SG Americas Securities LLC Increases Stock Holdings in Dorian LPG Ltd. $LPG

SG Americas Securities LLC lifted its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 212.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,071 shares of the shipping company’s stock after acquiring an additional 36,101 shares during the period. SG Americas Securities LLC owned 0.12% of Dorian LPG worth $1,292,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Dorian LPG during the third quarter valued at $41,000. Sunbelt Securities Inc. acquired a new stake in shares of Dorian LPG during the third quarter valued at $41,000. NewEdge Advisors LLC boosted its stake in shares of Dorian LPG by 1,003.8% during the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 1,315 shares during the last quarter. Citizens National Bank Trust Department acquired a new stake in shares of Dorian LPG during the third quarter valued at $45,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Dorian LPG by 429.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after acquiring an additional 1,340 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Analyst Upgrades and Downgrades

LPG has been the topic of a number of analyst reports. Wall Street Zen lowered Dorian LPG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 22nd. Dnb Carnegie lowered Dorian LPG from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.00.

Dorian LPG Stock Down 1.5%

Shares of NYSE:LPG opened at $33.98 on Wednesday. The stock’s 50-day moving average price is $33.28 and its two-hundred day moving average price is $29.10. 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 Ltd. has a 12-month low of $17.25 and a 12-month high of $38.40. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 11.96 and a beta of 0.59.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings results on Wednesday, February 4th. The shipping company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The business had revenue of $119.96 million during the quarter, compared to analyst estimates of $115.15 million. During the same period in the previous year, the business posted $0.43 earnings per share. The firm’s quarterly revenue was up 48.7% on a year-over-year basis. On average, research analysts forecast that Dorian LPG Ltd. will post 2.6 EPS for the current year.

Dorian LPG Announces Dividend

The company also recently disclosed a special dividend, which was paid on Tuesday, February 24th. Stockholders of record on Monday, February 9th were issued a $0.70 dividend. This represents a dividend yield of 881.0%. The ex-dividend date was Monday, February 9th. Dorian LPG’s dividend payout ratio (DPR) is 35.21%.

Insider Transactions at Dorian LPG

In other news, insider Tim Truels Hansen sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $28.85, for a total value of $721,250.00. Following the transaction, the insider directly owned 212,842 shares in the company, valued at $6,140,491.70. This trade represents a 10.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Theodore B. Young sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $34.84, for a total value of $348,400.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 13.60% of the company’s stock.

Dorian LPG 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.