Insider Selling: Dorian LPG (NYSE:LPG) Insider Sells $707,600.00 in Stock

Dorian LPG Ltd. (NYSE:LPG) insider Tim Truels Hansen sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total value of $707,600.00. Following the sale, the insider owned 157,842 shares in the company, valued at approximately $5,584,449.96. This trade represents a 11.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Dorian LPG Price Performance

Shares of Dorian LPG stock opened at $36.06 on Friday. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 7.93 and a beta of 0.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.65 and a current ratio of 2.67. The stock has a 50 day moving average price of $40.59 and a 200-day moving average price of $34.44. Dorian LPG Ltd. has a one year low of $23.76 and a one year high of $48.12.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Tuesday, May 19th. The shipping company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.48. The company 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%.Dorian LPG’s quarterly revenue was up 102.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS.

Dorian LPG Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, May 28th. Stockholders 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 dividend yield of 951.0%.

Institutional Trading of Dorian LPG

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Dorian LPG by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company’s stock valued at $483,000 after purchasing an additional 914 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Dorian LPG by 1,003.8% in 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Dorian LPG by 50.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,039 shares of the shipping company’s stock worth $3,977,000 after buying an additional 59,311 shares during the period. Jane Street Group LLC increased its stake in Dorian LPG by 130.6% in the 1st quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company’s stock worth $2,990,000 after buying an additional 75,818 shares during the period. Finally, Cetera Investment Advisers increased its stake in Dorian LPG by 12.7% in the 2nd quarter. Cetera Investment Advisers now owns 13,613 shares of the shipping company’s stock worth $332,000 after buying an additional 1,539 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LPG shares. Freedom Capital lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Jefferies Financial Group upped their price target on shares of Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Pareto Securities reissued a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Weiss Ratings raised shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 28th. Finally, Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Dorian LPG presently has an average rating of “Moderate Buy” and an average price target of $55.00.

Dorian LPG Company Profile

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.