Allianz Asset Management GmbH Sells 52,902 Shares of Dorian LPG Ltd. (NYSE:LPG)

Allianz Asset Management GmbH decreased its position in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 20.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,818 shares of the shipping company's stock after selling 52,902 shares during the quarter. Allianz Asset Management GmbH owned 0.47% of Dorian LPG worth $4,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Dorian LPG by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 1,001,189 shares of the shipping company's stock worth $24,404,000 after purchasing an additional 36,967 shares during the period. Bridgeway Capital Management LLC boosted its holdings in shares of Dorian LPG by 2.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 449,109 shares of the shipping company's stock worth $10,945,000 after purchasing an additional 11,550 shares during the period. Northern Trust Corp boosted its holdings in shares of Dorian LPG by 20.1% in the 4th quarter. Northern Trust Corp now owns 418,569 shares of the shipping company's stock worth $10,201,000 after purchasing an additional 70,046 shares during the period. Focus Partners Wealth boosted its holdings in shares of Dorian LPG by 9.1% in the 4th quarter. Focus Partners Wealth now owns 248,650 shares of the shipping company's stock worth $6,060,000 after purchasing an additional 20,830 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Dorian LPG by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 213,052 shares of the shipping company's stock worth $4,760,000 after purchasing an additional 5,025 shares during the period. Institutional investors own 62.50% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on LPG shares. Wall Street Zen upgraded Dorian LPG from a "sell" rating to a "hold" rating in a report on Sunday, June 1st. Jefferies Financial Group lifted their target price on Dorian LPG from $33.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, July 11th.

Dorian LPG Trading Down 5.3%

LPG traded down $1.52 during trading hours on Friday, reaching $27.27. 855,886 shares of the company's stock traded hands, compared to its average volume of 741,430. The firm has a 50-day moving average price of $25.53 and a 200 day moving average price of $23.31. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $39.35. The company has a quick ratio of 3.52, a current ratio of 3.54 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.16 billion, a PE ratio of 12.65 and a beta of 0.77.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its earnings results on Friday, August 1st. The shipping company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.34). Dorian LPG had a return on equity of 8.88% and a net margin of 25.52%. During the same period in the previous year, the firm earned $1.26 earnings per share. The business's quarterly revenue was down 26.3% on a year-over-year basis. As a group, sell-side analysts predict that Dorian LPG Ltd. will post 2.6 EPS for the current fiscal year.

Dorian LPG Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 8.8%.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.