Dorian LPG (NYSE:LPG) Insider Tim Truels Hansen Sells 25,000 Shares of Stock

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

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 stock was sold at an average price of $35.38, for a total transaction of $707,600.00.

Dorian LPG Stock Performance

LPG opened at $45.65 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.24 and a current ratio of 3.26. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 6.05 and a beta of 0.65. The company has a fifty day moving average of $41.74 and a 200 day moving average of $37.97. Dorian LPG Ltd. has a fifty-two week low of $23.76 and a fifty-two week high of $48.12.

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

Dorian LPG Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, August 12th. Investors 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.

Hedge Funds Weigh In On Dorian LPG

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in Dorian LPG by 14.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the shipping company’s stock valued at $89,000 after buying an additional 318 shares during the period. IHT Wealth Management LLC boosted its stake in Dorian LPG by 2.1% during the fourth quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company’s stock worth $433,000 after buying an additional 365 shares during the period. WINTON GROUP Ltd increased its position in Dorian LPG by 0.8% during the fourth quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company’s stock valued at $1,087,000 after acquiring an additional 373 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Dorian LPG by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock valued at $324,000 after acquiring an additional 390 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in shares of Dorian LPG by 2.8% in the third quarter. Vident Advisory LLC now owns 20,918 shares of the shipping company’s stock valued at $623,000 after acquiring an additional 577 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LPG. Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a report on Thursday, May 21st. Weiss Ratings raised shares of Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Freedom Capital upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. 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. Finally, Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One equities 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

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.