Key Points
- Insider sale: Tim Truels Hansen sold 25,000 shares on Jan. 14 at an average price of $28.85 for $721,250, reducing his stake by 10.51% to 212,842 shares (about $6.14M).
- Dividend hike: Dorian raised its quarterly dividend to $0.65 (annualized $2.60), yielding roughly 9.3%.
- Recent results and outlook: The company missed the latest quarter's estimates with EPS $1.31 vs. $1.40 and revenue $124.06M vs. $126.99M, though revenue was up 50.6% year-over-year and analysts maintain a consensus Hold with a $35 price target.
Dorian LPG Ltd. (NYSE:LPG - Get Free Report) insider Tim Truels Hansen sold 25,000 shares of Dorian LPG stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total transaction of $721,250.00. Following the transaction, the insider owned 212,842 shares of the company's stock, valued at $6,140,491.70. This represents a 10.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Dorian LPG Trading Down 2.1%
LPG opened at $28.03 on Friday. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $32.79. The firm has a market capitalization of $1.20 billion, a PE ratio of 12.57 and a beta of 0.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.32 and a quick ratio of 3.30. The company's 50-day moving average is $25.62 and its 200 day moving average is $28.08.
Dorian LPG (NYSE:LPG - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The shipping company reported $1.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.40 by ($0.09). The company had revenue of $124.06 million for the quarter, compared to analyst estimates of $126.99 million. Dorian LPG had a net margin of 26.02% and a return on equity of 9.13%. Dorian LPG's revenue for the quarter was up 50.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. As a group, research analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.
Dorian LPG Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend was Monday, November 17th. This is an increase from Dorian LPG's previous quarterly dividend of $0.60.
Analyst Upgrades and Downgrades
LPG has been the subject of several recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Dorian LPG in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Dorian LPG from a "hold" rating to a "buy" rating in a report on Saturday, January 3rd. Finally, Pareto Securities lowered shares of Dorian LPG from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $35.00.
View Our Latest Stock Analysis on LPG
Hedge Funds Weigh In On Dorian LPG
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new position in Dorian LPG during the second quarter valued at about $29,000. Evermay Wealth Management LLC purchased a new position in Dorian LPG in the second quarter valued at about $32,000. Aster Capital Management DIFC Ltd bought a new position in shares of Dorian LPG during the 3rd quarter valued at approximately $41,000. Sunbelt Securities Inc. purchased a new stake in shares of Dorian LPG during the 3rd quarter worth approximately $41,000. Finally, NewEdge Advisors LLC increased its stake 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 worth $32,000 after purchasing an additional 1,315 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.
Dorian LPG Company Profile
(
Get Free Report)
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.
Further Reading
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