Key Points
- Dorian LPG insider Tim Truels Hansen sold 25,000 shares at an average price of $45.04, generating $1.126 million and reducing his direct stake by 13.69% to 157,675 shares.
- Dorian LPG reported strong quarterly results, with EPS of $2.52 and revenue of $187.88 million, up 123.1% year over year and above analyst expectations. The company also paid a special $1.00-per-share dividend.
- The stock was trading near its 52-week high at $45.65, while analysts maintained a “Moderate Buy” consensus and an average price target of $55.00.
Dorian LPG Ltd. (NYSE:LPG - Get Free Report) insider Tim Truels Hansen sold 25,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $45.04, for a total transaction of $1,126,000.00. Following the completion of the sale, the insider directly owned 157,675 shares of the company's stock, valued at approximately $7,101,682. The trade was a 13.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Tim Truels Hansen also recently made the following trade(s):
- On Tuesday, June 30th, Tim Truels 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 Trading Up 2.1%
LPG opened at $45.65 on Friday. 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's 50 day moving average price is $41.74 and its 200-day moving average price is $37.97. Dorian LPG Ltd. has a one year low of $23.76 and a one year high of $48.12. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 6.05 and a beta of 0.65.
Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The shipping company reported $2.52 earnings per share (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 during the quarter, compared to analyst estimates of $160.78 million. During the same period last year, the company earned $0.27 EPS. Dorian LPG's quarterly revenue was up 123.1% compared to the same quarter last year.
Dorian LPG Dividend Announcement
The firm also recently announced a special dividend, which was paid on Wednesday, August 12th. Shareholders of record on Monday, July 27th were paid a $1.00 dividend. The ex-dividend date was Monday, July 27th.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on LPG. Dnb Carnegie raised shares of Dorian LPG from a "strong sell" rating to a "hold" rating in a research note on Monday, May 18th. Freedom Capital upgraded shares of Dorian LPG from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 6th. Wall Street Zen raised shares of Dorian LPG from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th. Weiss Ratings upgraded Dorian LPG from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, May 28th. Finally, Jefferies Financial Group upped their price objective on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a "buy" rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $55.00.
Get Our Latest Report on LPG
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in shares of Dorian LPG by 14.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,590 shares of the shipping company's stock worth $89,000 after acquiring an additional 318 shares in the last quarter. IHT Wealth Management LLC boosted its position in Dorian LPG by 2.1% during the fourth quarter. IHT Wealth Management LLC now owns 17,804 shares of the shipping company's stock valued at $433,000 after purchasing an additional 365 shares in the last quarter. WINTON GROUP Ltd boosted its position in Dorian LPG by 0.8% during the fourth quarter. WINTON GROUP Ltd now owns 44,640 shares of the shipping company's stock valued at $1,087,000 after purchasing an additional 373 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Dorian LPG by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company's stock valued at $324,000 after purchasing an additional 390 shares during the last quarter. Finally, Vident Advisory LLC grew its stake in Dorian LPG by 2.8% in the third quarter. Vident Advisory LLC now owns 20,918 shares of the shipping company's stock valued at $623,000 after purchasing an additional 577 shares during the last quarter. 62.50% of the stock is currently owned by hedge funds and other institutional investors.
Dorian LPG Company Profile
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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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