Dorian LPG (NYSE:LPG) COO Alexander Hadjipateras Sells 5,000 Shares

Key Points

• Dorian LPG COO Alexander Hadjipateras sold 5,000 shares at an average price of $54.13, generating $270,650. Following the transaction, he retained 95,836 shares, a 4.96% reduction in his holdings.
• Dorian LPG reported a strong quarter, with EPS of $2.52 versus the $2.12 analyst estimate and revenue of $187.88 million, up 123.1% year over year. The company also paid a special $1.00-per-share dividend.
• The stock opened at $54.35, near its 52-week high of $55.28, while analysts maintained an overall “Buy” consensus with a $55.00 average price target.

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) COO Alexander Hadjipateras sold 5,000 shares of Dorian LPG stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $54.13, for a total transaction of $270,650.00. Following the sale, the chief operating officer owned 95,836 shares of the company's stock, valued at $5,187,602.68. The trade was a 4.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Dorian LPG Price Performance

Shares of LPG opened at $54.35 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.26 and a quick ratio of 3.24. The company's fifty day moving average price is $46.21 and its 200-day moving average price is $40.73. Dorian LPG Ltd. has a 1-year low of $23.76 and a 1-year high of $55.28. The firm has a market capitalization of $2.33 billion, a PE ratio of 7.20 and a beta of 0.61.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The shipping company reported $2.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.40. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%.The company had revenue of $187.88 million during the quarter, compared to analyst estimates of $160.78 million. During the same quarter last year, the business posted $0.27 EPS. The firm's quarterly revenue was up 123.1% on a year-over-year basis.

Dorian LPG Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, July 27th were issued a $1.00 dividend. The ex-dividend date of this dividend was Monday, July 27th.

Institutional Trading of Dorian LPG

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System grew its stake in shares of Dorian LPG by 3,299.8% during the 2nd quarter. California State Teachers Retirement System now owns 1,765,641 shares of the shipping company's stock worth $61,409,000 after purchasing an additional 1,713,708 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in Dorian LPG during the first quarter worth $11,929,000. AQR Capital Management LLC grew its position in Dorian LPG by 236.7% during the second quarter. AQR Capital Management LLC now owns 425,478 shares of the shipping company's stock valued at $10,373,000 after buying an additional 299,107 shares during the period. Bank of America Corp DE increased its holdings in Dorian LPG by 136.2% in the second quarter. Bank of America Corp DE now owns 368,986 shares of the shipping company's stock valued at $8,996,000 after buying an additional 212,787 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Dorian LPG by 12.4% in the fourth quarter. Vanguard Group Inc. now owns 1,874,907 shares of the shipping company's stock worth $45,635,000 after acquiring an additional 207,575 shares during the period. Hedge funds and other institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen raised Dorian LPG from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 25th. Freedom Capital raised shares of Dorian LPG from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Weiss Ratings restated a "buy (b-)" rating on shares of Dorian LPG in a research note on Tuesday, August 25th. Jefferies Financial Group upped their price objective on shares of Dorian LPG from $42.00 to $55.00 and gave the company a "buy" rating in a report on Friday, May 22nd. Finally, Dnb Carnegie upgraded shares of Dorian LPG from a "strong sell" rating to a "hold" rating in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $55.00.

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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