State of Wyoming Sells 15,423 Shares of Dorian LPG Ltd. $LPG

State of Wyoming lowered its position in Dorian LPG Ltd. (NYSE:LPG) by 71.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,071 shares of the shipping company’s stock after selling 15,423 shares during the quarter. State of Wyoming’s holdings in Dorian LPG were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Cetera Investment Advisers boosted its position in Dorian LPG by 7.0% during the 1st quarter. Cetera Investment Advisers now owns 32,150 shares of the shipping company’s stock worth $1,100,000 after buying an additional 2,117 shares during the period. First Trust Advisors LP grew its holdings in Dorian LPG by 76.6% during the 1st quarter. First Trust Advisors LP now owns 181,420 shares of the shipping company’s stock worth $6,205,000 after acquiring an additional 78,710 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Dorian LPG by 14.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the shipping company’s stock valued at $89,000 after acquiring an additional 318 shares during the period. Summit Global Investments raised its stake in shares of Dorian LPG by 36.8% during the first quarter. Summit Global Investments now owns 23,256 shares of the shipping company’s stock valued at $795,000 after acquiring an additional 6,256 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Dorian LPG by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,549,771 shares of the shipping company’s stock valued at $87,199,000 after acquiring an additional 73,754 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Insiders Place Their Bets

In other news, insider Tim Truels Hansen sold 20,000 shares of Dorian LPG stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $35.38, for a total value of $707,600.00. Following the completion of the transaction, the insider directly owned 157,842 shares of the company’s stock, valued at approximately $5,584,449.96. This trade represents a 11.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ted Kalborg sold 15,373 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $45.06, for a total value of $692,707.38. Following the completion of the transaction, the director directly owned 66,348 shares in the company, valued at $2,989,640.88. This represents a 18.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 13.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Weiss Ratings upgraded shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Dnb Carnegie raised Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Freedom Capital lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Wall Street Zen raised Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Finally, Pareto Securities reiterated a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Dorian LPG Stock Up 1.2%

Dorian LPG stock opened at $46.27 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.65 and a current ratio of 2.67. Dorian LPG Ltd. has a 52-week low of $23.76 and a 52-week high of $48.12. The firm has a 50 day moving average price of $41.32 and a two-hundred day moving average price of $36.82. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 10.17 and a beta of 0.66.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Tuesday, May 19th. The shipping company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $128.87 million. During the same period in the prior year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 102.0% on a year-over-year basis.

Dorian LPG Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, August 12th. Investors of record on Monday, July 27th will be issued a $1.00 dividend. The ex-dividend date is Monday, July 27th.

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.