Insider Selling: Dorian LPG (NYSE:LPG) CFO Sells $483,563.25 in Stock

Dorian LPG Ltd. (NYSE:LPG) CFO Theodore Young sold 9,081 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $53.25, for a total value of $483,563.25. Following the sale, the chief financial officer owned 124,713 shares of the company’s stock, valued at approximately $6,640,967.25. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dorian LPG Trading Up 1.4%

Shares of LPG opened at $55.19 on Friday. Dorian LPG Ltd. has a twelve month low of $23.76 and a twelve month high of $55.49. The firm has a market capitalization of $2.36 billion, a P/E ratio of 7.31 and a beta of 0.61. 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’s fifty day simple moving average is $46.59 and its 200 day simple moving average is $40.83.

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, beating analysts’ consensus estimates of $2.12 by $0.40. The firm had revenue of $187.88 million during the quarter, compared to the consensus estimate of $160.78 million. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%.The firm’s quarterly revenue was up 123.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share.

Dorian LPG Dividend Announcement

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

Institutional Trading of Dorian LPG

Several large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its stake in shares of Dorian LPG by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 7,341 shares of the shipping company’s stock worth $255,000 after acquiring an additional 307 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Dorian LPG during the 2nd quarter valued at approximately $57,000. Allworth Financial LP increased its holdings in Dorian LPG by 65.9% during the 2nd quarter. Allworth Financial LP now owns 1,206 shares of the shipping company’s stock worth $42,000 after purchasing an additional 479 shares during the last quarter. Corient Private Wealth LP purchased a new stake in Dorian LPG during the 2nd quarter worth approximately $253,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Dorian LPG in the 2nd quarter valued at approximately $1,478,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on LPG shares. Jefferies Financial Group raised their price target on shares of Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Freedom Capital raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Pareto Securities reissued a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday, August 25th. Finally, Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $55.00.

Dorian LPG Company Profile

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates very large gas carriers (VLGCs). The company primarily transports liquefied petroleum gas (LPG), including propane and butane, for energy producers, commodity traders and other customers in international markets.

Dorian LPG’s fleet is designed for the ocean transportation of LPG between major exporting and importing regions. Its vessels support global trade routes linking LPG-producing areas, including the United States and the Middle East, with demand centers in Asia, Europe and other regions.