Dorian LPG Ltd. (NYSE:LPG) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lifted its holdings in shares of Dorian LPG Ltd. (NYSE:LPG) by 57.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,322 shares of the shipping company’s stock after buying an additional 17,598 shares during the period. Cubist Systematic Strategies LLC’s holdings in Dorian LPG were worth $1,178,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Beacon Capital Management LLC grew its position in shares of Dorian LPG by 61.1% during the 4th quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock valued at $27,000 after buying an additional 428 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Dorian LPG during the 4th quarter valued at about $37,000. Quarry LP grew its position in shares of Dorian LPG by 155.3% during the 4th quarter. Quarry LP now owns 2,035 shares of the shipping company’s stock valued at $50,000 after buying an additional 1,238 shares during the last quarter. KBC Group NV increased its position in Dorian LPG by 84.6% in the fourth quarter. KBC Group NV now owns 2,075 shares of the shipping company’s stock worth $51,000 after buying an additional 951 shares during the period. Finally, GAMMA Investing LLC increased its position in Dorian LPG by 146.2% in the fourth quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company’s stock worth $53,000 after buying an additional 1,303 shares during the period. Institutional investors own 62.50% of the company’s stock.

Insider Transactions at Dorian LPG

In other Dorian LPG news, CEO John C. Hadjipateras purchased 12,500 shares of the firm’s stock in a transaction dated Tuesday, April 8th. The stock was bought at an average price of $17.75 per share, with a total value of $221,875.00. Following the completion of the purchase, the chief executive officer now owns 1,824,386 shares in the company, valued at $32,382,851.50. This trade represents a 0.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Pareto Securities raised Dorian LPG to a “buy” rating in a research report on Tuesday, February 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $35.00 target price on shares of Dorian LPG in a research report on Friday, January 31st.

Dorian LPG Price Performance

Shares of NYSE LPG opened at $23.69 on Wednesday. Dorian LPG Ltd. has a 1-year low of $16.66 and a 1-year high of $51.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. The business’s fifty day moving average price is $21.19 and its two-hundred day moving average price is $23.37. The firm has a market capitalization of $1.01 billion, a PE ratio of 6.03 and a beta of 0.71.

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.