Dorian LPG (NYSE:LPG) Announces Earnings Results, Misses Expectations By $0.06 EPS - Defense World

2022-05-28 12:04:32 By : Mr. Alex Lee

Posted by admin on May 27th, 2022

Dorian LPG (NYSE:LPG – Get Rating) issued its quarterly earnings results on Thursday. The shipping company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06), MarketWatch Earnings reports. Dorian LPG had a return on equity of 7.50% and a net margin of 27.39%. Dorian LPG updated its Q4 2022 guidance to EPS.

Shares of LPG stock opened at $16.28 on Friday. The business has a 50-day moving average of $15.35 and a 200 day moving average of $13.76. The stock has a market capitalization of $653.46 million, a PE ratio of 8.90 and a beta of 1.08. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.29 and a quick ratio of 2.27. Dorian LPG has a 1-year low of $10.77 and a 1-year high of $18.50.

The business also recently announced a Variable dividend, which will be paid on Thursday, June 2nd. Investors of record on Monday, May 16th will be issued a dividend of $2.50 per share. The ex-dividend date is Friday, May 13th. Dorian LPG’s dividend payout ratio is presently 245.90%.

In other news, CEO John Lycouris sold 10,000 shares of the stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $15.81, for a total value of $158,100.00. Following the completion of the transaction, the chief executive officer now owns 221,722 shares of the company’s stock, valued at approximately $3,505,424.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Jason Coleman sold 100,000 shares of the stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $15.40, for a total value of $1,540,000.00. Following the completion of the transaction, the director now directly owns 3,112,240 shares of the company’s stock, valued at approximately $47,928,496. The disclosure for this sale can be found here. Insiders have sold a total of 548,700 shares of company stock valued at $8,098,519 in the last ninety days. 28.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Toroso Investments LLC bought a new stake in shares of Dorian LPG in the first quarter worth about $153,000. PDT Partners LLC raised its stake in shares of Dorian LPG by 28.0% during the first quarter. PDT Partners LLC now owns 67,693 shares of the shipping company’s stock valued at $981,000 after acquiring an additional 14,793 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of 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 acquiring an additional 984 shares in the last quarter. State Street Corp increased its position in shares of Dorian LPG by 12.5% during the first quarter. State Street Corp now owns 1,243,532 shares of the shipping company’s stock worth $18,019,000 after purchasing an additional 137,918 shares in the last quarter. Finally, Engineers Gate Manager LP increased its position in shares of Dorian LPG by 13.3% during the first quarter. Engineers Gate Manager LP now owns 24,090 shares of the shipping company’s stock worth $349,000 after purchasing an additional 2,830 shares in the last quarter. 82.52% of the stock is currently owned by institutional investors.

Separately, StockNews.com initiated coverage on Dorian LPG in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

Dorian LPG Company Profile (Get Rating)

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. The company owns and operates very large gas carriers (VLGCs). As of May 19, 2021, its fleet consisted of twenty-three VLGCs. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.

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