18,030 Shares in Dorian LPG Ltd. $LPG Acquired by Avior Wealth Management LLC

Avior Wealth Management LLC purchased a new stake in Dorian LPG Ltd. (NYSE:LPG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 18,030 shares of the shipping company’s stock, valued at approximately $439,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Tudor Investment Corp ET AL lifted its position in shares of Dorian LPG by 425.4% during the 3rd quarter. Tudor Investment Corp ET AL now owns 256,216 shares of the shipping company’s stock valued at $7,635,000 after acquiring an additional 207,450 shares during the period. Tweedy Browne Co LLC boosted its stake in Dorian LPG by 105.4% during the third quarter. Tweedy Browne Co LLC now owns 19,349 shares of the shipping company’s stock worth $577,000 after acquiring an additional 9,930 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in Dorian LPG in the third quarter worth $41,000. Hancock Whitney Corp increased its stake in Dorian LPG by 125.3% in the third quarter. Hancock Whitney Corp now owns 21,142 shares of the shipping company’s stock valued at $630,000 after purchasing an additional 11,756 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in Dorian LPG by 180.3% in the third quarter. NewEdge Advisors LLC now owns 11,279 shares of the shipping company’s stock valued at $336,000 after purchasing an additional 7,255 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Dorian LPG

In other news, insider Tim Truels Hansen sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $28.85, for a total value of $721,250.00. Following the completion of the transaction, the insider directly owned 212,842 shares of the company’s stock, valued at $6,140,491.70. This represents a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Theodore B. Young sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $34.84, for a total value of $348,400.00. Following the sale, the chief financial officer directly owned 122,926 shares of the company’s stock, valued at $4,282,741.84. The trade was a 7.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 13.60% of the company’s stock.

Dorian LPG Stock Performance

NYSE LPG opened at $32.79 on Monday. The company has a fifty day moving average price of $31.95 and a 200-day moving average price of $28.92. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 11.55 and a beta of 0.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 2.40. Dorian LPG Ltd. has a 1 year low of $16.66 and a 1 year high of $38.40.

Dorian LPG (NYSE:LPG) last released its quarterly earnings results on Thursday, February 5th. The shipping company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.06). Dorian LPG had a net margin of 29.88% and a return on equity of 11.82%. The firm had revenue of $118.23 million for the quarter, compared to the consensus estimate of $115.15 million. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis. As a group, equities research analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, February 24th. Stockholders of record on Monday, February 9th were paid a $0.70 dividend. This represents a dividend yield of 881.0%. The ex-dividend date was Monday, February 9th.

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.