Dorian LPG Ltd. $LPG Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lowered its holdings in Dorian LPG Ltd. (NYSE:LPG) by 37.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 44,267 shares of the shipping company’s stock after selling 26,667 shares during the quarter. WINTON GROUP Ltd owned about 0.10% of Dorian LPG worth $1,319,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd purchased a new position in Dorian LPG in the third quarter valued at approximately $41,000. NewEdge Advisors LLC raised its holdings 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 worth $32,000 after purchasing an additional 1,315 shares in the last quarter. Citizens National Bank Trust Department purchased a new stake in shares of Dorian LPG during the 3rd quarter worth approximately $45,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Dorian LPG by 429.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after buying an additional 1,340 shares in the last quarter. Finally, Caitlin John LLC acquired a new position in shares of Dorian LPG in the 3rd quarter valued at $52,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LPG. Wall Street Zen lowered shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. Finally, Dnb Carnegie lowered Dorian LPG from a “hold” rating to a “strong sell” rating in a report on Wednesday. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $35.00.

Dorian LPG Price Performance

Shares of NYSE:LPG opened at $31.59 on Thursday. Dorian LPG Ltd. has a one year low of $16.66 and a one year high of $38.40. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 11.12 and a beta of 0.53. The company has a 50-day simple moving average of $31.19 and a 200-day simple moving average of $28.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, February 5th. The shipping company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). The company had revenue of $118.23 million for the quarter, compared to analysts’ expectations of $115.15 million. Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The business’s quarterly revenue was up 48.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. On average, analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Announces Dividend

The business also recently announced a special dividend, which was paid on Tuesday, February 24th. Shareholders of record on Monday, February 9th were paid a $0.70 dividend. This represents a dividend yield of 881.0%. The ex-dividend date was Monday, February 9th.

Insider Activity

In related news, CEO John C. Hadjipateras bought 15,000 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were acquired at an average price of $27.30 per share, with a total value of $409,500.00. Following the completion of the acquisition, the chief executive officer owned 153,500 shares in the company, valued at approximately $4,190,550. This trade represents a 10.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Theodore B. Young sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $34.84, for a total value of $348,400.00. Following the sale, the chief financial officer owned 122,926 shares of the company’s stock, valued at $4,282,741.84. This trade represents a 7.52% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 13.60% of the company’s stock.

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.