Tudor Investment Corp ET AL Has $7.64 Million Stock Holdings in Dorian LPG Ltd. $LPG

Tudor Investment Corp ET AL boosted its position in Dorian LPG Ltd. (NYSE:LPG) by 425.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,216 shares of the shipping company’s stock after buying an additional 207,450 shares during the period. Tudor Investment Corp ET AL’s holdings in Dorian LPG were worth $7,635,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after acquiring an additional 1,315 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 valued at $40,000 after acquiring an additional 1,340 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Dorian LPG during the third quarter worth approximately $41,000. Sunbelt Securities Inc. acquired a new position in shares of Dorian LPG during the third quarter worth approximately $41,000. Finally, Citizens National Bank Trust Department bought a new position in shares of Dorian LPG in the 3rd quarter worth $45,000. 62.50% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dorian LPG

In other news, CFO Theodore B. Young sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total value of $348,400.00. Following the completion of the sale, the chief financial officer owned 122,926 shares in the company, valued at $4,282,741.84. This represents a 7.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John C. Hadjipateras bought 15,000 shares of the stock in a transaction dated Wednesday, January 7th. The stock was purchased at an average price of $27.30 per share, with a total value of $409,500.00. Following the acquisition, the chief executive officer owned 153,500 shares of the company’s stock, valued at $4,190,550. The trade was a 10.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 13.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Dorian LPG in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Dorian LPG from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 22nd. Finally, Dnb Carnegie lowered shares of Dorian LPG from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.00.

Dorian LPG Stock Performance

Shares of LPG opened at $33.26 on Tuesday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 11.71 and a beta of 0.53. Dorian LPG Ltd. has a 52 week low of $16.66 and a 52 week high of $38.40. The stock has a 50 day moving average price of $32.05 and a two-hundred day moving average price of $28.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41.

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

Dorian LPG Announces Dividend

The business also recently declared a special dividend, which was paid on Tuesday, February 24th. Investors of record on Monday, February 9th were given a $0.70 dividend. This represents a yield of 881.0%. The ex-dividend date of this dividend was Monday, February 9th.

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.