DORIAN LPG LTD.
boothcheck covers DORIAN LPG LTD. (LPG) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
• Dorian is a modern-fleet VLGC owner earning extraordinary spot rates, with a March 2026 time-charter equivalent near $65,600 per day and a trailing operating margin above 40%, backed by light leverage of roughly one year's operating income. • The biggest risk is the cycle turning: a heavy 2026 to 2027 newbuild order book could add tonnage that compresses charter rates, and the company is a price-taker with no control over competitor fleet additions. • Watch the spot rate and the dividend caden
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243 institutional managers reported holding LPG in 13F filings for the quarter ended 2026-03-31. Together they hold about 67% of the company; the top 10 hold 41%. 51 opened new positions that quarter. Held by BlackRock, Dimensional Fund Advisors, Vanguard Group, among others. On the short side, 1.8M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (3.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
LPG's share count grew 4% over the past five years even with $25.46M spent on repurchases. It pays a dividend, and has for 5 years running; the current rate is $2.45 a share annually. Cash returned over the past three years: $383.17M in dividends and $16.87M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at LPG over the trailing three years: 2024: 1 buy totaling $213k; 2025: 3 buys totaling $533k; 2026: 1 buy totaling $410k. 11 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
LPG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2021-08-05 | -0.7% | -3.3% |
| 2021-11-04 | +7.6% | +1.0% |
| 2022-02-04 | +2.0% | +23.8% |
| 2022-06-03 | +1.6% | -13.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
LPG's latest 8-K filings: 2026-09-14 (items 5.07); 2026-09-04 (items 1.01, 2.03, 7.01, 8.01, 9.01); 2026-08-05 (items 2.02, 9.01); 2026-07-30 (items 5.02, 9.01); 2026-07-16 (items 7.01, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.