Dorian LPG (NYSE:LPG) CFO Theodore Young Sells 11,919 Shares of Stock

Dorian LPG Ltd. (NYSE:LPG) CFO Theodore Young sold 11,919 shares of Dorian LPG stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $54.50, for a total value of $649,585.50. Following the transaction, the chief financial officer directly owned 107,794 shares in the company, valued at approximately $5,874,773. The trade was a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Dorian LPG Trading Up 1.4%

Shares of NYSE:LPG opened at $55.19 on Friday. The stock has a 50 day moving average of $46.59 and a 200 day moving average of $40.83. The company has a market cap of $2.36 billion, a PE ratio of 7.31 and a beta of 0.61. Dorian LPG Ltd. has a 12-month low of $23.76 and a 12-month high of $55.49. The company has a current ratio of 3.26, a quick ratio of 3.24 and a debt-to-equity ratio of 0.28.

Dorian LPG (NYSE:LPG) last released its earnings results on Tuesday, August 4th. The shipping company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.40. The company 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 firm’s revenue was up 123.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS.

Dorian LPG Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Freedom Capital raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Jefferies Financial Group raised their price target on Dorian LPG from $42.00 to $55.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Pareto Securities restated a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dorian LPG in a research note on Tuesday, August 25th. Finally, Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $55.00.

Hedge Funds Weigh In On Dorian LPG

Institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC raised its position in shares of Dorian LPG by 4.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,341 shares of the shipping company’s stock valued at $255,000 after buying an additional 307 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Dorian LPG by 14.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the shipping company’s stock worth $89,000 after acquiring an additional 318 shares during the last quarter. IHT Wealth Management LLC raised its position 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 valued at $433,000 after purchasing an additional 365 shares during the period. WINTON GROUP Ltd raised 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 purchasing an additional 373 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Dorian LPG by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock valued at $324,000 after purchasing an additional 390 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

Dorian LPG Company Profile

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates very large gas carriers (VLGCs). The company primarily transports liquefied petroleum gas (LPG), including propane and butane, for energy producers, commodity traders and other customers in international markets.

Dorian LPG’s fleet is designed for the ocean transportation of LPG between major exporting and importing regions. Its vessels support global trade routes linking LPG-producing areas, including the United States and the Middle East, with demand centers in Asia, Europe and other regions.