Dorian LPG (NYSE:LPG) Insider Tim Truels Hansen Sells 25,000 Shares of Stock

Dorian LPG Ltd. (NYSE:LPG) insider Tim Truels Hansen sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total transaction of $721,250.00. Following the completion of the sale, the insider owned 212,842 shares in the company, valued at approximately $6,140,491.70. The trade was a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Dorian LPG Stock Performance

Dorian LPG stock opened at $28.03 on Friday. Dorian LPG Ltd. has a 1 year low of $16.66 and a 1 year high of $32.79. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.32 and a quick ratio of 3.30. The company has a market capitalization of $1.20 billion, a P/E ratio of 12.57 and a beta of 0.59. The business has a 50 day moving average of $25.62 and a 200-day moving average of $28.08.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Wednesday, November 5th. The shipping company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.09). Dorian LPG had a net margin of 26.02% and a return on equity of 9.13%. The business had revenue of $124.06 million for the quarter, compared to the consensus estimate of $126.99 million. During the same period in the previous year, the business posted $0.35 EPS. Dorian LPG’s revenue was up 50.6% on a year-over-year basis. On average, equities research analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a $0.65 dividend. This is a boost from Dorian LPG’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 9.3%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LPG. Wall Street Zen raised Dorian LPG from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. Finally, Pareto Securities cut shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Institutional Trading of Dorian LPG

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LPG. AQR Capital Management LLC boosted its holdings in Dorian LPG by 236.7% in the second quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock worth $10,373,000 after acquiring an additional 299,107 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Dorian LPG during the second quarter worth approximately $6,438,000. Bank of America Corp DE lifted its holdings in shares of Dorian LPG by 136.2% in the 2nd quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company’s stock worth $8,996,000 after purchasing an additional 212,787 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Dorian LPG by 425.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 256,216 shares of the shipping company’s stock worth $7,635,000 after purchasing an additional 207,450 shares in the last quarter. Finally, Millennium Management LLC grew its position in Dorian LPG by 55.8% in the 3rd quarter. Millennium Management LLC now owns 572,315 shares of the shipping company’s stock valued at $17,055,000 after purchasing an additional 204,861 shares during the period. 62.50% of the stock is owned by institutional investors.

About Dorian LPG

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.