BW LPG Limited (NYSE:BWLP) Position Trimmed by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its stake in BW LPG Limited (NYSE:BWLP) by 62.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 686,781 shares of the company’s stock after selling 1,127,203 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.52% of BW LPG worth $7,626,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of BWLP. Bank of New York Mellon Corp raised its position in shares of BW LPG by 600.5% during the fourth quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock worth $8,750,000 after purchasing an additional 660,269 shares during the period. Amundi increased its stake in BW LPG by 22.4% in the 4th quarter. Amundi now owns 2,208,258 shares of the company’s stock worth $25,152,000 after purchasing an additional 404,323 shares in the last quarter. Virtu Financial LLC acquired a new stake in BW LPG during the 4th quarter worth about $380,000. Public Employees Retirement System of Ohio acquired a new stake in BW LPG during the 3rd quarter worth about $476,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in BW LPG during the third quarter valued at about $444,000.

Analyst Ratings Changes

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

BW LPG Price Performance

Shares of NYSE:BWLP opened at $8.71 on Monday. The company’s fifty day moving average is $11.74 and its two-hundred day moving average is $12.44. The company has a market cap of $1.15 billion and a P/E ratio of 3.27. BW LPG Limited has a 12-month low of $8.50 and a 12-month high of $22.31. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15.

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

BW LPG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 19.30%. The ex-dividend date of this dividend was Monday, March 10th. BW LPG’s dividend payout ratio is currently 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.