SG Americas Securities LLC Lowers Stake in Dorian LPG Ltd. $LPG

SG Americas Securities LLC cut its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 67.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 17,464 shares of the shipping company’s stock after selling 35,607 shares during the period. SG Americas Securities LLC’s holdings in Dorian LPG were worth $597,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Dorian LPG by 236.7% in the 2nd quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock valued at $10,373,000 after purchasing an additional 299,107 shares in the last quarter. Bank of America Corp DE increased its position in Dorian LPG by 136.2% during the 2nd quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company’s stock worth $8,996,000 after purchasing an additional 212,787 shares in the last quarter. Vanguard Group Inc. raised its holdings in Dorian LPG by 12.4% in the fourth quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock valued at $45,635,000 after buying an additional 207,575 shares during the period. Tudor Investment Corp ET AL raised its holdings in Dorian LPG by 425.4% in the third quarter. Tudor Investment Corp ET AL now owns 256,216 shares of the shipping company’s stock valued at $7,635,000 after buying an additional 207,450 shares during the period. Finally, Millennium Management LLC lifted its position in Dorian LPG by 55.8% during the third quarter. Millennium Management LLC now owns 572,315 shares of the shipping company’s stock valued at $17,055,000 after buying an additional 204,861 shares in the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Stock Up 3.3%

Shares of Dorian LPG stock opened at $39.04 on Wednesday. Dorian LPG Ltd. has a 1-year low of $23.76 and a 1-year high of $48.12. The company has a market capitalization of $1.67 billion, a PE ratio of 8.58 and a beta of 0.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.67 and a quick ratio of 2.65. The business has a 50-day moving average of $40.65 and a 200-day moving average of $34.70.

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

Dorian LPG Dividend Announcement

The firm also recently announced a special dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were given a $1.00 dividend. This represents a dividend yield of 951.0%. The ex-dividend date of this dividend was Monday, May 18th.

Insider Activity at Dorian LPG

In related news, insider Tim Truels Hansen sold 20,000 shares of Dorian LPG 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. The trade was a 11.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ted Kalborg sold 15,373 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $45.06, for a total transaction of $692,707.38. Following the transaction, the director owned 66,348 shares in the company, valued at $2,989,640.88. This trade represents a 18.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 13.60% of the company’s stock.

Wall Street Analysts Forecast Growth

LPG has been the subject of several recent research reports. Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Wall Street Zen upgraded shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Weiss Ratings raised shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Freedom Capital downgraded Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Friday, May 22nd. Finally, Pareto Securities reissued a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Dorian LPG currently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

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.