Dorian LPG Ltd. $LPG Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH trimmed its position in shares of Dorian LPG Ltd. (NYSE:LPG) by 15.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 215,956 shares of the shipping company’s stock after selling 39,719 shares during the period. Allianz Asset Management GmbH owned approximately 0.51% of Dorian LPG worth $6,435,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Dorian LPG by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company’s stock valued at $483,000 after purchasing an additional 914 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Dorian LPG by 1,003.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after acquiring an additional 1,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Dorian LPG by 50.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,039 shares of the shipping company’s stock worth $3,977,000 after purchasing an additional 59,311 shares during the last quarter. Jane Street Group LLC lifted its holdings in Dorian LPG by 130.6% during the 1st quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company’s stock worth $2,990,000 after buying an additional 75,818 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Dorian LPG by 9.0% during the second quarter. Inspire Investing LLC now owns 19,836 shares of the shipping company’s stock worth $484,000 after purchasing an additional 1,630 shares during the last quarter. Institutional investors and hedge funds own 62.50% of the company’s stock.

Dorian LPG Trading Down 1.8%

NYSE:LPG opened at $31.78 on Tuesday. The stock has a market cap of $1.36 billion, a PE ratio of 11.19 and a beta of 0.58. Dorian LPG Ltd. has a fifty-two week low of $16.66 and a fifty-two week high of $33.01. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.41 and a quick ratio of 2.40. The stock’s 50-day moving average is $26.70 and its two-hundred day moving average is $28.20.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings results on Thursday, February 5th. The shipping company reported $1.11 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.06). Dorian LPG had a return on equity of 11.82% and a net margin of 29.88%.The company had revenue of $118.23 million for the quarter, compared to analyst estimates of $115.15 million. During the same quarter in the prior year, the business posted $0.43 earnings per share. The business’s revenue for the quarter was up 48.7% compared to the same quarter last year. As a group, equities research analysts forecast that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Dividend Announcement

The business also recently declared a special dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, February 9th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, February 9th. This represents a dividend yield of 881.0%.

Analyst Ratings Changes

LPG has been the topic of a number of recent research reports. Dnb Carnegie raised shares of Dorian LPG from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Pareto Securities lowered Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Wall Street Zen upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dorian LPG in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Insider Buying and Selling at Dorian LPG

In other news, insider Tim Truels Hansen sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $28.85, for a total transaction of $721,250.00. Following the completion of the sale, the insider directly owned 212,842 shares of the company’s stock, valued at $6,140,491.70. This trade represents a 10.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John C. Hadjipateras purchased 15,000 shares of Dorian LPG stock in a transaction dated Wednesday, January 7th. The shares were purchased at an average price of $27.30 per share, with a total value of $409,500.00. Following the completion of the acquisition, the chief executive officer owned 153,500 shares in the company, valued at $4,190,550. The trade was a 10.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 13.60% of the stock is currently owned by company insiders.

About Dorian LPG

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.