Numerai GP LLC Makes New Investment in Dorian LPG Ltd. (NYSE:LPG)

Numerai GP LLC purchased a new stake in Dorian LPG Ltd. (NYSE:LPG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,050 shares of the shipping company’s stock, valued at approximately $245,000.

A number of other hedge funds have also modified their holdings of LPG. Beacon Capital Management LLC increased its stake in Dorian LPG by 61.1% in the fourth quarter. Beacon Capital Management LLC now owns 1,128 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 428 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Dorian LPG by 2.5% in the 4th quarter. Franklin Resources Inc. now owns 22,593 shares of the shipping company’s stock valued at $551,000 after buying an additional 545 shares during the period. Voya Investment Management LLC raised its stake in Dorian LPG by 3.8% during the 4th quarter. Voya Investment Management LLC now owns 15,791 shares of the shipping company’s stock worth $385,000 after buying an additional 572 shares during the period. Russell Investments Group Ltd. raised its stake in Dorian LPG by 3.1% during the 4th quarter. Russell Investments Group Ltd. now owns 21,911 shares of the shipping company’s stock worth $534,000 after buying an additional 657 shares during the period. Finally, Procyon Advisors LLC lifted 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 acquiring an additional 719 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

Dorian LPG Price Performance

LPG stock opened at $23.72 on Friday. The stock has a 50-day moving average price of $21.32 and a two-hundred day moving average price of $23.32. Dorian LPG Ltd. has a 1 year low of $16.66 and a 1 year high of $51.66. The stock has a market cap of $1.02 billion, a PE ratio of 6.04 and a beta of 0.71. The company has a current ratio of 3.97, a quick ratio of 3.95 and a debt-to-equity ratio of 0.48.

Dorian LPG Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 16th. This represents a dividend yield of 13.5%. Dorian LPG’s dividend payout ratio is currently 25.45%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, CEO John C. Hadjipateras purchased 12,500 shares of Dorian LPG stock in a transaction on Tuesday, April 8th. The stock was purchased at an average price 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 $32,382,851.50. The trade was a 0.69% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 13.40% of the stock is owned by corporate insiders.

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.