Dorian LPG (NYSE:LPG) CFO Theodore Young Sells 9,081 Shares

Dorian LPG Ltd. (NYSE:LPG) CFO Theodore Young sold 9,081 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $53.25, for a total value of $483,563.25. Following the completion of the transaction, the chief financial officer owned 124,713 shares of the company’s stock, valued at $6,640,967.25. This trade represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Dorian LPG Stock Performance

NYSE LPG traded up $0.05 on Wednesday, hitting $53.54. 605,238 shares of the company’s stock traded hands, compared to its average volume of 508,527. The firm has a market capitalization of $2.29 billion, a PE ratio of 7.09 and a beta of 0.61. Dorian LPG Ltd. has a 1-year low of $23.76 and a 1-year high of $55.28. The firm’s 50-day moving average price is $45.85 and its two-hundred day moving average price is $40.59. The company has a current ratio of 3.26, a quick ratio of 3.24 and a debt-to-equity ratio of 0.28.

Dorian LPG (NYSE:LPG) last posted its earnings results on Tuesday, August 4th. The shipping company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.12 by $0.40. The firm had revenue of $187.88 million for the quarter, compared to analyst estimates of $160.78 million. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%.Dorian LPG’s revenue for the quarter was up 123.1% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share.

Dorian LPG Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, July 27th were given a $1.00 dividend. The ex-dividend date was Monday, July 27th.

Wall Street Analyst Weigh In

Several research firms recently commented on LPG. Weiss Ratings reissued a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday, August 25th. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Jefferies Financial Group lifted their target price on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Finally, Freedom Capital raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $55.00.

Institutional Investors Weigh In On Dorian LPG

Several hedge funds have recently modified their holdings of LPG. NewEdge Advisors LLC raised its holdings 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 purchasing an additional 1,315 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Dorian LPG in the 2nd quarter valued at approximately $37,000. KBC Group NV acquired a new position in Dorian LPG during the first quarter worth $38,000. EverSource Wealth Advisors LLC raised its position in Dorian LPG by 429.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after acquiring an additional 1,340 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Dorian LPG during the 3rd quarter worth $41,000. 62.50% of the stock is owned by institutional investors and hedge funds.

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.