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

Dorian LPG Ltd. (NYSE:LPG) CFO Theodore Young sold 5,000 shares of the company’s stock in a transaction that occurred 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 owned 119,713 shares in the company, valued at approximately $6,465,699.13. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Dorian LPG Price Performance

Dorian LPG stock traded up $0.05 during mid-day trading on Wednesday, hitting $53.54. 605,238 shares of the company traded hands, compared to its average volume of 605,393. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.24 and a current ratio of 3.26. Dorian LPG Ltd. has a one year low of $23.76 and a one year high of $55.28. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 7.09 and a beta of 0.61. The stock has a fifty day moving average price of $45.48 and a 200-day moving average price of $40.46.

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

Dorian LPG Announces Dividend

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

Institutional Trading of Dorian LPG

Several institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC grew its stake in shares of Dorian LPG by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 7,341 shares of the shipping company’s stock valued at $255,000 after buying an additional 307 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Dorian LPG by 14.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the shipping company’s stock valued at $89,000 after acquiring an additional 318 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in Dorian LPG by 2.1% during the 4th quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company’s stock valued at $433,000 after acquiring an additional 365 shares during the period. WINTON GROUP Ltd boosted its holdings in Dorian LPG by 0.8% during the 4th quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock valued at $1,087,000 after acquiring an additional 373 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Dorian LPG by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock valued at $324,000 after acquiring an additional 390 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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