Insider Selling: Dorian LPG (NYSE:LPG) Insider Sells $707,600.00 in Stock

Dorian LPG Ltd. (NYSE:LPG) insider Tim Truels Hansen sold 20,000 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total value of $707,600.00. Following the completion of the sale, the insider owned 157,842 shares in the company, valued at approximately $5,584,449.96. This trade represents a 11.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dorian LPG Stock Performance

Shares of NYSE:LPG traded up $0.39 on Wednesday, hitting $35.17. The company had a trading volume of 647,312 shares, compared to its average volume of 607,490. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 7.73 and a beta of 0.62. The stock has a 50 day moving average price of $40.62 and a 200 day moving average price of $34.27. Dorian LPG Ltd. has a 1-year low of $23.76 and a 1-year high of $48.12. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.40.

Dorian LPG (NYSE:LPG) last posted its earnings results on Tuesday, May 19th. The shipping company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.48. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. The company had revenue of $153.27 million during the quarter, compared to analysts’ expectations of $128.87 million. During the same quarter last year, the company posted $0.25 EPS. Dorian LPG’s quarterly revenue was up 102.0% compared to the same quarter last year.

Dorian LPG Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a dividend of $1.00 per share. This represents a dividend yield of 951.0%. The ex-dividend date was Monday, May 18th.

Hedge Funds Weigh In On Dorian LPG

A number of institutional investors and hedge funds have recently modified their holdings of the business. Tudor Investment Corp ET AL increased its stake in shares of Dorian LPG by 425.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 256,216 shares of the shipping company’s stock valued at $7,635,000 after acquiring an additional 207,450 shares in the last quarter. SG Americas Securities LLC boosted its stake in Dorian LPG by 212.7% during the fourth quarter. SG Americas Securities LLC now owns 53,071 shares of the shipping company’s stock worth $1,292,000 after acquiring an additional 36,101 shares in the last quarter. American Century Companies Inc. grew its holdings in Dorian LPG by 6.2% in the third quarter. American Century Companies Inc. now owns 1,697,048 shares of the shipping company’s stock worth $50,572,000 after purchasing an additional 99,485 shares during the period. Unison Advisors LLC acquired a new stake in Dorian LPG in the fourth quarter worth $711,000. Finally, Avior Wealth Management LLC bought a new stake in Dorian LPG in the fourth quarter valued at $439,000. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LPG. Jefferies Financial Group boosted their price target on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Wall Street Zen upgraded shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Freedom Capital cut Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Finally, Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.00.

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.