Dorian LPG (NYSE:LPG) CEO John Hadjipateras Buys 15,000 Shares

Dorian LPG Ltd. (NYSE:LPG) CEO John Hadjipateras acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was purchased 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 directly owned 153,500 shares in the company, valued at approximately $4,190,550. This represents a 10.83% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Dorian LPG Price Performance

Shares of NYSE LPG traded down $0.64 during trading hours on Friday, reaching $27.22. 386,924 shares of the stock traded hands, compared to its average volume of 603,355. The company’s 50-day simple moving average is $25.51 and its two-hundred day simple moving average is $27.85. The company has a market capitalization of $1.17 billion, a P/E ratio of 12.20 and a beta of 0.59. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $32.79. The company has a quick ratio of 3.30, a current ratio of 3.32 and a debt-to-equity ratio of 0.44.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Wednesday, November 5th. The shipping company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.09). The business had revenue of $124.06 million for the quarter, compared to the consensus estimate of $126.99 million. Dorian LPG had a net margin of 26.02% and a return on equity of 9.13%. The firm’s revenue was up 50.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 earnings per share. Equities research analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were paid a $0.65 dividend. This is a boost from Dorian LPG’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 9.6%. The ex-dividend date of this dividend was Monday, November 17th.

Institutional Trading of Dorian LPG

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its position in shares of Dorian LPG by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock worth $324,000 after purchasing an additional 390 shares during the period. Inspire Investing LLC boosted its position in Dorian LPG by 3.1% during the 1st quarter. Inspire Investing LLC now owns 18,206 shares of the shipping company’s stock valued at $407,000 after acquiring an additional 547 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of Dorian LPG by 3.4% in the 2nd quarter. Moors & Cabot Inc. now owns 16,858 shares of the shipping company’s stock worth $411,000 after acquiring an additional 550 shares in the last quarter. Vident Advisory LLC raised its position in shares of Dorian LPG by 2.8% in the 3rd quarter. Vident Advisory LLC now owns 20,918 shares of the shipping company’s stock worth $623,000 after acquiring an additional 577 shares in the last quarter. Finally, Amundi lifted its stake in shares of Dorian LPG by 7.6% in the 3rd quarter. Amundi now owns 8,655 shares of the shipping company’s stock valued at $245,000 after purchasing an additional 614 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LPG. Pareto Securities lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Wall Street Zen raised Dorian LPG from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dorian LPG in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $35.00.

About Dorian LPG

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.