Insider Selling: Dorian LPG (NYSE:LPG) Insider Sells 25,000 Shares of Stock

by · The Cerbat Gem

Dorian LPG Ltd. (NYSE:LPGGet Free Report) insider Tim Truels Hansen sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total transaction of $721,250.00. Following the completion of the sale, the insider owned 212,842 shares of the company’s stock, valued at approximately $6,140,491.70. This trade represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Dorian LPG Stock Down 2.1%

Shares of LPG stock traded down $0.59 during trading hours on Thursday, reaching $28.03. 608,622 shares of the company’s stock were exchanged, compared to its average volume of 535,666. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $32.79. The stock’s 50 day moving average is $25.59 and its 200-day moving average is $28.08. The company has a current ratio of 3.32, a quick ratio of 3.30 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 12.57 and a beta of 0.59.

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

Dorian LPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend was Monday, November 17th. This is an increase from Dorian LPG’s previous quarterly dividend of $0.60.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its position in shares of Dorian LPG by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock worth $324,000 after acquiring an additional 390 shares during the last quarter. CoreCap Advisors LLC increased its position in Dorian LPG by 18.7% in the 4th quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company’s stock valued at $80,000 after acquiring an additional 514 shares during the period. Moors & Cabot Inc. increased its position in Dorian LPG by 3.4% in the 2nd quarter. Moors & Cabot Inc. now owns 16,858 shares of the shipping company’s stock valued at $411,000 after acquiring an additional 550 shares during the period. Vident Advisory LLC raised its stake in Dorian LPG by 2.8% during the 3rd quarter. Vident Advisory LLC now owns 20,918 shares of the shipping company’s stock valued at $623,000 after acquiring an additional 577 shares during the last quarter. Finally, Amundi lifted its position in Dorian LPG by 7.6% during the 3rd quarter. Amundi now owns 8,655 shares of the shipping company’s stock worth $245,000 after acquiring an additional 614 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LPG has been the subject of a number of research analyst reports. Pareto Securities cut shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. Finally, Wall Street Zen raised Dorian LPG from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $35.00.

Get Our Latest Analysis on Dorian LPG

Dorian LPG Company Profile

(Get Free Report)

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.

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