Dorian LPG (NYSE:LPG) Insider Tim Truels Hansen Sells 25,000 Shares

Dorian LPG Ltd. (NYSE:LPG) insider Tim Truels Hansen sold 25,000 shares of Dorian LPG stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $45.04, for a total value of $1,126,000.00. Following the sale, the insider owned 157,675 shares in the company, valued at $7,101,682. This trade represents a 13.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Tim Truels Hansen also recently made the following trade(s):

• On Tuesday, June 30th, Tim Truels Hansen sold 20,000 shares of Dorian LPG stock. The stock was sold at an average price of $35.38, for a total transaction of $707,600.00.

Dorian LPG Trading Up 4.3%

Shares of Dorian LPG stock opened at $44.89 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.24 and a current ratio of 3.26. The company has a market capitalization of $1.92 billion, a P/E ratio of 5.95 and a beta of 0.65. Dorian LPG Ltd. has a 1 year low of $23.76 and a 1 year high of $48.12. The company’s fifty day moving average is $41.64 and its two-hundred day moving average is $37.84.

Dorian LPG (NYSE:LPG) last announced its earnings results on Tuesday, August 4th. The shipping company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.40. The business had revenue of $187.88 million during the quarter, compared to the consensus estimate of $160.78 million. Dorian LPG had a net margin of 55.00% and a return on equity of 25.69%. 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 firm earned $0.27 earnings per share.

Dorian LPG Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LPG shares. Dnb Carnegie upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Wall Street Zen upgraded shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Freedom Capital upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Pareto Securities restated a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. Finally, Jefferies Financial Group raised their target price on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Dorian LPG presently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Institutional Trading of Dorian LPG

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of Dorian LPG by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,549,771 shares of the shipping company’s stock valued at $87,199,000 after buying an additional 73,754 shares in the last quarter. Vanguard Group Inc. grew its holdings in Dorian LPG by 12.4% during the fourth quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company’s stock worth $45,635,000 after acquiring an additional 207,575 shares during the period. Geode Capital Management LLC raised its position in Dorian LPG by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,116,702 shares of the shipping company’s stock worth $27,184,000 after acquiring an additional 10,480 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Dorian LPG by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,899 shares of the shipping company’s stock worth $16,524,000 after acquiring an additional 23,974 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Dorian LPG by 55.8% in the third quarter. Millennium Management LLC now owns 572,315 shares of the shipping company’s stock valued at $17,055,000 after acquiring an additional 204,861 shares during the period. 62.50% of the stock is 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.