Dorian LPG (NYSE:LPG) Insider Sells $2,656,000.00 in Stock

Key Points

• Insider sale: Tim Hansen sold 50,000 Dorian LPG shares at an average of $53.12, generating $2.656 million. His remaining direct ownership fell 31.71% to 107,675 shares.
• Strong financial performance: Dorian LPG reported quarterly EPS of $2.52, exceeding estimates by $0.40, while revenue rose 123.1% year over year to $187.88 million. The company also paid a $1.00-per-share special dividend.
• Market outlook: LPG traded near its 52-week high at $54.35, and analysts maintained a consensus “Buy” rating with a $55 price target. Institutional investors own 62.5% of the company.

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) insider Tim Hansen sold 50,000 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $53.12, for a total transaction of $2,656,000.00. Following the sale, the insider directly owned 107,675 shares in the company, valued at approximately $5,719,696. This represents a 31.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tim Truels Hansen also recently made the following trade(s):

• On Tuesday, August 11th, Tim Hansen sold 25,000 shares of Dorian LPG stock. The stock was sold at an average price of $45.04, for a total transaction of $1,126,000.00.
• On Tuesday, June 30th, Tim Hansen sold 20,000 shares of Dorian LPG stock. The shares were sold at an average price of $35.38, for a total transaction of $707,600.00.

Dorian LPG Price Performance

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 stock has a market capitalization of $2.33 billion, a P/E ratio of 7.20 and a beta of 0.61. The company's 50 day simple moving average is $46.21 and its 200-day simple moving average is $40.73. Dorian LPG Ltd. has a one year low of $23.76 and a one year high of $55.28.

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

Dorian LPG Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently commented on LPG. Dnb Carnegie upgraded Dorian LPG from a "strong sell" rating to a "hold" rating in a research report on Monday, May 18th. Pareto Securities reaffirmed a "buy" rating on shares of Dorian LPG in a research note on Thursday, May 21st. Wall Street Zen upgraded shares of Dorian LPG from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 25th. Weiss Ratings restated a "buy (b-)" rating on shares of Dorian LPG in a report on Tuesday, August 25th. Finally, Freedom Capital upgraded shares of Dorian LPG from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $55.00.

Hedge Funds Weigh In On Dorian LPG

Institutional investors and hedge funds have recently made changes to their positions in the company. Empowered Funds LLC grew its stake in shares of Dorian LPG by 117.5% during the 1st quarter. Empowered Funds LLC now owns 197,030 shares of the shipping company's stock worth $6,738,000 after acquiring an additional 106,428 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Dorian LPG in the first quarter valued at approximately $1,247,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Dorian LPG in the first quarter worth $1,491,000. Lazard Asset Management LLC acquired a new position in Dorian LPG during the first quarter worth $2,211,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Dorian LPG by 227.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 215,568 shares of the shipping company's stock worth $7,247,000 after purchasing an additional 149,787 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company's stock.

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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