Tim Truels Hansen Sells 25,000 Shares of Dorian LPG (NYSE:LPG) Stock

Key Points

• Insider sale: Tim Truels Hansen sold 25,000 Dorian LPG shares at an average price of $45.04, generating $1.126 million and reducing his direct stake by 13.69% to 157,675 shares.
• Strong quarterly results: Dorian LPG reported quarterly EPS of $2.52, beating estimates by $0.40, while revenue of $187.88 million exceeded expectations and rose 123.1% year over year.
• Positive market outlook: Analysts give Dorian LPG a “Moderate Buy” consensus rating with a $55 average price target, while institutional investors own 62.5% of the company and shareholders recently received a $1.00 special dividend.

Dorian LPG Ltd. (NYSE:LPG - Get Free Report) insider Tim Truels Hansen sold 25,000 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $45.04, for a total transaction of $1,126,000.00. Following the sale, the insider directly owned 157,675 shares of the company's stock, valued at $7,101,682. This represents a 13.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, June 30th, Tim Truels 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

Shares of Dorian LPG stock opened at $44.89 on Thursday. The stock has a market capitalization of $1.92 billion, a P/E ratio of 5.95 and a beta of 0.65. The business has a 50 day simple moving average of $41.64 and a two-hundred day simple moving average of $37.84. Dorian LPG Ltd. has a 12 month low of $23.76 and a 12 month high of $48.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.26 and a quick ratio of 3.24.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The shipping company reported $2.52 EPS 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 return on equity of 25.69% and a net margin of 55.00%.The firm's revenue for the quarter was up 123.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share.

Dorian LPG Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LPG shares. Dnb Carnegie upgraded Dorian LPG from a "strong sell" rating to a "hold" rating in a report on Monday, May 18th. Wall Street Zen raised shares of Dorian LPG from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 25th. Freedom Capital upgraded Dorian LPG from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Dorian LPG from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, May 28th. Finally, Jefferies Financial Group lifted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $55.00.

Institutional Trading of Dorian LPG

Several hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Dorian LPG by 227.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 215,568 shares of the shipping company's stock valued at $7,247,000 after purchasing an additional 149,787 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Dorian LPG during the first quarter worth $1,491,000. Segall Bryant & Hamill LLC purchased a new position in Dorian LPG in the first quarter valued at $1,247,000. Persistent Asset Partners Ltd purchased a new position in Dorian LPG in the fourth quarter valued at $1,098,000. Finally, Lazard Asset Management LLC acquired a new stake in Dorian LPG in the first quarter valued at $2,211,000. 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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