349,601 Shares in BW LPG Limited $BWLP Bought by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company acquired 349,601 BW LPG shares worth approximately $6.1 million, representing about 0.23% of the company. Several other institutional investors also increased or initiated positions.
• Analyst sentiment remains positive but mixed, with three Buy ratings and two Hold ratings; MarketBeat assigns BW LPG an overall “Moderate Buy” rating.
• BW LPG reported quarterly EPS of $0.79, below the $1.17 consensus estimate, while announcing a higher quarterly dividend of $8.8914 per share—an annualized yield reported at 146.8%.

The Manufacturers Life Insurance Company purchased a new position in BW LPG Limited (NYSE:BWLP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 349,601 shares of the company's stock, valued at approximately $6,073,000. The Manufacturers Life Insurance Company owned about 0.23% of BW LPG as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its holdings in shares of BW LPG by 34.6% in the second quarter. Ameriprise Financial Inc. now owns 2,257,314 shares of the company's stock worth $26,704,000 after buying an additional 579,987 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in BW LPG during the 1st quarter valued at about $9,646,000. Fearnley Asset Management AS purchased a new stake in BW LPG during the 4th quarter valued at about $5,388,000. Millennium Management LLC bought a new position in BW LPG during the 4th quarter worth approximately $5,027,000. Finally, Skandinaviska Enskilda Banken AB publ grew its position in BW LPG by 115,776.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 203,942 shares of the company's stock worth $2,549,000 after acquiring an additional 203,766 shares during the last quarter.

Wall Street Analyst Weigh In

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

BW LPG Price Performance

Shares of NYSE BWLP opened at $24.22 on Tuesday. BW LPG Limited has a 1 year low of $11.72 and a 1 year high of $25.48. The stock has a market capitalization of $3.67 billion, a P/E ratio of 8.24 and a beta of 0.98. The company's 50-day moving average is $21.17 and its 200 day moving average is $19.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.47 and a quick ratio of 1.29.

BW LPG (NYSE:BWLP - Get Free Report) last issued its quarterly earnings data on Friday, August 28th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.38). The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $318.01 million. BW LPG had a return on equity of 22.75% and a net margin of 12.64%.

BW LPG Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Tuesday, September 8th will be paid a $8.8914 dividend. This represents a $35.57 dividend on an annualized basis and a dividend yield of 146.8%. The ex-dividend date is Tuesday, September 8th. This is a boost from BW LPG's previous quarterly dividend of $6.20. BW LPG's dividend payout ratio (DPR) is 91.16%.

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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