Dorian LPG Ltd (LPG) Shares Sold by Allianz Asset Management AG

Allianz Asset Management AG reduced its position in Dorian LPG Ltd (NYSE:LPG) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,364 shares of the shipping company’s stock after selling 3,972 shares during the period. Allianz Asset Management AG owned approximately 0.11% of Dorian LPG worth $471,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LPG. Seven Bridges Advisors LLC increased its stake in shares of Dorian LPG by 3.9% in the third quarter. Seven Bridges Advisors LLC now owns 24,421 shares of the shipping company’s stock worth $147,000 after buying an additional 919 shares during the last quarter. Berkeley Capital Partners LLC increased its stake in shares of Dorian LPG by 8.7% in the third quarter. Berkeley Capital Partners LLC now owns 30,378 shares of the shipping company’s stock worth $182,000 after buying an additional 2,435 shares during the last quarter. Oppenheimer & Close LLC increased its stake in shares of Dorian LPG by 41.0% in the third quarter. Oppenheimer & Close LLC now owns 1,286,051 shares of the shipping company’s stock worth $7,716,000 after buying an additional 373,934 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Dorian LPG by 7.2% in the third quarter. Prudential Financial Inc. now owns 139,800 shares of the shipping company’s stock worth $839,000 after buying an additional 9,400 shares during the last quarter. Finally, Boston Partners purchased a new stake in shares of Dorian LPG during the third quarter worth about $1,908,000. 46.79% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Dorian LPG (NYSE:LPG)

Shares of Dorian LPG Ltd (NYSE:LPG) traded up 1.28% during midday trading on Friday, reaching $9.46. 172,719 shares of the company were exchanged. The stock has a market capitalization of $509.44 million, a P/E ratio of 30.81 and a beta of 1.49. Dorian LPG Ltd has a 12-month low of $5.07 and a 12-month high of $12.50. The company has a 50 day moving average price of $10.26 and a 200-day moving average price of $8.81.

Dorian LPG (NYSE:LPG) last posted its earnings results on Monday, January 30th. The shipping company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.18. The business earned $35.70 million during the quarter, compared to analysts’ expectations of $33.38 million. Dorian LPG had a net margin of 8.17% and a return on equity of 0.39%. Dorian LPG’s revenue for the quarter was down 61.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. On average, analysts forecast that Dorian LPG Ltd will post ($0.37) earnings per share for the current fiscal year.

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LPG has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Dorian LPG from a “sell” rating to a “hold” rating in a report on Tuesday, January 3rd. Pareto Securities raised shares of Dorian LPG from a “sell” rating to a “hold” rating in a research note on Wednesday, March 1st.

About Dorian LPG

Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers.

5 Day Chart for NYSE:LPG

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