SG Americas Securities LLC Grows Position in Dorian LPG Ltd. $LPG

SG Americas Securities LLC raised its position in Dorian LPG Ltd. (NYSE:LPG) by 212.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,071 shares of the shipping company’s stock after purchasing an additional 36,101 shares during the quarter. SG Americas Securities LLC’s holdings in Dorian LPG were worth $1,292,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Dorian LPG in the 3rd quarter worth about $41,000. Sunbelt Securities Inc. purchased a new stake in shares of Dorian LPG during the 3rd quarter valued at about $41,000. NewEdge Advisors LLC raised its holdings in shares of Dorian LPG by 1,003.8% during 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. Citizens National Bank Trust Department purchased a new stake in shares of Dorian LPG during the 3rd quarter valued at about $45,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Dorian LPG by 429.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after buying an additional 1,340 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

Dorian LPG Stock Performance

Shares of NYSE:LPG opened at $33.98 on Wednesday. The company has a market cap of $1.45 billion, a P/E ratio of 11.96 and a beta of 0.59. 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 Ltd. has a one year low of $17.25 and a one year high of $38.40. The business’s 50-day simple moving average is $33.28 and its 200 day simple moving average is $29.10.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Wednesday, February 4th. The shipping company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.06). Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The business had revenue of $119.96 million for the quarter, compared to analysts’ expectations of $115.15 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Dorian LPG’s revenue for the quarter was up 48.7% compared to the same quarter last year. On average, sell-side analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Tuesday, February 24th. Shareholders of record on Monday, February 9th were issued a dividend of $0.70 per share. The ex-dividend date was Monday, February 9th. This represents a yield of 881.0%. Dorian LPG’s payout ratio is currently 35.21%.

Insider Activity at Dorian LPG

In other Dorian LPG news, insider Tim Truels Hansen sold 25,000 shares of Dorian LPG stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $28.85, for a total transaction of $721,250.00. Following the sale, the insider directly owned 212,842 shares in the company, valued at $6,140,491.70. The trade was a 10.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Theodore B. Young sold 10,000 shares of Dorian LPG stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $34.84, for a total value of $348,400.00. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 13.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Dorian LPG Company Profile

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.