Tudor Investment Corp ET AL Buys 207,450 Shares of Dorian LPG Ltd. $LPG

Key Points

• Tudor Investment Corp increased its stake in Dorian LPG by 425.4%, buying an additional 207,450 shares in Q3 and now owns 256,216 shares (about 0.60% of the company) valued at $7.635 million.
• Dorian LPG reported $1.11 EPS for the quarter (missing the $1.17 consensus) while revenue rose 48.7% year-over-year, and the company paid a special dividend of $0.70 on Feb 24.
• Analysts’ consensus is a Hold with a $35 average target, institutional ownership is ~62.5%, and recent insider activity included a 25,000-share sale by Tim Truels Hansen and a 15,000-share purchase by CEO John Hadjipateras.

Tudor Investment Corp ET AL lifted its stake in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 425.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 256,216 shares of the shipping company's stock after buying an additional 207,450 shares during the period. Tudor Investment Corp ET AL owned about 0.60% of Dorian LPG worth $7,635,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in shares of Dorian LPG by 1,003.8% during the 1st 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 in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Dorian LPG by 429.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company's stock worth $40,000 after purchasing an additional 1,340 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Dorian LPG in the third quarter valued at about $41,000. Sunbelt Securities Inc. bought a new position in Dorian LPG in the third quarter valued at about $41,000. Finally, Citizens National Bank Trust Department acquired a new stake in shares of Dorian LPG during the third quarter valued at about $45,000. 62.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LPG shares. Dnb Carnegie cut Dorian LPG from a "hold" rating to a "strong sell" rating in a report on Wednesday, March 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Dorian LPG in a report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Dorian LPG from a "strong-buy" rating to a "buy" rating in a research report on Sunday, February 22nd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $35.00.

Dorian LPG Stock Up 1.4%

Shares of NYSE:LPG opened at $33.26 on Tuesday. Dorian LPG Ltd. has a 1 year low of $16.66 and a 1 year high of $38.40. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 2.40. The business's 50-day moving average is $32.05 and its 200-day moving average is $28.93. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 11.71 and a beta of 0.53.

Dorian LPG (NYSE:LPG - Get Free Report) last released its earnings results on Thursday, February 5th. The shipping company reported $1.11 EPS for the quarter, missing the consensus estimate 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 $118.23 million for the quarter, compared to analyst estimates of $115.15 million. During the same period in the prior year, the business earned $0.43 EPS. The company's revenue for the quarter was up 48.7% on a year-over-year basis. Equities research analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Dividend Announcement

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

Insider Activity

In other Dorian LPG news, 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 completion of the sale, the insider directly owned 212,842 shares in the company, valued at approximately $6,140,491.70. This trade represents a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John C. Hadjipateras purchased 15,000 shares of Dorian LPG stock in a transaction on Wednesday, January 7th. The stock was bought at an average price of $27.30 per share, with a total value of $409,500.00. Following the completion of the acquisition, the chief executive officer directly owned 153,500 shares of the company's stock, valued at approximately $4,190,550. This trade represents a 10.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 13.60% of the stock is currently owned by company 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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