Key Points
- CFO Theodore Young sold 10,000 shares of Dorian LPG on Feb. 18 at an average price of $34.84, reducing his stake by 7.52% to 122,926 shares (about $4.28M); the transaction was disclosed in an SEC filing.
- Company declared a special dividend of $0.70 per share (record/ex-dividend date Feb. 9, payable Feb. 24); the stock trades near $35.32 with a market cap of ~$1.51B and a one‑year range of $16.66–$35.82.
- Recent quarter showed $1.11 EPS (miss) and revenue up 48.7% YoY, and analysts have a consensus "Moderate Buy" rating with an average $35 target; institutional investors now own about 62.5% of the company.
Dorian LPG Ltd. (NYSE:LPG - Get Free Report) CFO Theodore Young sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $34.84, for a total transaction of $348,400.00. Following the transaction, the chief financial officer owned 122,926 shares in the company, valued at approximately $4,282,741.84. This trade represents a 7.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Dorian LPG Stock Performance
LPG stock traded up $0.16 on Friday, hitting $35.32. The company's stock had a trading volume of 104,826 shares, compared to its average volume of 558,378. The firm has a 50 day moving average of $28.12 and a two-hundred day moving average of $28.46. Dorian LPG Ltd. has a 1 year low of $16.66 and a 1 year high of $35.82. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 12.44 and a beta of 0.58. The company has a current ratio of 2.41, a quick ratio of 2.40 and a debt-to-equity ratio of 0.38.
Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The shipping company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.06). The business had revenue of $118.23 million for the quarter, compared to analysts' expectations of $115.15 million. Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The company's revenue for the quarter was up 48.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. Equities analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.
Dorian LPG Dividend Announcement
The business also recently declared a special dividend, which will be paid on Tuesday, February 24th. Investors of record on Monday, February 9th will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a dividend yield of 881.0%.
Wall Street Analyst Weigh In
LPG has been the topic of several analyst reports. Wall Street Zen upgraded Dorian LPG from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 14th. Dnb Carnegie raised Dorian LPG from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 28th. Pareto Securities lowered shares of Dorian LPG from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 10th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Dorian LPG in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dorian LPG presently has an average rating of "Moderate Buy" and an average target price of $35.00.
Read Our Latest Stock Report on LPG
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Dorian LPG by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company's stock valued at $483,000 after acquiring an additional 914 shares during the period. NewEdge Advisors LLC grew 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Dorian LPG by 50.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,039 shares of the shipping company's stock valued at $3,977,000 after purchasing an additional 59,311 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Dorian LPG by 130.6% in the first quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company's stock valued at $2,990,000 after purchasing an additional 75,818 shares during the period. Finally, CWM LLC lifted its stake in shares of Dorian LPG by 851.5% in the second quarter. CWM LLC now owns 24,653 shares of the shipping company's stock valued at $601,000 after purchasing an additional 22,062 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.
About Dorian LPG
(
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.
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