Dorian LPG (NYSE:LPG) Shares Down 5.4% – Time to Sell?

Shares of Dorian LPG Ltd. (NYSE:LPG) fell 5.4% during mid-day trading on Thursday . The stock traded as low as $38.63 and last traded at $38.4650. Approximately 169,835 shares were traded during mid-day trading, a decline of 72% from the average session volume of 608,911 shares. The stock had previously closed at $40.65.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LPG shares. Dnb Carnegie raised Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Wall Street Zen raised Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Jefferies Financial Group increased their price objective on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded Dorian LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 28th. Finally, Freedom Capital lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Dorian LPG Stock Performance

The firm has a market cap of $1.71 billion, a P/E ratio of 8.79 and a beta of 0.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.65 and a current ratio of 2.67. The business’s 50-day simple moving average is $40.73 and its 200 day simple moving average is $34.94.

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

Dorian LPG Dividend Announcement

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

Insider Transactions at Dorian LPG

In other Dorian LPG news, Director Ted Kalborg sold 15,373 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was 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 in the company, valued at $2,989,640.88. The trade was a 18.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tim Truels Hansen sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $35.38, for a total transaction of $707,600.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. 13.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dorian LPG

A number of institutional investors and hedge funds have recently made changes to their positions in LPG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Dorian LPG by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company’s stock valued at $483,000 after buying an additional 914 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Dorian LPG by 1,003.8% during the 1st 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Dorian LPG by 50.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,039 shares of the shipping company’s stock worth $3,977,000 after acquiring an additional 59,311 shares during the last quarter. Jane Street Group LLC grew its position in shares of Dorian LPG by 130.6% during the 1st quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company’s stock valued at $2,990,000 after acquiring an additional 75,818 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of Dorian LPG by 12.7% during the 2nd quarter. Cetera Investment Advisers now owns 13,613 shares of the shipping company’s stock valued at $332,000 after acquiring an additional 1,539 shares during the period. Hedge funds and other institutional investors 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.