Ted Kalborg Sells 15,373 Shares of Dorian LPG (NYSE:LPG) 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 value of $692,707.38. Following the completion of the transaction, the director owned 66,348 shares of the company’s stock, valued at approximately $2,989,640.88. The trade was a 18.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Dorian LPG Trading Down 3.2%

Shares of NYSE:LPG opened at $43.45 on Thursday. Dorian LPG Ltd. has a 52-week low of $20.60 and a 52-week high of $48.12. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 9.55 and a beta of 0.63. The company has a quick ratio of 2.65, a current ratio of 2.67 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $37.55 and a 200-day moving average price of $31.71.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Tuesday, May 19th. The shipping company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.48. Dorian LPG had a return on equity of 18.01% and a net margin of 40.22%.The firm had revenue of $153.27 million during the quarter, compared to analysts’ expectations of $128.87 million. During the same period last year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was up 102.0% compared to the same quarter last year.

Dorian LPG Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be paid a $1.00 dividend. This represents a dividend yield of 951.0%. The ex-dividend date is Monday, May 18th.

Analyst Ratings Changes

Several brokerages have recently issued reports on LPG. Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Freedom Capital cut Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Pareto Securities restated a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dorian LPG in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dorian LPG presently has a consensus rating of “Hold” and an average price target of $55.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its position 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 valued at $32,000 after acquiring an additional 1,315 shares in the last quarter. KBC Group NV purchased a new position in Dorian LPG during the first quarter valued at approximately $38,000. EverSource Wealth Advisors LLC raised its position in Dorian LPG by 429.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after acquiring an additional 1,340 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in Dorian LPG during the third quarter valued at approximately $41,000. Finally, Sunbelt Securities Inc. purchased a new position in Dorian LPG during the third quarter valued at approximately $41,000. 62.50% of the stock is currently 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.