Tim Truels Hansen Sells 50,000 Shares of Dorian LPG (NYSE:LPG) Stock

Dorian LPG Ltd. (NYSE:LPG) insider Tim Hansen sold 50,000 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $53.12, for a total transaction of $2,656,000.00. Following the completion of the transaction, the insider owned 107,675 shares of the company’s stock, valued at $5,719,696. This trade represents a 31.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, August 11th, Tim Hansen sold 25,000 shares of Dorian LPG stock. The shares were sold at an average price of $45.04, for a total value of $1,126,000.00.
• On Tuesday, June 30th, Tim Hansen sold 20,000 shares of Dorian LPG stock. The shares were sold at an average price of $35.38, for a total value of $707,600.00.

Dorian LPG Trading Up 1.4%

NYSE LPG opened at $55.19 on Friday. The company has a quick ratio of 3.24, a current ratio of 3.26 and a debt-to-equity ratio of 0.28. The stock’s 50-day simple moving average is $46.59 and its two-hundred day simple moving average is $40.83. Dorian LPG Ltd. has a twelve month low of $23.76 and a twelve month high of $55.49. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 7.31 and a beta of 0.61.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Tuesday, August 4th. The shipping company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.40. The firm had revenue of $187.88 million during the quarter, compared to analysts’ expectations of $160.78 million. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%.The company’s revenue for the quarter was up 123.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS.

Dorian LPG Dividend Announcement

The company 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.

Hedge Funds Weigh In On Dorian LPG

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its stake in Dorian LPG by 4.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,341 shares of the shipping company’s stock worth $255,000 after purchasing an additional 307 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in shares of Dorian LPG during the second quarter valued at approximately $57,000. Allworth Financial LP boosted its stake in shares of Dorian LPG by 65.9% during 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 period. Corient Private Wealth LP purchased a new stake in shares of Dorian LPG during the second quarter valued at approximately $253,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Dorian LPG in the second quarter worth approximately $1,478,000. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on LPG shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday, August 25th. Jefferies Financial Group upped their price objective on shares of Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Freedom Capital raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Pareto Securities reissued a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $55.00.

About Dorian LPG

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates very large gas carriers (VLGCs). The company primarily transports liquefied petroleum gas (LPG), including propane and butane, for energy producers, commodity traders and other customers in international markets.

Dorian LPG’s fleet is designed for the ocean transportation of LPG between major exporting and importing regions. Its vessels support global trade routes linking LPG-producing areas, including the United States and the Middle East, with demand centers in Asia, Europe and other regions.