John Hadjipateras Acquires 15,000 Shares of Dorian LPG (NYSE:LPG) Stock

Dorian LPG Ltd. (NYSE:LPG) CEO John Hadjipateras purchased 15,000 shares of the stock in a transaction on Wednesday, January 7th. The stock was acquired at an average cost of $27.30 per share, with a total value of $409,500.00. Following the completion of the purchase, the chief executive officer directly owned 153,500 shares of the company’s stock, valued at $4,190,550. The trade was a 10.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Dorian LPG Stock Down 2.3%

Shares of NYSE:LPG opened at $27.22 on Friday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 12.20 and a beta of 0.59. The stock’s 50-day moving average price is $25.48 and its 200-day moving average price is $27.89. The company has a current ratio of 3.32, a quick ratio of 3.30 and a debt-to-equity ratio of 0.44. Dorian LPG Ltd. has a 12-month low of $16.66 and a 12-month high of $32.79.

Dorian LPG (NYSE:LPG) last released its earnings results on Wednesday, November 5th. The shipping company reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.09). The company had revenue of $124.06 million during the quarter, compared to the consensus estimate of $126.99 million. Dorian LPG had a net margin of 26.02% and a return on equity of 9.13%. The company’s revenue was up 50.6% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. On average, equities analysts anticipate that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Monday, November 17th were given a $0.65 dividend. The ex-dividend date was Monday, November 17th. This is an increase from Dorian LPG’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 9.6%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Dorian LPG by 3.0% during the 2nd 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 in the last quarter. Inspire Investing LLC lifted its holdings in Dorian LPG by 3.1% in the first quarter. Inspire Investing LLC now owns 18,206 shares of the shipping company’s stock worth $407,000 after buying an additional 547 shares during the period. Moors & Cabot Inc. boosted its position in Dorian LPG by 3.4% during the 2nd quarter. Moors & Cabot Inc. now owns 16,858 shares of the shipping company’s stock valued at $411,000 after acquiring an additional 550 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of Dorian LPG by 2.8% during the 3rd quarter. Vident Advisory LLC now owns 20,918 shares of the shipping company’s stock worth $623,000 after acquiring an additional 577 shares during the period. Finally, Amundi grew its holdings in shares of Dorian LPG by 7.6% during the 3rd quarter. Amundi now owns 8,655 shares of the shipping company’s stock worth $245,000 after acquiring an additional 614 shares during the period. 62.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Wall Street Zen raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Pareto Securities cut shares of Dorian LPG from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dorian LPG in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dorian LPG has a consensus rating of “Hold” and a consensus price target of $35.00.

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.