Tudor Investment Corp ET AL Raises Stock Holdings in Dorian LPG Ltd. $LPG

Key Points

• Tudor Investment Corp ET AL boosted its stake in Dorian LPG by 425.4% in Q3 to 256,216 shares (adding 207,450 shares), representing about 0.60% of the company and valued at roughly $7.64M.
• Insider sales: Tim Truels Hansen sold 25,000 shares at $28.85 and CFO Theodore B. Young sold 10,000 shares at $34.84; insiders now own 13.6% of the stock.
• Dorian LPG carries a consensus analyst rating of Hold (average target $35), reported quarterly EPS of $1.11 (missed by $0.06) with revenue up 48.7%, and paid a special $0.70 dividend on Feb. 24.

Tudor Investment Corp ET AL lifted its holdings 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 Securities and Exchange Commission. The institutional investor owned 256,216 shares of the shipping company's stock after purchasing an additional 207,450 shares during the quarter. Tudor Investment Corp ET AL owned 0.60% of Dorian LPG worth $7,635,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings 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 worth $32,000 after purchasing an additional 1,315 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings 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 worth $40,000 after purchasing an additional 1,340 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Dorian LPG during the third quarter worth about $41,000. Sunbelt Securities Inc. purchased a new position in shares of Dorian LPG during the third quarter worth about $41,000. Finally, Citizens National Bank Trust Department purchased a new position in shares of Dorian LPG during the third quarter worth about $45,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Dorian LPG

In other news, insider Tim Truels Hansen sold 25,000 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $28.85, for a total transaction of $721,250.00. Following the completion of the sale, the insider 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 transaction was disclosed in a document filed with the SEC, which can be accessed through 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 approximately $4,282,741.84. This trade represents a 7.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 13.60% of the company's stock.

Dorian LPG Stock Down 1.5%

Shares of LPG opened at $33.98 on Wednesday. The firm has a market cap of $1.45 billion, a P/E ratio of 11.96 and a beta of 0.59. The stock has a 50 day simple moving average of $33.28 and a two-hundred day simple moving average of $29.10. 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 $17.25 and a 1 year high of $38.40.

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

Dorian LPG Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, February 24th. Shareholders of record on Monday, February 9th were given a $0.70 dividend. The ex-dividend date was Monday, February 9th. This represents a yield of 881.0%. Dorian LPG's payout ratio is presently 35.21%.

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.

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