Cubist Systematic Strategies LLC Buys 17,598 Shares of Dorian LPG Ltd. (NYSE:LPG)

Cubist Systematic Strategies LLC lifted its stake in Dorian LPG Ltd. (NYSE:LPG - Free Report) by 57.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,322 shares of the shipping company's stock after purchasing 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 modified their holdings of LPG. Barclays PLC boosted its holdings in shares of Dorian LPG by 392.6% in 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 period. JPMorgan Chase & Co. boosted its holdings in shares of Dorian LPG by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 197,574 shares of the shipping company's stock worth $6,800,000 after purchasing an additional 25,343 shares during the period. GAMMA Investing LLC boosted its holdings in Dorian LPG by 146.2% during the 4th quarter. GAMMA Investing LLC now owns 2,194 shares of the shipping company's stock valued at $53,000 after acquiring an additional 1,303 shares during the period. Procyon Advisors LLC boosted its holdings in Dorian LPG by 4.7% during the 4th quarter. Procyon Advisors LLC now owns 15,894 shares of the shipping company's stock valued at $387,000 after acquiring an additional 719 shares during the period. Finally, Viking Fund Management LLC purchased a new position in Dorian LPG during the 4th quarter valued at $219,000. Hedge funds and other institutional investors own 62.50% of the company's stock.

Dorian LPG Trading Down 0.4%

LPG traded down $0.10 during trading hours on Friday, reaching $23.61. 508,470 shares of the company's stock traded hands, compared to its average volume of 717,331. The company has a quick ratio of 3.95, a current ratio of 3.97 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $21.38 and a 200 day moving average price of $23.28. The firm has a market capitalization of $1.01 billion, a PE ratio of 6.01 and a beta of 0.71. Dorian LPG Ltd. has a 52-week low of $16.66 and a 52-week high of $51.66.

Dorian LPG Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be given a dividend of $0.50 per share. This represents a yield of 13.5%. The ex-dividend date of this dividend is Friday, May 16th. Dorian LPG's dividend payout ratio (DPR) is presently 25.45%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Pareto Securities upgraded Dorian LPG to a "buy" rating in a report on Tuesday, February 4th. Jefferies Financial Group restated a "buy" rating and set a $35.00 price objective on shares of Dorian LPG in a report on Friday, January 31st.

Insider Buying and Selling at Dorian LPG

In other news, CEO John C. Hadjipateras bought 12,500 shares of the firm's stock in a transaction on Tuesday, April 8th. The stock was acquired 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.