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From what we can see, insiders were net buyers in Dorian LPG Ltd.'s (NYSE:LPG ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for DorianG
DorianG Insider Transactions Over The Last Year
The Chairman of the Board John Hadjipateras made the biggest insider purchase in the last 12 months. That single transaction was for US$213k worth of shares at a price of US$42.58 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$22.97). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. Generally speaking, it catches our eye when an insider has purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. John Hadjipateras was the only individual insider to buy during the last year.
The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
Insider Ownership
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. It appears that DorianG insiders own 7.1% of the company, worth about US$71m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About DorianG Insiders?
It doesn't really mean much that no insider has traded DorianG shares in the last quarter. However, our analysis of transactions over the last year is heartening. Overall we don't see anything to make us think DorianG insiders are doubting the company, and they do own shares. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 2 warning signs for DorianG you should be aware of, and 1 of them can't be ignored.