Amundi Increases Stock Position in BW LPG Limited $BWLP

Key Points

• Amundi increased its stake in BW LPG Limited by 38.1% during the first quarter, owning approximately 2.32% of the company valued at $31.2 million.
• BW LPG reported quarterly earnings of $0.23 per share, falling short of the $0.26 consensus estimate, with revenues at $153 million.
• The company announced a quarterly dividend of $0.22, reflecting a 5.8% dividend yield and a payout ratio of 57.14%.

Amundi boosted its position in shares of BW LPG Limited (NYSE:BWLP - Free Report) by 38.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,050,107 shares of the company's stock after acquiring an additional 841,849 shares during the period. Amundi owned 2.32% of BW LPG worth $31,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jupiter Asset Management Ltd. lifted its position in BW LPG by 14.6% during the first quarter. Jupiter Asset Management Ltd. now owns 308,172 shares of the company's stock valued at $3,335,000 after acquiring an additional 39,345 shares during the last quarter. Jane Street Group LLC increased its stake in BW LPG by 111.4% during the 4th quarter. Jane Street Group LLC now owns 45,132 shares of the company's stock valued at $497,000 after purchasing an additional 23,785 shares in the last quarter. Bank of New York Mellon Corp increased its stake in BW LPG by 6.6% during the 1st quarter. Bank of New York Mellon Corp now owns 821,317 shares of the company's stock valued at $8,936,000 after purchasing an additional 51,098 shares in the last quarter. Vanguard Group Inc. increased its stake in BW LPG by 7.6% during the 1st quarter. Vanguard Group Inc. now owns 3,391,944 shares of the company's stock valued at $36,915,000 after purchasing an additional 239,578 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in BW LPG during the 4th quarter valued at approximately $1,231,000.

BW LPG Stock Performance

BW LPG stock traded up $0.44 during mid-day trading on Friday, reaching $16.12. 236,000 shares of the company traded hands, compared to its average volume of 430,522. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.27 and a quick ratio of 1.22. BW LPG Limited has a fifty-two week low of $7.86 and a fifty-two week high of $16.60. The company has a market capitalization of $2.12 billion and a price-to-earnings ratio of 10.47. The firm's fifty day moving average is $14.35 and its two-hundred day moving average is $12.02.

BW LPG (NYSE:BWLP - Get Free Report) last issued its quarterly earnings results on Tuesday, August 26th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.03). BW LPG had a net margin of 6.09% and a return on equity of 11.70%. The company had revenue of $153.00 million for the quarter, compared to analyst estimates of $170.09 million.

BW LPG Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.22 per share. The ex-dividend date is Friday, September 5th. This represents a $0.88 dividend on an annualized basis and a yield of 5.5%. BW LPG's dividend payout ratio is presently 57.14%.

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.