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

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

Other large investors have also modified their holdings of the company. SIH Partners LLLP acquired a new position in BW LPG in the 4th quarter valued at about $114,000. Tower Research Capital LLC TRC increased its position in shares of BW LPG by 101,928.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company's stock worth $81,000 after purchasing an additional 7,135 shares during the last quarter. XTX Topco Ltd increased its position in shares of BW LPG by 9.1% during the 4th quarter. XTX Topco Ltd now owns 27,995 shares of the company's stock worth $318,000 after purchasing an additional 2,324 shares during the last quarter. Barclays PLC raised its holdings in BW LPG by 6.0% in the 4th quarter. Barclays PLC now owns 1,546,077 shares of the company's stock valued at $17,563,000 after buying an additional 86,909 shares during the period. Finally, Franklin Resources Inc. acquired a new position in BW LPG in the fourth quarter valued at about $233,000.

Wall Street Analyst Weigh In

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

BW LPG Trading Up 2.3 %

BW LPG stock traded up $0.23 during trading on Thursday, hitting $10.11. The company had a trading volume of 615,030 shares, compared to its average volume of 372,500. BW LPG Limited has a 1-year low of $7.86 and a 1-year high of $22.31. The company's 50 day simple moving average is $10.36 and its 200-day simple moving average is $11.68. The stock has a market cap of $1.33 billion and a price-to-earnings ratio of 3.80. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15.

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

BW LPG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 16.63%. The ex-dividend date of this dividend was Monday, March 10th. BW LPG's payout ratio is 63.16%.

BW LPG Company 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.