Insider Selling: Dorian LPG (NYSE:LPG) Director Sells $692,707.38 in Stock

Dorian LPG Ltd. (NYSE:LPG) Director Ted Kalborg sold 15,373 shares of Dorian LPG stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $45.06, for a total value of $692,707.38. Following the completion of the sale, the director directly owned 66,348 shares in the company, valued at $2,989,640.88. This represents a 18.81% 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 Down 4.0%

Shares of LPG stock opened at $41.71 on Friday. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.40. Dorian LPG Ltd. has a 1 year low of $20.60 and a 1 year high of $48.12. The firm’s fifty day moving average price is $37.75 and its two-hundred day moving average price is $31.80. The firm has a market capitalization of $1.78 billion, a P/E ratio of 9.17 and a beta of 0.63.

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

Dorian LPG Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LPG shares. Wall Street Zen raised Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dorian LPG in a research report on Wednesday, April 22nd. Jefferies Financial Group lifted their target price on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Dnb Carnegie raised Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Dorian LPG presently has an average rating of “Hold” and a consensus price target of $55.00.

Hedge Funds Weigh In On Dorian LPG

A number of institutional investors have recently bought and sold shares of the business. American Century Companies Inc. grew its position in shares of Dorian LPG by 6.2% in the third quarter. American Century Companies Inc. now owns 1,697,048 shares of the shipping company’s stock valued at $50,572,000 after purchasing an additional 99,485 shares during the last quarter. Tudor Investment Corp ET AL grew its position in shares of Dorian LPG by 425.4% in the third quarter. Tudor Investment Corp ET AL now owns 256,216 shares of the shipping company’s stock valued at $7,635,000 after purchasing an additional 207,450 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Dorian LPG by 212.7% in the fourth quarter. SG Americas Securities LLC now owns 53,071 shares of the shipping company’s stock valued at $1,292,000 after purchasing an additional 36,101 shares during the last quarter. Unison Advisors LLC acquired a new position in shares of Dorian LPG in the fourth quarter valued at approximately $711,000. Finally, Avior Wealth Management LLC acquired a new stake in Dorian LPG during the fourth quarter worth approximately $439,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.