Vanguard Group Inc. Raises Position in BW LPG Limited (NYSE:BWLP)

Vanguard Group Inc. lifted its stake in shares of BW LPG Limited (NYSE:BWLP) by 0.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,152,366 shares of the company’s stock after buying an additional 13,010 shares during the period. Vanguard Group Inc.’s holdings in BW LPG were worth $35,013,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Amundi increased its position in shares of BW LPG by 22.4% during the fourth quarter. Amundi now owns 2,208,258 shares of the company’s stock valued at $25,152,000 after acquiring an additional 404,323 shares during the last quarter. Bank of New York Mellon Corp grew its stake in BW LPG by 600.5% in the 4th quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock valued at $8,750,000 after purchasing an additional 660,269 shares during the period. Swiss National Bank increased its position in shares of BW LPG by 0.6% during the 4th quarter. Swiss National Bank now owns 166,377 shares of the company’s stock valued at $1,836,000 after purchasing an additional 1,071 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of BW LPG during the 4th quarter valued at $380,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of BW LPG during the 3rd quarter worth $476,000.

BW LPG Trading Up 7.0 %

Shares of BWLP stock opened at $9.31 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.23 billion and a P/E ratio of 3.50. The company has a 50 day moving average of $11.24 and a 200-day moving average of $12.18. BW LPG Limited has a 12-month low of $7.86 and a 12-month high of $22.31.

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

BW LPG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 18.05%. The ex-dividend date was Monday, March 10th. BW LPG’s dividend payout ratio is currently 63.16%.

Analyst Ratings Changes

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

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.