Numerai GP LLC Takes $245,000 Position in Dorian LPG Ltd. (NYSE:LPG)

Numerai GP LLC bought a new position in shares of Dorian LPG Ltd. (NYSE:LPG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,050 shares of the shipping company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also bought and sold shares of LPG. Barclays PLC increased its position in shares of Dorian LPG by 392.6% during the 3rd quarter. Barclays PLC now owns 62,935 shares of the shipping company’s stock worth $2,167,000 after purchasing an additional 50,160 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Dorian LPG by 14.7% in the third quarter. JPMorgan Chase & Co. now owns 197,574 shares of the shipping company’s stock valued at $6,800,000 after buying an additional 25,343 shares in the last quarter. Procyon Advisors LLC increased its holdings in Dorian LPG by 4.7% during the fourth quarter. Procyon Advisors LLC now owns 15,894 shares of the shipping company’s stock worth $387,000 after buying an additional 719 shares during the last quarter. Viking Fund Management LLC bought a new stake in Dorian LPG during the fourth quarter worth $219,000. Finally, Inspire Investing LLC raised its position in Dorian LPG by 34.4% during the fourth quarter. Inspire Investing LLC now owns 17,659 shares of the shipping company’s stock worth $430,000 after acquiring an additional 4,515 shares in the last quarter. Institutional investors own 62.50% of the company’s stock.

Insider Activity at Dorian LPG

In other Dorian LPG news, CEO John C. Hadjipateras purchased 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $221,875.00. Following the completion of the purchase, the chief executive officer now owns 1,824,386 shares of the company’s stock, valued at approximately $32,382,851.50. The trade was a 0.69% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.40% of the stock is owned by company insiders.

Dorian LPG Trading Down 0.3%

Shares of Dorian LPG stock opened at $23.72 on Friday. 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 has a fifty day simple moving average of $21.32 and a two-hundred day simple moving average of $23.32. Dorian LPG Ltd. has a 1 year low of $16.66 and a 1 year high of $51.66. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 6.04 and a beta of 0.71.

Dorian LPG Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 16th. This represents a yield of 13.5%. Dorian LPG’s dividend payout ratio (DPR) is currently 25.45%.

Wall Street Analysts Forecast Growth

LPG has been the topic of several recent analyst reports. Jefferies Financial Group restated a “buy” rating and set a $35.00 price objective on shares of Dorian LPG in a research note on Friday, January 31st. Pareto Securities upgraded Dorian LPG to a “buy” rating in a report on Tuesday, February 4th.

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.