Dorian LPG (NYSE:LPG) Insider Tim Truels Hansen Sells 50,000 Shares of Stock

Dorian LPG Ltd. (NYSE:LPG) insider Tim Hansen sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $53.12, for a total value of $2,656,000.00. Following the transaction, the insider owned 107,675 shares in the company, valued at approximately $5,719,696. This trade represents a 31.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, August 11th, Tim Hansen sold 25,000 shares of Dorian LPG stock. The shares were sold at an average price of $45.04, for a total value of $1,126,000.00.
• On Tuesday, June 30th, Tim Hansen sold 20,000 shares of Dorian LPG stock. The shares were sold at an average price of $35.38, for a total value of $707,600.00.

Dorian LPG Stock Performance

NYSE:LPG opened at $55.19 on Friday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 7.31 and a beta of 0.61. Dorian LPG Ltd. has a fifty-two week low of $23.76 and a fifty-two week high of $55.49. 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 stock has a fifty day moving average price of $46.59 and a 200-day moving average price of $40.83.

Dorian LPG (NYSE:LPG) last issued its quarterly 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 return on equity of 25.69% and a net margin of 55.00%.Dorian LPG’s revenue was up 123.1% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share.

Dorian LPG Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, August 12th. Shareholders of record on Monday, July 27th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, July 27th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its stake in Dorian LPG by 1,003.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 1,315 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Dorian LPG during the 2nd quarter valued at $37,000. KBC Group NV acquired a new stake in shares of Dorian LPG during the 1st quarter valued at $38,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Dorian LPG by 429.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after acquiring an additional 1,340 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in Dorian LPG during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

Wall Street Analyst Weigh In

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

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.