Tim Truels Hansen Sells 25,000 Shares of Dorian LPG (NYSE:LPG) Stock

Dorian LPG Ltd. (NYSE:LPG) insider Tim Truels Hansen sold 25,000 shares of Dorian LPG stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $45.04, for a total transaction of $1,126,000.00. Following the sale, the insider directly owned 157,675 shares in the company, valued at approximately $7,101,682. This trade represents a 13.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Tim Truels Hansen also recently made the following trade(s):

• On Tuesday, June 30th, Tim Truels Hansen sold 20,000 shares of Dorian LPG stock. The stock was sold at an average price of $35.38, for a total transaction of $707,600.00.

Dorian LPG Price Performance

Shares of NYSE LPG opened at $47.26 on Friday. The firm has a 50-day simple moving average of $41.85 and a 200-day simple moving average of $38.03. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 6.26 and a beta of 0.65. The company has a quick ratio of 3.24, a current ratio of 3.26 and a debt-to-equity ratio of 0.28. Dorian LPG Ltd. has a 52 week low of $23.76 and a 52 week high of $48.12.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Tuesday, August 4th. The shipping company reported $2.52 earnings per share 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 the consensus estimate of $160.78 million. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The company’s revenue for the quarter was up 123.1% on a year-over-year basis. During the same period last year, the firm posted $0.27 earnings per share.

Dorian LPG Dividend Announcement

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

Analyst Upgrades and Downgrades

LPG has been the subject of a number of analyst reports. Jefferies Financial Group upped their price target on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Freedom Capital raised Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Pareto Securities restated a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Finally, Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Hedge Funds Weigh In On Dorian LPG

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

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.