Allianz Asset Management GmbH Sells 816,743 Shares of BW LPG Limited (NYSE:BWLP)

Allianz Asset Management GmbH lowered its holdings in BW LPG Limited (NYSE:BWLP - Free Report) by 69.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 367,068 shares of the company's stock after selling 816,743 shares during the quarter. Allianz Asset Management GmbH owned 0.28% of BW LPG worth $3,972,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BWLP. Bank of New York Mellon Corp increased its position in shares of BW LPG by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 821,317 shares of the company's stock valued at $8,936,000 after buying an additional 51,098 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of BW LPG by 76.7% during the 4th quarter. Mackenzie Financial Corp now owns 87,906 shares of the company's stock worth $999,000 after purchasing an additional 38,144 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of BW LPG by 9.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 36,360 shares of the company's stock worth $401,000 after purchasing an additional 3,022 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in BW LPG by 33.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,564 shares of the company's stock worth $802,000 after acquiring an additional 17,573 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in BW LPG by 202.4% during the 4th quarter. Two Sigma Investments LP now owns 113,018 shares of the company's stock worth $1,284,000 after acquiring an additional 75,647 shares in the last quarter.

BW LPG Stock Performance

BWLP traded down $0.16 during trading on Friday, reaching $13.21. 297,495 shares of the company were exchanged, compared to its average volume of 438,274. The stock has a market cap of $1.74 billion and a P/E ratio of 7.00. The firm has a 50 day moving average of $12.17 and a 200 day moving average of $11.50. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.44. BW LPG Limited has a 52 week low of $7.86 and a 52 week high of $16.82.

BW LPG (NYSE:BWLP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.09. The business had revenue of $158.70 million during the quarter, compared to analyst estimates of $183.96 million. BW LPG had a return on equity of 14.58% and a net margin of 7.63%.

BW LPG Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were given a $0.28 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 1,060.0%. BW LPG's dividend payout ratio (DPR) is currently 59.26%.

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.