Persistent Asset Partners Ltd purchased a new position in shares of BW LPG Limited (NYSE:BWLP – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 43,398 shares of the company’s stock, valued at approximately $568,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of BW LPG in the 3rd quarter valued at $36,000. Global Retirement Partners LLC purchased a new position in shares of BW LPG during the fourth quarter worth $43,000. Raymond James Financial Inc. purchased a new position in shares of BW LPG during the second quarter worth $47,000. BNP Paribas Financial Markets acquired a new position in BW LPG during the third quarter valued at $62,000. Finally, Optiver Holding B.V. lifted its position in BW LPG by 99.3% during the third quarter. Optiver Holding B.V. now owns 4,541 shares of the company’s stock valued at $65,000 after purchasing an additional 2,263 shares during the period.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on BWLP. Wall Street Zen downgraded BW LPG from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Kepler Capital Markets upgraded BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Pareto Securities lowered BW LPG to a “hold” rating in a report on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of BW LPG in a research report on Friday, May 22nd. Finally, Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, BW LPG has a consensus rating of “Hold”.
BW LPG Stock Down 6.3%
BWLP opened at $19.24 on Wednesday. The company has a fifty day moving average of $19.90 and a two-hundred day moving average of $16.68. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of 8.08 and a beta of 1.08. BW LPG Limited has a fifty-two week low of $11.58 and a fifty-two week high of $22.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.47.
BW LPG (NYSE:BWLP – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported $1.08 earnings per share (EPS) for the quarter. The business had revenue of $838.89 million for the quarter. BW LPG had a net margin of 10.13% and a return on equity of 18.51%.
BW LPG Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Friday, June 12th will be given a dividend of $6.196 per share. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date is Friday, June 12th. This represents a $24.78 dividend on an annualized basis and a dividend yield of 128.8%. BW LPG’s payout ratio is 112.61%.
BW LPG Profile
BW LPG (NYSE: BWLP) is a pure‐play owner and operator of liquefied petroleum gas (LPG) carriers. The company’s core business centers on the maritime transportation of LPG, predominantly propane and butane, under both time‐ and voyage‐charter arrangements. Its fleet comprises pressurized and semi‐refrigerated vessels designed to meet the specific requirements of LPG producers, traders and end‐users around the world.
Headquartered in Singapore, BW LPG serves a global customer base, with commercial offices in key energy hubs including Houston, London, Dubai and Tokyo.
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