Dorian LPG Ltd (NYSE:LPG) major shareholder Group Ltd Bw sold 87,466 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $9.72, for a total transaction of $850,169.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Tuesday, July 9th, Group Ltd Bw sold 391,775 shares of Dorian LPG stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $9.12, for a total transaction of $689,900.64.
  • On Thursday, June 27th, Group Ltd Bw sold 422,517 shares of Dorian LPG stock. The shares were sold at an average price of $8.83, for a total transaction of $3,730,825.11.

Shares of NYSE:LPG opened at $9.60 on Monday. The company has a 50-day simple moving average of $8.39. 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 capitalization of $529.61 million, a PE ratio of -12.15 and a beta of 1.20.

Dorian LPG (NYSE:LPG) last announced its earnings results on Thursday, May 23rd. The shipping company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). Dorian LPG had a negative net margin of 32.24% and a negative return on equity of 4.65%. The business had revenue of $34.47 million during the quarter, compared to analysts’ expectations of $37.43 million. On average, equities research analysts forecast that Dorian LPG Ltd will post -0.13 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its holdings in shares of Dorian LPG by 97.1% in the first quarter. BNP Paribas Arbitrage SA now owns 6,103 shares of the shipping company’s stock valued at $39,000 after buying an additional 3,007 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Dorian LPG in the first quarter valued at about $95,000. Bank of America Corp DE raised its holdings in shares of Dorian LPG by 56.1% in the fourth quarter. Bank of America Corp DE now owns 19,717 shares of the shipping company’s stock valued at $115,000 after buying an additional 7,082 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Dorian LPG by 131.5% in the fourth quarter. Citigroup Inc. now owns 22,702 shares of the shipping company’s stock valued at $132,000 after buying an additional 12,897 shares during the last quarter. Finally, Perennial Advisors LLC raised its holdings in shares of Dorian LPG by 1,092.1% in the first quarter. Perennial Advisors LLC now owns 23,341 shares of the shipping company’s stock valued at $150,000 after buying an additional 21,383 shares during the last quarter. 53.99% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have issued reports on LPG shares. Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. DNB Markets downgraded shares of Dorian LPG from a “buy” rating to a “hold” rating in a research note on Friday, June 21st. Finally, ValuEngine upgraded shares of United Overseas Bank from a “sell” rating to a “hold” rating in a research note 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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