Key Points
- Director Ted Kalborg sold 15,373 shares of Dorian LPG at an average price of $45.06, totaling about $692,707. After the sale, he still held 66,348 shares, a reduction of 18.81% in his position.
- Dorian LPG reported strong quarterly results, posting EPS of $1.89 versus the $1.41 consensus estimate and revenue of $153.27 million, up 102% from a year ago.
- The company announced a special $1.00 dividend payable on May 28, while analysts currently rate the stock a consensus Hold with a $55 price target.
Dorian LPG Ltd. (NYSE:LPG - Get Free Report) Director Ted Kalborg sold 15,373 shares of the business's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $45.06, for a total value of $692,707.38. Following the sale, the director directly owned 66,348 shares of the company's stock, valued at approximately $2,989,640.88. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Dorian LPG Price Performance
LPG stock opened at $44.92 on Wednesday. The stock has a 50-day moving average price of $37.30 and a two-hundred day moving average price of $31.59. Dorian LPG Ltd. has a 12-month low of $20.60 and a 12-month high of $48.12. The company has a current ratio of 2.67, a quick ratio of 2.65 and a debt-to-equity ratio of 0.40. The company has a market cap of $1.92 billion, a PE ratio of 9.87 and a beta of 0.63.
Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The shipping company reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.48. Dorian LPG had a return on equity of 18.01% and a net margin of 40.22%.The firm had revenue of $153.27 million during the quarter, compared to the consensus estimate of $128.87 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The firm's quarterly revenue was up 102.0% compared to the same quarter last year.
Dorian LPG Announces Dividend
The business also recently announced a special dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a dividend yield of 951.0%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of LPG. NewEdge Advisors LLC lifted its stake in shares of Dorian LPG by 1,003.8% in the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company's stock worth $32,000 after acquiring an additional 1,315 shares in the last quarter. KBC Group NV acquired a new position in shares of Dorian LPG in the first quarter worth about $38,000. EverSource Wealth Advisors LLC lifted its stake in shares of Dorian LPG by 429.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company's stock worth $40,000 after acquiring an additional 1,340 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Dorian LPG in the third quarter worth about $41,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Dorian LPG in the third quarter worth about $41,000. Institutional investors and hedge funds own 62.50% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on LPG. Freedom Capital downgraded Dorian LPG from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dorian LPG in a research report on Wednesday, April 22nd. Pareto Securities reaffirmed a "buy" rating on shares of Dorian LPG in a research report on Thursday, May 21st. Wall Street Zen raised Dorian LPG from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Finally, Dnb Carnegie raised Dorian LPG from a "strong sell" rating to a "hold" rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $55.00.
Get Our Latest Stock Report on LPG
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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