Swiss National Bank Purchases 1,071 Shares of BW LPG Limited (NYSE:BWLP)

Swiss National Bank lifted its holdings in shares of BW LPG Limited (NYSE:BWLP) by 0.6% in the 4th quarter, Holdings Channel reports. The firm owned 166,377 shares of the company’s stock after acquiring an additional 1,071 shares during the period. Swiss National Bank’s holdings in BW LPG were worth $1,836,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new stake in BW LPG in the 3rd quarter worth approximately $341,000. The Manufacturers Life Insurance Company purchased a new position in shares of BW LPG during the third quarter worth approximately $5,653,000. BNP Paribas Financial Markets bought a new stake in shares of BW LPG in the 3rd quarter worth approximately $280,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of BW LPG in the 3rd quarter valued at $444,000. Finally, Centiva Capital LP bought a new position in shares of BW LPG during the 3rd quarter valued at $183,000.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities raised shares of BW LPG from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th.

BW LPG Trading Up 1.8 %

Shares of BWLP stock opened at $11.22 on Friday. The business has a 50-day moving average of $11.91 and a 200 day moving average of $12.61. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16. BW LPG Limited has a 1-year low of $9.95 and a 1-year high of $22.31. The stock has a market capitalization of $1.48 billion and a PE ratio of 4.22.

BW LPG (NYSE:BWLP) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $127.57 million for the quarter, compared to analysts’ expectations of $183.00 million.

BW LPG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 14.98%. The ex-dividend date of this dividend was Monday, March 10th. BW LPG’s dividend payout ratio (DPR) is presently 63.16%.

About BW LPG

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.