Insider Selling: Dorian LPG (NYSE:LPG) Insider Sells $2,656,000.00 in Stock

Dorian LPG Ltd. (NYSE:LPG) insider Tim Hansen sold 50,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $53.12, for a total value of $2,656,000.00. Following the sale, the insider owned 107,675 shares in the company, valued at $5,719,696. The trade was a 31.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Tim Truels Hansen also recently made the following trade(s):

• On Tuesday, August 11th, Tim Hansen sold 25,000 shares of Dorian LPG stock. The stock was sold at an average price of $45.04, for a total value of $1,126,000.00.
• On Tuesday, June 30th, Tim Hansen sold 20,000 shares of Dorian LPG stock. The stock was sold at an average price of $35.38, for a total value of $707,600.00.

Dorian LPG Trading Up 1.3%

NYSE LPG opened at $54.35 on Friday. Dorian LPG Ltd. has a 12 month low of $23.76 and a 12 month high of $55.28. The company has a current ratio of 3.26, a quick ratio of 3.24 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $46.21 and a 200-day moving average of $40.73. The company has a market cap of $2.33 billion, a PE ratio of 7.20 and a beta of 0.61.

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

Dorian LPG Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LPG. Freedom Capital upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Pareto Securities reissued a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Jefferies Financial Group upped their price objective on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Dnb Carnegie raised Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $55.00.

Hedge Funds Weigh In On Dorian LPG

Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Dorian LPG by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,549,771 shares of the shipping company’s stock worth $87,199,000 after buying an additional 73,754 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Dorian LPG by 12.4% during the 4th quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock worth $45,635,000 after buying an additional 207,575 shares during the period. California State Teachers Retirement System grew its stake in Dorian LPG by 3,299.8% in the 2nd quarter. California State Teachers Retirement System now owns 1,765,641 shares of the shipping company’s stock valued at $61,409,000 after buying an additional 1,713,708 shares during the last quarter. Geode Capital Management LLC grew its stake in Dorian LPG by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,116,702 shares of the shipping company’s stock valued at $27,184,000 after buying an additional 10,480 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Dorian LPG by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,899 shares of the shipping company’s stock valued at $16,524,000 after acquiring an additional 23,974 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.