Dorian LPG (NYSE:LPG) Insider Sells 20,000 Shares

Dorian LPG Ltd. (NYSE:LPG) insider Tim Truels Hansen sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $35.38, for a total transaction of $707,600.00. Following the completion of the transaction, the insider directly owned 157,842 shares of the company’s stock, valued at approximately $5,584,449.96. This represents a 11.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Dorian LPG Price Performance

Shares of Dorian LPG stock traded up $0.39 during midday trading on Wednesday, reaching $35.17. The company had a trading volume of 647,312 shares, compared to its average volume of 607,490. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $40.62 and a 200 day simple moving average of $34.27. Dorian LPG Ltd. has a 1-year low of $23.76 and a 1-year high of $48.12. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 7.73 and a beta of 0.62.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Tuesday, May 19th. The shipping company reported $1.89 EPS for the quarter, beating 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 return on equity of 18.01% and a net margin of 40.22%.The business’s quarterly revenue was up 102.0% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS.

Dorian LPG Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a yield of 951.0%.

Analyst Ratings Changes

LPG has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their target price on Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Finally, Freedom Capital downgraded shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Hedge Funds Weigh In On Dorian LPG

A number of large investors have recently modified their holdings of LPG. Tudor Investment Corp ET AL boosted 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 valued at $7,635,000 after buying an additional 207,450 shares during the last quarter. SG Americas Securities LLC lifted its stake in Dorian LPG by 212.7% in the fourth quarter. SG Americas Securities LLC now owns 53,071 shares of the shipping company’s stock valued at $1,292,000 after acquiring an additional 36,101 shares during the last quarter. American Century Companies Inc. grew its position in shares of Dorian LPG by 6.2% in the 3rd quarter. American Century Companies Inc. now owns 1,697,048 shares of the shipping company’s stock valued at $50,572,000 after acquiring an additional 99,485 shares during the period. Unison Advisors LLC acquired a new position in shares of Dorian LPG during the 4th quarter worth about $711,000. Finally, Avior Wealth Management LLC acquired a new stake in Dorian LPG in the 4th quarter valued at about $439,000. 62.50% of the stock is currently 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.