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

Dorian LPG Ltd. (NYSE:LPG) insider Tim Truels Hansen sold 20,000 shares of the company’s 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 completion of the sale, the insider directly owned 157,842 shares of the company’s stock, valued at $5,584,449.96. The trade was a 11.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Dorian LPG Trading Up 1.1%

Shares of NYSE LPG opened at $35.17 on Thursday. Dorian LPG Ltd. has a twelve month low of $23.76 and a twelve month high of $48.12. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 7.73 and a beta of 0.62. The company has a quick ratio of 2.65, a current ratio of 2.67 and a debt-to-equity ratio of 0.40. The company’s fifty day moving average is $40.58 and its 200-day moving average is $34.35.

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

Dorian LPG Announces Dividend

The firm also recently declared a special dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a dividend yield of 951.0%. Dorian LPG’s dividend payout ratio (DPR) is currently 21.98%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings upgraded Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Dnb Carnegie upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. 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 report on Friday, May 22nd. Finally, Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LPG. Dimensional Fund Advisors LP increased its holdings in Dorian LPG by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,549,771 shares of the shipping company’s stock worth $87,199,000 after buying an additional 73,754 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Dorian LPG by 12.4% during the 4th quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock worth $45,635,000 after purchasing an additional 207,575 shares during the last quarter. American Century Companies Inc. boosted its stake in Dorian LPG by 6.2% in the 3rd 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 period. Geode Capital Management LLC increased its position in Dorian LPG by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,116,702 shares of the shipping company’s stock worth $27,184,000 after buying an additional 10,480 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Dorian LPG by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,899 shares of the shipping company’s stock worth $16,524,000 after buying an additional 23,974 shares in the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.