Tim Truels Hansen Sells 25,000 Shares of Dorian LPG (NYSE:LPG) Stock

Dorian LPG Ltd. (NYSE:LPG) insider Tim Truels Hansen sold 25,000 shares of the firm’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total value of $721,250.00. Following the sale, the insider directly owned 212,842 shares of the company’s stock, valued at approximately $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 Price Performance

Shares of NYSE:LPG opened at $27.53 on Friday. The company has a market capitalization of $1.18 billion, a P/E ratio of 12.34 and a beta of 0.59. The company’s 50-day moving average is $25.63 and its 200 day moving average is $28.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.30 and a current ratio of 3.32. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $32.79.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings data on Wednesday, November 5th. The shipping company reported $1.31 EPS for the quarter, missing the consensus estimate 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 return on equity of 9.13% and a net margin of 26.02%.During the same period in the prior year, the firm posted $0.35 EPS. The business’s revenue was up 50.6% on a year-over-year basis. On average, equities research analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Monday, November 17th were paid a $0.65 dividend. The ex-dividend date was Monday, November 17th. This is a positive change from Dorian LPG’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 9.4%.

Hedge Funds Weigh In On Dorian LPG

A number of large investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new position in shares of Dorian LPG in the second quarter valued at $29,000. Evermay Wealth Management LLC bought a new position in Dorian LPG in the 2nd quarter worth about $32,000. Aster Capital Management DIFC Ltd purchased a new position in Dorian LPG during the 3rd quarter valued at about $41,000. Sunbelt Securities Inc. bought a new stake in shares of Dorian LPG during the third quarter valued at about $41,000. Finally, NewEdge Advisors LLC lifted its holdings 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 buying an additional 1,315 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

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