Insider Selling: Dorian LPG (NYSE:LPG) Director Sells 15,373 Shares of Stock
by Renee Jackson · The Cerbat GemDorian LPG Ltd. (NYSE:LPG – Get Free Report) Director Ted Kalborg sold 15,373 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 66,348 shares in the company, valued at $2,989,640.88. The trade was a 18.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Dorian LPG Trading Down 3.3%
LPG stock traded down $1.54 during midday trading on Tuesday, reaching $44.92. 1,071,266 shares of the company’s stock traded hands, compared to its average volume of 562,980. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.67 and a quick ratio of 2.40. Dorian LPG Ltd. has a fifty-two week low of $20.60 and a fifty-two week high of $48.12. The business has a 50-day moving average price of $37.30 and a two-hundred day moving average price of $31.59. The company has a market capitalization of $1.92 billion, a P/E ratio of 9.87 and a beta of 0.63.
Dorian LPG (NYSE:LPG – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The shipping company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.48. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. The company had revenue of $153.27 million during the quarter, compared to analyst estimates of $128.87 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The business’s quarterly revenue was up 102.0% compared to the same quarter last year.
Dorian LPG Announces Dividend
The firm also recently declared a special dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 18th will be given a dividend of $1.00 per share. This represents a yield of 951.0%. The ex-dividend date of this dividend is Monday, May 18th. Dorian LPG’s dividend payout ratio is 21.98%.
Institutional Investors Weigh In On Dorian LPG
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LPG. NewEdge Advisors LLC lifted its holdings in Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after buying an additional 1,315 shares in the last quarter. KBC Group NV acquired a new stake in shares of Dorian LPG during the first quarter valued at about $38,000. EverSource Wealth Advisors LLC increased its position in shares of Dorian LPG by 429.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after acquiring an additional 1,340 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Dorian LPG during the third quarter worth about $41,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Dorian LPG in the third quarter worth about $41,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.
Analyst Ratings Changes
Several research firms have commented on LPG. Wall Street Zen raised Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Freedom Capital downgraded Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Dorian LPG in a research report on Wednesday, April 22nd. Finally, Pareto Securities restated a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $55.00.
View Our Latest Research Report on Dorian LPG
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.