Theodore Young Sells 10,000 Shares of Dorian LPG (NYSE:LPG) Stock

Dorian LPG Ltd. (NYSE:LPG) CFO Theodore Young sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total transaction of $348,400.00. Following the completion of the transaction, the chief financial officer owned 122,926 shares in the company, valued at approximately $4,282,741.84. This trade represents a 7.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Dorian LPG Trading Down 0.6%

Shares of Dorian LPG stock traded down $0.22 during mid-day trading on Thursday, hitting $35.18. 382,425 shares of the stock were exchanged, compared to its average volume of 572,852. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 12.39 and a beta of 0.58. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $35.82. The company has a current ratio of 2.41, a quick ratio of 2.40 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $27.90 and a 200 day simple moving average of $28.41.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Thursday, February 5th. The shipping company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.06). Dorian LPG had a net margin of 29.88% and a return on equity of 11.82%. The firm had revenue of $118.23 million for the quarter, compared to analysts’ expectations of $115.15 million. During the same period in the previous year, the company posted $0.43 EPS. The business’s quarterly revenue was up 48.7% on a year-over-year basis. Research analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Monday, February 9th will be paid a dividend of $0.70 per share. This represents a dividend yield of 881.0%. The ex-dividend date of this dividend is Monday, February 9th.

Institutional Investors Weigh In On Dorian LPG

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in shares of Dorian LPG by 1,003.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after purchasing an additional 1,315 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Dorian LPG by 429.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after buying an additional 1,340 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Dorian LPG during the third quarter valued at approximately $41,000. Sunbelt Securities Inc. acquired a new position in Dorian LPG during the third quarter valued at approximately $41,000. Finally, Citizens National Bank Trust Department purchased a new stake in Dorian LPG during the third quarter worth approximately $45,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LPG has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Pareto Securities lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Dnb Carnegie raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” 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.