Cubist Systematic Strategies LLC Raises Stake in Dorian LPG Ltd. (NYSE:LPG)

Cubist Systematic Strategies LLC boosted its stake in Dorian LPG Ltd. (NYSE:LPG) by 57.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,322 shares of the shipping company’s stock after acquiring an additional 17,598 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.11% of Dorian LPG worth $1,178,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bridgeway Capital Management LLC boosted its holdings in 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 acquiring an additional 11,550 shares during the period. AQR Capital Management LLC boosted its holdings in Dorian LPG by 49.0% in the 4th quarter. AQR Capital Management LLC now owns 165,916 shares of the shipping company’s stock worth $4,043,000 after acquiring an additional 54,532 shares during the period. Northern Trust Corp boosted its holdings in 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 acquiring an additional 70,046 shares during the period. Quarry LP boosted its holdings in Dorian LPG by 155.3% in the 4th quarter. Quarry LP now owns 2,035 shares of the shipping company’s stock worth $50,000 after acquiring an additional 1,238 shares during the period. Finally, Oxford Asset Management LLP purchased a new position in Dorian LPG in the 4th quarter worth approximately $220,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

Dorian LPG Stock Performance

Shares of LPG opened at $23.69 on Wednesday. The business’s 50 day moving average is $21.19 and its two-hundred day moving average is $23.37. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $51.66. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 6.03 and a beta of 0.71. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48.

Analysts Set New Price Targets

LPG has been the subject of a number of analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $35.00 price target on shares of Dorian LPG in a report on Friday, January 31st. Pareto Securities raised Dorian LPG to a “buy” rating in a research report on Tuesday, February 4th.

Insider Buying and Selling at Dorian LPG

In other Dorian LPG news, CEO John C. Hadjipateras bought 12,500 shares of the business’s stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of $17.75 per share, with a total value of $221,875.00. Following the transaction, the chief executive officer now directly owns 1,824,386 shares in the company, valued at approximately $32,382,851.50. This trade represents a 0.69% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 13.40% of the stock is currently owned by corporate insiders.

About Dorian LPG

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.