Insider Selling: Dorian LPG (NYSE:LPG) Director Sells 15,373 Shares of Stock

Dorian LPG Ltd. (NYSE:LPG) Director Ted Kalborg sold 15,373 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $45.06, for a total transaction of $692,707.38. Following the sale, the director directly owned 66,348 shares in the company, valued at $2,989,640.88. This represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dorian LPG Trading Down 3.3%

Shares of NYSE:LPG traded down $1.54 during trading on Tuesday, reaching $44.92. The stock had a trading volume of 1,071,266 shares, compared to its average volume of 562,980. The business has a fifty day moving average price of $37.30 and a 200-day moving average price of $31.59. The company has a quick ratio of 2.40, a current ratio of 2.67 and a debt-to-equity ratio of 0.40. The stock has a market cap of $1.92 billion, a P/E ratio of 9.87 and a beta of 0.63. Dorian LPG Ltd. has a fifty-two week low of $20.60 and a fifty-two week high of $48.12.

Dorian LPG (NYSE:LPG) last announced its earnings results on Wednesday, May 20th. The shipping company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.48. The firm had revenue of $153.27 million for the quarter, compared to analyst estimates of $128.87 million. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. Dorian LPG’s revenue was up 102.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 earnings per share.

Dorian LPG Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be issued a dividend of $1.00 per share. The ex-dividend date is Monday, May 18th. This represents a dividend yield of 951.0%. Dorian LPG’s dividend payout ratio (DPR) is 21.98%.

Analyst Ratings Changes

Several equities analysts recently commented on LPG shares. Jefferies Financial Group upped their target price on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Dorian LPG in a research note on Wednesday, April 22nd. Pareto Securities restated a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Freedom Capital downgraded shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Friday. Finally, Wall Street Zen upgraded shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $55.00.

Institutional Trading of Dorian LPG

Institutional investors have recently made changes to their positions in the stock. KBC Group NV purchased a new position in shares of Dorian LPG in the 1st quarter worth $38,000. Aster Capital Management DIFC Ltd purchased a new stake in Dorian LPG during the third quarter valued at about $41,000. Sunbelt Securities Inc. acquired a new stake in Dorian LPG during the third quarter worth about $41,000. NewEdge Advisors LLC increased its stake in Dorian LPG by 1,003.8% during the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after acquiring an additional 1,315 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Dorian LPG by 429.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after purchasing an additional 1,340 shares during the period. 62.50% of the stock is owned by hedge funds and other 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.