Segall Bryant & Hamill LLC Invests $1.25 Million in Dorian LPG Ltd. $LPG

Segall Bryant & Hamill LLC acquired a new position in Dorian LPG Ltd. (NYSE:LPG) during the 1st quarter, HoldingsChannel reports. The fund acquired 36,466 shares of the shipping company’s stock, valued at approximately $1,247,000.

Other large investors have also bought and sold shares of the company. KBC Group NV bought a new stake in shares of Dorian LPG in the 1st quarter valued at about $38,000. Sunbelt Securities Inc. bought a new position in shares of Dorian LPG during the third quarter worth about $41,000. NewEdge Advisors LLC lifted its stake in shares of Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock worth $32,000 after acquiring an additional 1,315 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Dorian LPG by 429.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock worth $40,000 after acquiring an additional 1,340 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in Dorian LPG in the fourth quarter valued at approximately $49,000. 62.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on LPG. Freedom Capital lowered shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 22nd. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings raised Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 28th. Finally, Pareto Securities reissued a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Insider Buying and Selling

In related news, insider Tim Truels Hansen sold 20,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $35.38, for a total value of $707,600.00. Following the transaction, the insider directly owned 157,842 shares in the company, valued at $5,584,449.96. This trade represents a 11.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ted Kalborg sold 15,373 shares of Dorian LPG stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $45.06, for a total transaction of $692,707.38. Following the completion of the sale, the director directly owned 66,348 shares of the company’s stock, valued at approximately $2,989,640.88. The trade was a 18.81% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 13.50% of the company’s stock.

Dorian LPG Trading Down 1.1%

LPG opened at $43.05 on Thursday. Dorian LPG Ltd. has a 1-year low of $23.76 and a 1-year high of $48.12. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.84 billion, a P/E ratio of 9.46 and a beta of 0.65. The company has a fifty day moving average price of $41.29 and a two-hundred day moving average price of $37.28.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Wednesday, August 5th. The shipping company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.40. The firm had revenue of $187.88 million for the quarter, compared to analyst estimates of $160.78 million. Dorian LPG had a net margin of 40.22% and a return on equity of 18.01%. The business’s quarterly revenue was up 123.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share.

Dorian LPG Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, August 12th. Shareholders of record on Monday, July 27th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, July 27th.

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.