Boothbay Fund Management LLC Invests $1.78 Million in BW LPG Limited (NYSE:BWLP)

Boothbay Fund Management LLC purchased a new position in BW LPG Limited (NYSE:BWLP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 158,008 shares of the company's stock, valued at approximately $1,778,000. Boothbay Fund Management LLC owned 0.12% of BW LPG as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BWLP. Jane Street Group LLC purchased a new position in shares of BW LPG in the third quarter worth $305,000. Avior Wealth Management LLC lifted its position in shares of BW LPG by 98.0% during the 4th quarter. Avior Wealth Management LLC now owns 5,862 shares of the company's stock valued at $67,000 after buying an additional 2,902 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of BW LPG by 30.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 28,301 shares of the company's stock worth $321,000 after purchasing an additional 6,601 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of BW LPG by 600.5% in the fourth quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company's stock valued at $8,750,000 after acquiring an additional 660,269 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in BW LPG in the 4th quarter worth approximately $26,000.

Analyst Upgrades and Downgrades

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

BW LPG Trading Up 4.4 %

Shares of NYSE:BWLP traded up $0.44 during trading hours on Friday, hitting $10.54. 421,661 shares of the company's stock traded hands, compared to its average volume of 374,216. The business has a fifty day moving average price of $10.33 and a 200-day moving average price of $11.62. The firm has a market capitalization of $1.39 billion and a P/E ratio of 3.96. 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 $7.86 and a 1 year high of $22.31.

BW LPG (NYSE:BWLP - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $127.57 million during the quarter, compared to the consensus estimate of $183.00 million.

BW LPG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.68 dividend on an annualized basis and a yield of 15.94%. BW LPG's dividend payout ratio is currently 63.16%.

BW LPG Profile

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.