LPG (Dorian LPG Ltd.) may reap gains as insiders became active recently


In a filing, Dorian LPG Ltd. revealed its Director Coleman Thomas Jason unloaded Company’s shares for reported $1.53 million on Feb 17. In the deal valued at $21.79 per share,70,000 shares were sold. As a result of this transaction, Coleman Thomas Jason now holds 1,222,000 shares worth roughly $ 26.75 million.

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Then, Coleman Thomas Jason sold 130,000 shares, generating $2,886,000 in total proceeds. Upon selling the shares at $22.20, the Director now owns 1,292,000 shares.

Before that, Coleman Thomas Jason sold 140,000 shares. Dorian LPG Ltd. shares valued at $3,078,600 were divested by the Director at a price of $21.99 per share. As a result of the transaction, Coleman Thomas Jason now holds 1,422,000 shares, worth roughly $31.13 million.

UBS downgraded its Dorian LPG Ltd. [LPG] rating to a Neutral from a a Buy in a research note published on Friday. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. UBS began covering LPG with “Buy” recommendation on August 27, 2021. Evercore ISI revised its rating on May 20, 2021. It rated LPG as “an In-line” which previously was an “an Outperform”.

Price Performance Review of LPG

On Friday, Dorian LPG Ltd. [NYSE:LPG] saw its stock fall -1.71% to $21.89. Over the last five days, the stock has lost -1.40%. Dorian LPG Ltd. shares have risen nearly 20.69% since the year began. Nevertheless, the stocks have risen 130.93% over the past one year. While a 52-week high of $22.50 was reached on 02/13/23, a 52-week low of $9.35 was recorded on 01/05/23. SMA at 50 days reached $19.65, while 200 days put it at $17.03. A total of 0.56 million shares were traded, compared to the trading of 0.54 million shares in the previous session.

Levels Of Support And Resistance For LPG Stock

The 24-hour chart illustrates a support level at 21.66, which if violated will result in even more drops to 21.43. On the upside, there is a resistance level at 22.23. A further resistance level may holdings at 22.57. The Relative Strength Index (RSI) on the 14-day chart is 62.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.58%. Stochastics %K at 27.83% indicates the stock is a holding.

How much short interest is there in Dorian LPG Ltd.?

A steep rise in short interest was recorded in Dorian LPG Ltd. stocks on Jan 30, 2023, growing by 0.17 million shares to a total of 1.44 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 1.27 million shares. There was a rise of 11.81%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.88% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.42.

Dorian LPG Ltd. [LPG] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 5,058,539 shares, or roughly 12.54% of the outstanding LPG shares. In other words, the investor’s shares have risen by 515,959 from its previous 13-F filing of 4542580.0. Additionally, Dimensional Fund Advisors LP increased 3.57% of its stake after which the total value it holdings stand at $57,553,507, while Royce & Associates LP reduced -6.71% of its stake to hold $26.4 million in the firm. Over the last quarter, Kensico Capital Management Corp. sold -500,000 shares of Dorian LPG Ltd., while SSgA Funds Management, Inc. sold 17,397 shares. At present, HighTower Advisors LLC is holding 1,134,560 shares valued at $22.52 million. The Vanguard Group, Inc. owned 991,750 shares of the company at the time of its most recent 13F filing, worth $19.69 million.


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