Teza Capital Management LLC Purchases 93,006 Shares of Dorian LPG Ltd. (NYSE:LPG)

Teza Capital Management LLC boosted its stake in shares of Dorian LPG Ltd. (NYSE:LPG) by 1,025.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,072 shares of the shipping company’s stock after purchasing an additional 93,006 shares during the quarter. Teza Capital Management LLC owned about 0.24% of Dorian LPG worth $2,487,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming lifted its holdings in shares of Dorian LPG by 49.8% during the fourth quarter. State of Wyoming now owns 11,317 shares of the shipping company’s stock worth $276,000 after buying an additional 3,763 shares in the last quarter. ProShare Advisors LLC raised its stake in Dorian LPG by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 10,958 shares of the shipping company’s stock valued at $267,000 after purchasing an additional 3,376 shares in the last quarter. Numerai GP LLC acquired a new position in Dorian LPG during the fourth quarter worth about $245,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Dorian LPG by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,689 shares of the shipping company’s stock worth $504,000 after acquiring an additional 797 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Dorian LPG by 4.6% during the fourth quarter. Janus Henderson Group PLC now owns 39,655 shares of the shipping company’s stock worth $966,000 after acquiring an additional 1,736 shares in the last quarter. 62.50% of the stock is owned by institutional investors.

Insider Buying and Selling at Dorian LPG

In other news, CEO John C. Hadjipateras bought 12,500 shares of the company’s stock in a transaction on Tuesday, April 8th. The shares were 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. This represents a 0.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 13.40% of the company’s stock.

Dorian LPG Stock Performance

Shares of LPG opened at $23.61 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. The stock has a 50-day moving average of $21.38 and a 200-day moving average of $23.23. The company has a market cap of $1.01 billion, a PE ratio of 6.01 and a beta of 0.71. Dorian LPG Ltd. has a one year low of $16.66 and a one year high of $51.66.

Dorian LPG Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and set 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.

Dorian LPG 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.