Theodore Young Sells 11,919 Shares of Dorian LPG (NYSE:LPG) Stock

Dorian LPG Ltd. (NYSE:LPG) CFO Theodore Young sold 11,919 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $54.50, for a total transaction of $649,585.50. Following the sale, the chief financial officer owned 107,794 shares of the company’s stock, valued at approximately $5,874,773. The trade was a 9.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dorian LPG Price Performance

Dorian LPG stock opened at $55.19 on Friday. Dorian LPG Ltd. has a 12 month low of $23.76 and a 12 month high of $55.49. 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 business’s 50 day simple moving average is $46.59 and its 200 day simple moving average is $40.83. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 7.31 and a beta of 0.61.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Tuesday, August 4th. The shipping company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.40. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%.The business had revenue of $187.88 million during the quarter, compared to analyst estimates of $160.78 million. During the same period in the prior year, the company earned $0.27 earnings per share. Dorian LPG’s revenue was up 123.1% compared to the same quarter last year.

Dorian LPG Dividend Announcement

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

Institutional Trading of Dorian LPG

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Dorian LPG by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 7,341 shares of the shipping company’s stock worth $255,000 after purchasing an additional 307 shares during the period. PNC Financial Services Group Inc. increased its holdings in Dorian LPG by 14.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the shipping company’s stock valued at $89,000 after purchasing an additional 318 shares during the period. IHT Wealth Management LLC increased its holdings in Dorian LPG by 2.1% during the 4th quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company’s stock valued at $433,000 after purchasing an additional 365 shares during the period. WINTON GROUP Ltd raised its position in Dorian LPG by 0.8% during the 4th quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock valued at $1,087,000 after purchasing an additional 373 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Dorian LPG by 3.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock valued at $324,000 after purchasing an additional 390 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LPG shares. Wall Street Zen upgraded shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Jefferies Financial Group boosted their price target on shares of Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday, August 25th. Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Freedom Capital upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus 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.