Unison Advisors LLC Makes New $711,000 Investment in Dorian LPG Ltd. $LPG

Key Points

• Unison Advisors LLC opened a new position in Dorian LPG (NYSE:LPG), buying 29,206 shares worth approximately $711,000, representing about 0.07% of the company, while institutions collectively own roughly 62.5%.
• Dorian LPG reported $1.11 EPS for the quarter (missing consensus by $0.06) with revenue of $119.96M (up 48.7% YoY) and paid a $0.70 special dividend (record Feb 9, paid Feb 24).
• Company insiders have been selling stock (CFO sold 10,000 shares; another insider sold 25,000), leaving insiders with about 13.6% ownership; the stock has a market cap of $1.48B, a P/E of 12.16, and a consensus analyst rating of Hold with a $35 average target.

Unison Advisors LLC bought a new position in Dorian LPG Ltd. (NYSE:LPG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,206 shares of the shipping company's stock, valued at approximately $711,000. Unison Advisors LLC owned about 0.07% of Dorian LPG at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in Dorian LPG in the third quarter worth about $41,000. Sunbelt Securities Inc. purchased a new stake in shares of Dorian LPG during the third quarter valued at approximately $41,000. NewEdge Advisors LLC increased its position 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 in the last quarter. Citizens National Bank Trust Department bought a new stake in shares of Dorian LPG during the third quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC raised 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 acquiring an additional 1,340 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

Dorian LPG Stock Down 0.2%

LPG opened at $34.54 on Monday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 12.16 and a beta of 0.59. The firm has a 50 day moving average price of $33.02 and a 200-day moving average price of $29.07. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $38.40. The company has a quick ratio of 2.40, a current ratio of 2.41 and a debt-to-equity ratio of 0.38.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its earnings results on Wednesday, February 4th. The shipping company reported $1.11 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.06). The company 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 period last year, the firm posted $0.43 EPS. Equities research analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current year.

Dorian LPG Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Activity at Dorian LPG

In other Dorian LPG news, 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tim Truels Hansen sold 25,000 shares of the business's stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total value of $721,250.00. Following 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 SEC filing for this sale provides additional information. 13.60% of the stock is 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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