Cubist Systematic Strategies LLC Invests $345,000 in Dorian LPG Ltd (NYSE:LPG)

Share on StockTwits

Cubist Systematic Strategies LLC bought a new position in Dorian LPG Ltd (NYSE:LPG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 38,221 shares of the shipping company’s stock, valued at approximately $345,000. Cubist Systematic Strategies LLC owned about 0.07% of Dorian LPG as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC bought a new stake in shares of Dorian LPG in the 2nd quarter worth about $27,000. Rhumbline Advisers grew its holdings in Dorian LPG by 3.3% during the 1st quarter. Rhumbline Advisers now owns 40,409 shares of the shipping company’s stock worth $259,000 after acquiring an additional 1,300 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in Dorian LPG during the 2nd quarter worth about $413,000. Charles Schwab Investment Management Inc. grew its holdings in Dorian LPG by 27.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 68,218 shares of the shipping company’s stock worth $616,000 after acquiring an additional 14,639 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Dorian LPG by 3.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 124,674 shares of the shipping company’s stock worth $1,124,000 after acquiring an additional 3,929 shares during the last quarter. 56.29% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:LPG opened at $11.49 on Friday. Dorian LPG Ltd has a 12 month low of $5.26 and a 12 month high of $11.79. The company’s 50-day moving average price is $10.54 and its two-hundred day moving average price is $8.87. The company has a quick ratio of 1.14, a current ratio of 1.16 and a debt-to-equity ratio of 0.67. The firm has a market cap of $599.09 million, a P/E ratio of -14.54 and a beta of 1.11.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Wednesday, August 7th. The shipping company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. Dorian LPG had a negative net margin of 12.67% and a negative return on equity of 0.94%. The firm had revenue of $61.17 million for the quarter, compared to analyst estimates of $56.10 million.

In other Dorian LPG news, CFO Theodore B. Young sold 5,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $9.70, for a total transaction of $48,500.00. Following the transaction, the chief financial officer now directly owns 135,691 shares in the company, valued at approximately $1,316,202.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Group Ltd Bw sold 50,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $11.00, for a total transaction of $550,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 822,474 shares of company stock worth $8,458,355. Insiders own 26.40% of the company’s stock.

A number of brokerages have commented on LPG. Zacks Investment Research raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Friday, October 4th. TheStreet raised shares of Dorian LPG from a “d+” rating to a “c” rating in a report on Monday, August 26th. ValuEngine lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Wells Fargo & Co raised shares of Dorian LPG from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $8.00 to $15.00 in a report on Thursday, July 25th. Finally, DNB Markets lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Friday, June 21st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $13.50.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.

Read More: Cost of Goods Sold (COGS)

Want to see what other hedge funds are holding LPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorian LPG Ltd (NYSE:LPG).

Institutional Ownership by Quarter for Dorian LPG (NYSE:LPG)

Receive News & Ratings for Dorian LPG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorian LPG and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

D. E. Shaw & Co. Inc. Grows Position in James Hardie Industries plc
D. E. Shaw & Co. Inc. Grows Position in James Hardie Industries plc
D. E. Shaw & Co. Inc. Acquires Shares of 4,690 Five9 Inc
D. E. Shaw & Co. Inc. Acquires Shares of 4,690 Five9 Inc
D. E. Shaw & Co. Inc. Lowers Stake in Gladstone Investment Co.
D. E. Shaw & Co. Inc. Lowers Stake in Gladstone Investment Co.
Switch Inc  Shares Sold by D. E. Shaw & Co. Inc.
Switch Inc Shares Sold by D. E. Shaw & Co. Inc.
D. E. Shaw & Co. Inc. Sells 476 Shares of Tennant
D. E. Shaw & Co. Inc. Sells 476 Shares of Tennant
D. E. Shaw & Co. Inc. Has $255,000 Holdings in Frontdoor Inc
D. E. Shaw & Co. Inc. Has $255,000 Holdings in Frontdoor Inc


© 2006-2019 Ticker Report