Insider Selling: Dorian LPG (NYSE:LPG) Insider Sells $1,126,000.00 in Stock

Dorian LPG Ltd. (NYSE:LPG) insider Tim Truels Hansen sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $45.04, for a total transaction of $1,126,000.00. Following the sale, the insider directly owned 157,675 shares of the company’s stock, valued at approximately $7,101,682. This trade represents a 13.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Tim Truels Hansen also recently made the following trade(s):

• On Tuesday, June 30th, Tim Truels Hansen sold 20,000 shares of Dorian LPG stock. The shares were sold at an average price of $35.38, for a total transaction of $707,600.00.

Dorian LPG Price Performance

LPG opened at $47.26 on Friday. 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 Ltd. has a 52-week low of $23.76 and a 52-week high of $48.12. The company has a 50 day moving average of $41.85 and a two-hundred day moving average of $38.03. The company has a market cap of $2.02 billion, a P/E ratio of 6.26 and a beta of 0.65.

Dorian LPG (NYSE:LPG) last issued its earnings results on Tuesday, August 4th. The shipping company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.40. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. The business had revenue of $187.88 million for the quarter, compared to the consensus estimate of $160.78 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue for the quarter was up 123.1% compared to the same quarter last year.

Dorian LPG Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership bought a new stake in shares of Dorian LPG in the 1st quarter worth about $11,929,000. AQR Capital Management LLC grew its stake in Dorian LPG by 236.7% in the second quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company’s stock worth $10,373,000 after purchasing an additional 299,107 shares in the last quarter. Bank of America Corp DE grew its stake in Dorian LPG by 136.2% in the second quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company’s stock worth $8,996,000 after purchasing an additional 212,787 shares in the last quarter. Vanguard Group Inc. increased its holdings in Dorian LPG by 12.4% in the fourth quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock valued at $45,635,000 after buying an additional 207,575 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Dorian LPG by 55.8% in the third quarter. Millennium Management LLC now owns 572,315 shares of the shipping company’s stock valued at $17,055,000 after buying an additional 204,861 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on LPG shares. Jefferies Financial Group increased their price objective 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. Freedom Capital raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Pareto Securities restated a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings raised shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $55.00.

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.