Insider Selling: Dorian LPG (NYSE:LPG) CFO Sells 5,000 Shares

Dorian LPG Ltd. (NYSE:LPG) CFO Theodore Young sold 5,000 shares of Dorian LPG stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $54.01, for a total transaction of $270,050.00. Following the completion of the transaction, the chief financial officer directly owned 119,713 shares in the company, valued at approximately $6,465,699.13. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dorian LPG Trading Up 0.1%

NYSE:LPG traded up $0.05 during midday trading on Wednesday, reaching $53.54. 605,238 shares of the stock traded hands, compared to its average volume of 605,393. The stock has a market capitalization of $2.29 billion, a P/E ratio of 7.09 and a beta of 0.61. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.24 and a current ratio of 3.26. The company has a fifty day moving average of $45.48 and a 200 day moving average of $40.46. Dorian LPG Ltd. has a 12 month low of $23.76 and a 12 month high of $55.28.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Tuesday, August 4th. The shipping company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.40. The firm had revenue of $187.88 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share.

Dorian LPG Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, August 12th. Investors of record on Monday, July 27th were issued a dividend of $1.00 per share. The ex-dividend date was Monday, July 27th.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Pareto Securities reiterated a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Jefferies Financial Group boosted their target price on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” 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 report on Saturday, July 25th. Dnb Carnegie raised Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Freedom Capital upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. One research 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, the company presently has an average rating of “Buy” and an average target price of $55.00.

Institutional Trading of Dorian LPG

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC boosted its position in Dorian LPG by 4.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,341 shares of the shipping company’s stock valued at $255,000 after acquiring an additional 307 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Dorian LPG during the 2nd quarter worth approximately $57,000. Allworth Financial LP raised its position in shares of Dorian LPG by 65.9% in the 2nd quarter. Allworth Financial LP now owns 1,206 shares of the shipping company’s stock worth $42,000 after acquiring an additional 479 shares in the last quarter. Corient Private Wealth LP bought a new position in shares of Dorian LPG in the 2nd quarter worth approximately $253,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Dorian LPG in the 2nd quarter valued at approximately $1,478,000. 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.