126,835 Shares in BW LPG Limited $BWLP Acquired by Legal & General Group Plc

Key Points

• Legal & General Group Plc acquired 126,835 BW LPG shares worth approximately $2.21 million, while several other institutional investors also initiated positions.
• Analyst sentiment remains positive overall, with three Buy ratings and two Hold ratings, giving BW LPG an average “Moderate Buy” rating despite mixed recent target changes.
• BW LPG reported quarterly EPS of $0.79, below the $1.17 consensus estimate, but increased its quarterly dividend to $8.8914 per share, implying a reported annualized yield of 143.6%.

Legal & General Group Plc purchased a new position in shares of BW LPG Limited (NYSE:BWLP - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 126,835 shares of the company's stock, valued at approximately $2,211,000. Legal & General Group Plc owned about 0.08% of BW LPG at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Advisory Services Network LLC acquired a new stake in shares of BW LPG in the third quarter worth $36,000. Global Retirement Partners LLC purchased a new stake in BW LPG in the fourth quarter valued at $43,000. Raymond James Financial Inc. acquired a new stake in BW LPG during the 2nd quarter worth about $47,000. Pinnacle Holdings LLC acquired a new stake in BW LPG during the 2nd quarter worth about $52,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of BW LPG during the 3rd quarter valued at about $62,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BWLP shares. Wall Street Zen cut BW LPG from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. Clarkson Capital upgraded BW LPG from a "neutral" rating to a "buy" rating in a research report on Thursday, August 20th. Dnb Carnegie raised shares of BW LPG from a "strong sell" rating to a "hold" rating in a research note on Monday, May 18th. Weiss Ratings raised shares of BW LPG from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 15th. Finally, Pareto Securities lowered shares of BW LPG from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 16th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

BW LPG Stock Up 0.7%

BW LPG stock opened at $24.77 on Friday. The stock has a market capitalization of $3.75 billion, a PE ratio of 8.43 and a beta of 0.99. BW LPG Limited has a 12 month low of $11.72 and a 12 month high of $25.48. The business has a 50 day simple moving average of $21.67 and a 200-day simple moving average of $19.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.29.

BW LPG (NYSE:BWLP - Get Free Report) last announced its earnings results on Saturday, August 29th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.17 by ($0.38). BW LPG had a net margin of 12.64% and a return on equity of 22.48%. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $318.01 million.

BW LPG Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $8.8914 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This is a positive change from BW LPG's previous quarterly dividend of $6.20. This represents a $35.57 annualized dividend and a yield of 143.6%. BW LPG's payout ratio is 129.25%.

BW LPG Company 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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