Dorian LPG (NYSE:LPG) CFO Theodore Young Sells 9,081 Shares of Stock

Dorian LPG Ltd. (NYSE:LPG) CFO Theodore Young sold 9,081 shares of Dorian LPG stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $53.25, for a total value of $483,563.25. Following the completion of the transaction, the chief financial officer directly owned 124,713 shares of the company’s stock, valued at $6,640,967.25. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Dorian LPG Stock Performance

LPG opened at $53.54 on Thursday. The firm has a market cap of $2.29 billion, a P/E ratio of 7.09 and a beta of 0.61. Dorian LPG Ltd. has a 52-week low of $23.76 and a 52-week high of $55.28. 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 business’s fifty day moving average is $45.85 and its 200-day moving average is $40.59.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Tuesday, August 4th. The shipping company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.40. The business had revenue of $187.88 million during the quarter, compared to the consensus estimate of $160.78 million. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%.Dorian LPG’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 firm earned $0.27 earnings per share.

Dorian LPG Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LPG. Freedom Capital raised Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Dnb Carnegie raised Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Dorian LPG in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dorian LPG presently has a consensus rating of “Buy” and a consensus target price of $55.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its holdings in shares of 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 acquired a new position in Dorian LPG in the 2nd quarter worth about $57,000. Allworth Financial LP raised its position in Dorian LPG by 65.9% in the second quarter. Allworth Financial LP now owns 1,206 shares of the shipping company’s stock valued at $42,000 after purchasing an additional 479 shares during the last quarter. Corient Private Wealth LP bought a new position in Dorian LPG in the second quarter valued at about $253,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Dorian LPG during the second quarter valued at about $1,478,000. 62.50% of the stock is currently owned by institutional investors.

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.