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

Dorian LPG Ltd. (NYSE:LPG) CFO Theodore Young sold 11,919 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $5,874,773. This trade represents a 9.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dorian LPG Stock Up 1.3%

Shares of NYSE:LPG opened at $54.35 on Friday. The company has a current ratio of 3.26, a quick ratio of 3.24 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $46.21 and a two-hundred day simple moving average of $40.73. Dorian LPG Ltd. has a 12-month low of $23.76 and a 12-month high of $55.28. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 7.20 and a beta of 0.61.

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. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%.The firm had revenue of $187.88 million for the quarter, compared to analysts’ expectations of $160.78 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 123.1% on a year-over-year basis.

Dorian LPG Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, August 12th. Investors 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.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorian LPG in a report on Tuesday, August 25th. Pareto Securities reissued a “buy” rating on shares of Dorian LPG in a research report on Thursday, May 21st. Freedom Capital upgraded shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group upped 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Dorian LPG presently has a consensus rating of “Buy” and an average target price of $55.00.

Hedge Funds Weigh In On Dorian LPG

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its holdings 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 valued at $32,000 after acquiring an additional 1,315 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Dorian LPG in the second quarter worth approximately $37,000. KBC Group NV purchased a new position in shares of Dorian LPG during the first quarter valued at approximately $38,000. EverSource Wealth Advisors LLC raised its holdings in shares of Dorian LPG by 429.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of Dorian LPG during the third quarter valued at approximately $41,000. 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.