Allianz Asset Management GmbH Has $6.44 Million Stock Position in Dorian LPG Ltd. $LPG

Allianz Asset Management GmbH lessened its holdings in Dorian LPG Ltd. (NYSE:LPG) by 15.5% in the 3rd quarter, Holdings Channel reports. The firm owned 215,956 shares of the shipping company’s stock after selling 39,719 shares during the quarter. Allianz Asset Management GmbH’s holdings in Dorian LPG were worth $6,435,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LPG. NewEdge Advisors LLC raised its holdings in Dorian LPG by 1,003.8% during the first quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company’s stock valued at $32,000 after buying an additional 1,315 shares in the last quarter. Evermay Wealth Management LLC acquired a new position in shares of Dorian LPG during the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC raised its stake in shares of Dorian LPG by 429.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,652 shares of the shipping company’s stock valued at $40,000 after acquiring an additional 1,340 shares in the last quarter. Citizens National Bank Trust Department acquired a new stake in Dorian LPG in the 3rd quarter worth approximately $45,000. Finally, CoreCap Advisors LLC bought a new stake in Dorian LPG during the third quarter worth approximately $82,000. 62.50% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Tim Truels Hansen sold 25,000 shares of Dorian LPG stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total transaction of $721,250.00. Following the sale, the insider directly owned 212,842 shares in the company, valued at approximately $6,140,491.70. The trade was a 10.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John C. Hadjipateras bought 15,000 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was acquired at an average cost of $27.30 per share, for a total transaction of $409,500.00. Following the purchase, the chief executive officer owned 153,500 shares of the company’s stock, valued at $4,190,550. This trade represents a 10.83% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 13.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Dorian LPG Stock Down 1.8%

NYSE LPG opened at $31.78 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.40 and a current ratio of 2.41. The firm has a 50-day simple moving average of $26.70 and a 200 day simple moving average of $28.20. Dorian LPG Ltd. has a twelve month low of $16.66 and a twelve month high of $33.01. The stock has a market cap of $1.36 billion, a PE ratio of 11.19 and a beta of 0.58.

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

Dorian LPG Dividend Announcement

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

Dorian LPG Profile

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.