Dorian LPG (NYSE:LPG) CFO Sells $270,050.00 in Stock

Dorian LPG Ltd. (NYSE:LPGGet Free Report) CFO Theodore Young sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $54.01, for a total value of $270,050.00. Following the transaction, the chief financial officer owned 119,713 shares in the company, valued at $6,465,699.13. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Dorian LPG Stock Up 1.4%

Shares of NYSE:LPG opened at $55.19 on Friday. Dorian LPG Ltd. has a 52-week low of $23.76 and a 52-week high of $55.49. The firm has a market capitalization of $2.36 billion, a P/E ratio of 7.31 and a beta of 0.61. The stock has a 50 day moving average price of $46.59 and a 200-day moving average price of $40.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 3.24 and a current ratio of 3.26.

Dorian LPG (NYSE:LPGGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The shipping company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.40. The company had revenue of $187.88 million for the quarter, compared to analyst estimates 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 was up 123.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share.

Dorian LPG Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on LPG shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dorian LPG in a research report on Tuesday, August 25th. Wall Street Zen raised shares of Dorian LPG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Dnb Carnegie raised shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Jefferies Financial Group upped their price objective on shares of Dorian LPG from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Pareto Securities reaffirmed a “buy” rating on shares of Dorian LPG in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $55.00.

View Our Latest Stock Report on LPG

Institutional Investors Weigh In On Dorian LPG

A number of institutional investors have recently modified their holdings of LPG. Sequoia Financial Advisors LLC raised its position in shares of Dorian LPG by 4.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 7,341 shares of the shipping company’s stock worth $255,000 after purchasing an additional 307 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Dorian LPG during the 2nd quarter valued at about $57,000. Allworth Financial LP increased its stake in Dorian LPG by 65.9% during the 2nd quarter. Allworth Financial LP now owns 1,206 shares of the shipping company’s stock valued at $42,000 after purchasing an additional 479 shares in the last quarter. Corient Private Wealth LP bought a new stake in Dorian LPG during the 2nd quarter valued at about $253,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Dorian LPG in the second quarter worth about $1,478,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

About Dorian LPG

(Get Free Report)

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates very large gas carriers (VLGCs). The company primarily transports liquefied petroleum gas (LPG), including propane and butane, for energy producers, commodity traders and other customers in international markets.

Dorian LPG’s fleet is designed for the ocean transportation of LPG between major exporting and importing regions. Its vessels support global trade routes linking LPG-producing areas, including the United States and the Middle East, with demand centers in Asia, Europe and other regions.

Further Reading

Insider Buying and Selling by Quarter for Dorian LPG (NYSE:LPG)

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