Squarepoint Ops LLC Has $600,000 Stock Position in Dorian LPG Ltd. (NYSE:LPG)

Squarepoint Ops LLC trimmed its holdings in shares of Dorian LPG Ltd. (NYSE:LPG - Free Report) by 50.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,629 shares of the shipping company's stock after selling 24,871 shares during the period. Squarepoint Ops LLC owned 0.06% of Dorian LPG worth $600,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LPG. Beacon Capital Management LLC boosted its position in Dorian LPG by 61.1% in 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 position in Dorian LPG in the 4th quarter valued at $37,000. Quarry LP boosted its position in Dorian LPG by 155.3% in 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 boosted its position in Dorian LPG by 84.6% in the 4th quarter. KBC Group NV now owns 2,075 shares of the shipping company's stock valued at $51,000 after buying an additional 951 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Dorian LPG in the 4th quarter valued at $118,000. 62.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Dorian LPG from a "sell" rating to a "hold" rating in a research report on Sunday.

Insider Activity

In other news, CEO John C. Hadjipateras purchased 12,500 shares of the business's stock in a transaction dated Tuesday, April 8th. The shares were bought at an average cost of $17.75 per share, for a total transaction of $221,875.00. Following the completion of the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.40% of the company's stock.

Dorian LPG Trading Up 2.2%

LPG stock traded up $0.49 during midday trading on Thursday, hitting $22.29. 729,675 shares of the company's stock were exchanged, compared to its average volume of 718,349. The stock's fifty day moving average price is $21.22 and its 200-day moving average price is $22.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.95 and a current ratio of 3.97. The company has a market cap of $953.89 million, a PE ratio of 5.67 and a beta of 0.71. Dorian LPG Ltd. has a one year low of $16.66 and a one year high of $50.30.

Dorian LPG (NYSE:LPG - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The shipping company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. The company had revenue of $75.89 million for the quarter, compared to analyst estimates of $79.04 million. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. The company's quarterly revenue was down 46.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.91 earnings per share. Research analysts predict that Dorian LPG Ltd. will post 2.6 earnings per share for the current fiscal year.

Dorian LPG Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a $0.50 dividend. The ex-dividend date was Friday, May 16th. This represents a dividend yield of 13.5%. Dorian LPG's dividend payout ratio (DPR) is 46.30%.

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.