BW LPG Limited (NYSE:BWLP) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. grew its holdings in BW LPG Limited (NYSE:BWLP - Free Report) by 27.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 238,053 shares of the company's stock after acquiring an additional 51,158 shares during the quarter. Alliancebernstein L.P. owned 0.18% of BW LPG worth $2,704,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in BW LPG during the 4th quarter worth approximately $26,000. Avior Wealth Management LLC lifted its stake in shares of BW LPG by 98.0% during the fourth quarter. Avior Wealth Management LLC now owns 5,862 shares of the company's stock worth $67,000 after buying an additional 2,902 shares during the period. HighTower Advisors LLC purchased a new stake in shares of BW LPG during the third quarter valued at $219,000. Jane Street Group LLC acquired a new position in shares of BW LPG in the 3rd quarter valued at $305,000. Finally, Exchange Traded Concepts LLC raised its stake in BW LPG by 30.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,301 shares of the company's stock worth $321,000 after acquiring an additional 6,601 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

BW LPG Price Performance

Shares of BWLP traded up $0.24 during mid-day trading on Friday, hitting $9.47. 153,926 shares of the company were exchanged, compared to its average volume of 370,532. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34. BW LPG Limited has a 1-year low of $7.86 and a 1-year high of $22.31. The stock has a market cap of $1.25 billion and a price-to-earnings ratio of 3.56. The company has a 50 day moving average of $10.87 and a 200-day moving average of $11.98.

BW LPG (NYSE:BWLP - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. The company 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 announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 17.75%. The ex-dividend date was Monday, March 10th. BW LPG's dividend payout ratio (DPR) is 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.