Tim Truels Hansen Sells 20,000 Shares of Dorian LPG (NYSE:LPG) Stock

Dorian LPG Ltd. (NYSE:LPG) insider Tim Truels Hansen sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total transaction of $707,600.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dorian LPG Trading Up 2.6%

Dorian LPG stock opened at $36.06 on Friday. Dorian LPG Ltd. has a 1 year low of $23.76 and a 1 year high of $48.12. The firm’s 50 day moving average price is $40.59 and its 200-day moving average price is $34.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.67 and a quick ratio of 2.65. The stock has a market cap of $1.54 billion, a P/E ratio of 7.93 and a beta of 0.66.

Dorian LPG (NYSE:LPG) last issued its earnings results on Tuesday, May 19th. The shipping company reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.48. The firm had revenue of $153.27 million during the quarter, compared to analyst estimates of $128.87 million. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. Dorian LPG’s revenue for the quarter was up 102.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 earnings per share.

Dorian LPG Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were issued a dividend of $1.00 per share. This represents a dividend yield of 951.0%. The ex-dividend date of this dividend was Monday, May 18th.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LPG shares. Wall Street Zen raised Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Freedom Capital downgraded Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Weiss Ratings raised shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, Jefferies Financial Group upped 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. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Dorian LPG has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Institutional Investors Weigh In On Dorian LPG

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its stake in shares of 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 purchasing an additional 1,315 shares during the last quarter. KBC Group NV bought a new position in shares of Dorian LPG during the 1st quarter valued at approximately $38,000. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 1,340 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Dorian LPG during the 3rd quarter valued at $41,000. Finally, Sunbelt Securities Inc. purchased a new stake in Dorian LPG during the 3rd quarter valued at $41,000. 62.50% of the stock is owned by institutional investors.

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.