How Dorian LPG Ltd (LPG) Stocks Up Against Its Peers

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that sold off their entire stakes in the stock during the third quarter. At the top of the heap, Paul Orlin and Alex Porter’s Amici Capital sold off the biggest stake of all the hedgies studied by Insider Monkey, valued at about $2.1 million in stock, and Israel Englander’s Millennium Management was right behind this move, as the fund dropped about $0.7 million worth of shares.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Dorian LPG Ltd (NYSE:LPG) but similarly valued. We will take a look at UMH Properties, Inc (NYSE:UMH), BioScrip Inc. (NASDAQ:BIOS), Supreme Industries, Inc. (NYSEAMEX:STS), and Renewable Energy Group Inc (NASDAQ:REGI). This group of stocks’ market valuations resemble LPG’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
UMH 5 28818 1
BIOS 20 153706 -3
STS 9 24816 3
REGI 15 53777 -2

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $65 million. That figure was $57 million in LPG’s case. BioScrip Inc. (NASDAQ:BIOS) is the most popular stock in this table. On the other hand UMH Properties, Inc (NYSE:UMH) is the least popular one with only 5 bullish hedge fund positions. Dorian LPG Ltd (NYSE:LPG) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard BIOS might be a better candidate to consider taking a long position in.

Disclosure: None