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: 2026-07-30 (items 5.02, 9.01); 2026-07-16 (items 7.01, 8.01, 9.01); 2026-06-23 (items 7.01, 8.01, 9.01); 2026-05-20 (items 2.02, 9.01); 2026-05-07 (items 7.01, 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.