Dorian LPG (NYSE:LPG) CFO Theodore Young Sells 5,000 Shares of Stock

Dorian LPG Ltd. (NYSE:LPG) CFO Theodore Young sold 5,000 shares of Dorian LPG stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $54.01, for a total value of $270,050.00. Following the completion of the sale, the chief financial officer owned 119,713 shares in the company, valued at $6,465,699.13. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Dorian LPG Stock Performance

Shares of Dorian LPG stock opened at $53.54 on Thursday. Dorian LPG Ltd. has a 52 week low of $23.76 and a 52 week high of $55.28. The business’s fifty day simple moving average is $45.85 and its 200-day simple moving average is $40.59. The firm has a market cap of $2.29 billion, a PE ratio of 7.09 and a beta of 0.61. The company has a quick ratio of 3.24, a current ratio of 3.26 and a debt-to-equity ratio of 0.28.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Tuesday, August 4th. The shipping company reported $2.52 earnings per share (EPS) for the quarter, topping 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 company’s quarterly revenue was up 123.1% on a year-over-year basis. During the same period last year, the company earned $0.27 EPS.

Dorian LPG Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LPG shares. 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 note on Friday, May 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dorian LPG in a research report on Tuesday, August 25th. Freedom Capital upgraded Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Finally, Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Dorian LPG presently has a consensus rating of “Buy” and a consensus price target of $55.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LPG. Public Employees Retirement System of Ohio acquired a new position in shares of Dorian LPG in the second quarter valued at approximately $37,000. KBC Group NV acquired a new stake in Dorian LPG during the 1st quarter worth approximately $38,000. Allworth Financial LP lifted 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 buying an additional 479 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in Dorian LPG in the 3rd quarter valued at approximately $41,000. Finally, NewEdge Advisors LLC boosted its position 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 valued at $32,000 after buying an additional 1,315 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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.