Dorian LPG (NYSE:LPG) CEO John C. Hadjipateras acquired 20,000 shares of the businessâ€™s stock in a transaction dated Thursday, October 1st.
The stock was purchased at an average price of $10.72 per share, with a total value of $214,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 657,569 shares in the company, valued at approximately $7,049,139.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, Zacks raised Dorian LPG from a â€œholdâ€ rating to a â€œbuyâ€ rating and set a $17.00 price objective for the company in a research report on Wednesday, June 17th.
Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.24 earnings per share for the quarter, topping the Thomson Reutersâ€™ consensus estimate of $0.20 by $0.04. The company had revenue of $20.30 million for the quarter, compared to the consensus estimate of $33.63 million. Dorian LPGâ€™s quarterly revenue was up 28.1% compared to the same quarter last year. Equities research analysts expect that Dorian LPG will post $2.47 EPS for the current fiscal year.
Dorian LPG Ltd is a pure-play liquefied petroleum gas (NYSE:LPG) shipping company, based in the Marshall Islands. The Company operates three very large gas carriers (VLGC) and one pressurized LPG vessel. Additionally, it contracts for 16 fuel-efficient VLGC newbuildings, with deliveries scheduled for 2014 and 2015. It operates through offices located in the United States, the United Kingdom and Greece. Its customers include Petrobras, Shell, Statoil, Vitol, and Mitsui O.S.K. Lines.