Dorian LPG Ltd.’s filing revealed that its Director Coleman Thomas Jason unloaded Company’s shares for reported $1.02 million on Aug 11. In the deal valued at $25.60 per share,40,000 shares were sold. As a result of this transaction, Coleman Thomas Jason now holds 0 shares worth roughly $ 0.0.
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Then, Coleman Thomas Jason sold 40,000 shares, generating $1,072,949 in total proceeds. Upon selling the shares at $26.82, the Director now owns 40,000 shares.
Before that, Hadjipateras Alexander C. sold 5,000 shares. Dorian LPG Ltd. shares valued at $136,750 were divested by the SEVP at Dorian LPG (USA) LLC at a price of $27.35 per share. As a result of the transaction, Hadjipateras Alexander C. now holds 76,853 shares, worth roughly $2.15 million.
Jefferies downgraded its Dorian LPG Ltd. [LPG] rating to a Hold from a a Buy in a research note published on Monday. PT values the company’s stock at a premium of 6.63 to its Monday closing price.
Price Performance Review of LPG
On Monday, Dorian LPG Ltd. [NYSE:LPG] saw its stock jump 2.68% to $28.01. On the same session, the stock had its day’s lowest price of $27.38, but rose to a high of $28.54. Over the last five days, the stock has lost -0.25%. Dorian LPG Ltd. shares have risen nearly 67.73% since the year began. Nevertheless, the stocks have risen 127.49% over the past one year. While a 52-week high of $29.03 was reached on 07/31/23, a 52-week low of $10.79 was recorded on 01/05/23. SMA at 50 days reached $26.65, while 200 days put it at $22.65. A total of 0.73 million shares were traded, compared to the trading of 0.71 million shares in the previous session.
Levels Of Support And Resistance For LPG Stock
The 24-hour chart illustrates a support level at 27.41, which if violated will result in even more drops to 26.82. On the upside, there is a resistance level at 28.57. A further resistance level may holdings at 29.14. The Relative Strength Index (RSI) on the 14-day chart is 61.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.80%. Stochastics %K at 71.29% 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 Aug 30, 2023, dropping by -0.37 million shares to a total of 1.24 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 1.61 million shares. There was a decline of -29.84%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.35% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.82.
Dorian LPG Ltd. [LPG] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 4,767,215 shares, or roughly 11.80% of the outstanding LPG shares. In other words, the investor’s shares have fallen by -153,093 from its previous 13-F filing of 4920308.0. Additionally, Dimensional Fund Advisors LP decreased -1.54% of its stake after which the total value it holdings stand at $82,323,620, while The Vanguard Group, Inc. added 4.28% of its stake to hold $30.46 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -158,824 shares of Dorian LPG Ltd., while Morgan Stanley & Co. LLC sold 467 shares. At present, Invesco Capital Management LLC is holding 721,960 shares valued at $18.63 million. Pacer Advisors, Inc. owned 645,823 shares of the company at the time of its most recent 13F filing, worth $16.66 million.
According to FactSet, Dorian LPG Ltd.’s share price will average $27.04 in the next year, based on opinions of analysts polled by the firm. This is down nearly -2.86 percent from its previous closing price of $27.28. Analysts expect Dorian LPG Ltd. stock to reach the higher price of $32.00, while the lowest price estimate is $23.00. However, 8 analysts have rated LPG stock as a Hold in their predictions for 2023.