Dorian LPG Ltd. $LPG Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC cut its stake in Dorian LPG by 73.5% in Q4, selling 182,723 shares and leaving 65,781 shares (about $1.60M); institutional investors now own roughly 62.5% of the stock.
• Dorian paid a special dividend of $0.70 per share (ex-dividend Feb 9, paid Feb 24), while insiders sold shares—Tim Truels Hansen sold 25,000 shares and CFO Theodore B. Young sold 10,000—reducing their positions.
• The stock trades around $35.06 with a ~$1.5B market cap and a consensus analyst rating of Hold (target $35.00); Q results showed EPS of $1.11 (missed $1.17) and revenue up 48.7% to $119.96M.

Allspring Global Investments Holdings LLC cut its holdings in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 73.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,781 shares of the shipping company's stock after selling 182,723 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.15% of Dorian LPG worth $1,601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of 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 buying an additional 390 shares in the last quarter. CoreCap Advisors LLC raised its stake in Dorian LPG by 18.7% during the 4th quarter. CoreCap Advisors LLC now owns 3,269 shares of the shipping company's stock valued at $80,000 after purchasing an additional 514 shares during the period. Vident Advisory LLC raised its stake in Dorian LPG by 2.8% during the 3rd 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 period. 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 valued at $245,000 after acquiring an additional 614 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Dorian LPG by 12.0% during the 3rd quarter. GAMMA Investing LLC now owns 6,828 shares of the shipping company's stock valued at $203,000 after acquiring an additional 730 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LPG. Wall Street Zen cut shares of Dorian LPG from a "strong-buy" rating to a "buy" rating in a report on Sunday, February 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Dorian LPG in a report on Monday, December 29th. Finally, Dnb Carnegie cut shares of Dorian LPG from a "hold" rating to a "strong sell" rating in a report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $35.00.

Dorian LPG Trading Up 2.8%

Shares of NYSE:LPG opened at $35.06 on Thursday. The stock has a market capitalization of $1.50 billion, a PE ratio of 12.34 and a beta of 0.59. Dorian LPG Ltd. has a 1 year low of $17.25 and a 1 year high of $38.40. The firm has a fifty day moving average price of $33.41 and a 200 day moving average price of $29.14. 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 (NYSE:LPG - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $119.96 million during the quarter, compared to the consensus estimate of $115.15 million. Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The company's revenue for the quarter was up 48.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.43 earnings per share. Analysts expect that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Announces Dividend

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

Insiders Place Their Bets

In other Dorian LPG news, insider Tim Truels Hansen sold 25,000 shares of the business's stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total transaction of $721,250.00. Following the completion of the transaction, the insider owned 212,842 shares of the company's stock, valued at $6,140,491.70. The trade was a 10.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Theodore B. Young sold 10,000 shares of the business's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $34.84, for a total transaction of $348,400.00. Following the transaction, the chief financial officer directly owned 122,926 shares of the company's stock, valued at approximately $4,282,741.84. This represents a 7.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 13.60% of the stock is owned by insiders.

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.

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