Dorian LPG (NYSE:LPG) CEO John Hadjipateras Buys 15,000 Shares of Stock

Dorian LPG Ltd. (NYSE:LPG) CEO John Hadjipateras bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were acquired at an average price of $27.30 per share, with a total value of $409,500.00. Following the purchase, the chief executive officer owned 153,500 shares of the company’s stock, valued at $4,190,550. The trade was a 10.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Dorian LPG Stock Down 2.3%

LPG stock opened at $27.22 on Friday. The stock has a market cap of $1.17 billion, a P/E ratio of 12.20 and a beta of 0.59. The company has a current ratio of 3.32, a quick ratio of 3.30 and a debt-to-equity ratio of 0.44. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $32.79. The company’s 50 day moving average is $25.48 and its two-hundred day moving average is $27.87.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Wednesday, November 5th. The shipping company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.09). Dorian LPG had a return on equity of 9.13% and a net margin of 26.02%.The company had revenue of $124.06 million for the quarter, compared to analyst estimates of $126.99 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. Dorian LPG’s revenue was up 50.6% compared to the same quarter last year. Research analysts expect that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were given a $0.65 dividend. This is a boost from Dorian LPG’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 9.6%.

Analyst Ratings Changes

Several research firms have recently weighed in on LPG. Wall Street Zen raised Dorian LPG from a “hold” rating to a “buy” rating in a report on Saturday, January 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Dorian LPG in a research report on Monday, December 29th. Finally, Pareto Securities downgraded shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in Dorian LPG during the 2nd quarter valued at about $29,000. Evermay Wealth Management LLC purchased a new position in shares of Dorian LPG during the 2nd quarter worth approximately $32,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Dorian LPG during the 3rd quarter worth approximately $41,000. Sunbelt Securities Inc. purchased a new stake in Dorian LPG in the 3rd quarter valued at approximately $41,000. Finally, NewEdge Advisors LLC grew its holdings in Dorian LPG by 1,003.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after buying an additional 1,315 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.