping company’s stock worth $111,000 after buying an additional 8,050 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Dorian LPG by 56.1% in the 4th quarter. Bank of America Corp DE now owns 19,717 shares of the shipping company’s stock worth $115,000 after buying an additional 7,082 shares in the last quarter. 53.99% of the stock is currently owned by institutional investors and hedge funds.

LPG has been the topic of several research reports. DNB Markets lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, ValuEngine raised shares of United Overseas Bank from a “sell” rating to a “hold” rating in a research report on Monday, June 17th.

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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Insider Buying and Selling by Quarter for Dorian LPG (NYSE:LPG)

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