BW LPG Limited $BWLP Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH sold 154,184 shares of BW LPG, reducing its stake by 42% during the second quarter, leaving it with 212,884 shares valued at approximately $2.5 million.
• BW LPG's stock has a market capitalization of $1.64 billion and has experienced a 2.6% decline in value recently, with a current price of $12.43.
• The company declared a quarterly dividend of $0.22 per share, yielding 7.1%, with a payout ratio of 57.14% as reported on September 15.

Allianz Asset Management GmbH decreased its stake in shares of BW LPG Limited (NYSE:BWLP - Free Report) by 42.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,884 shares of the company's stock after selling 154,184 shares during the quarter. Allianz Asset Management GmbH owned about 0.16% of BW LPG worth $2,503,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC acquired a new position in BW LPG during the 2nd quarter valued at approximately $142,000. KLP Kapitalforvaltning AS acquired a new position in BW LPG during the 2nd quarter valued at approximately $592,000. Public Employees Retirement System of Ohio increased its stake in BW LPG by 4.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 41,745 shares of the company's stock valued at $491,000 after purchasing an additional 1,659 shares in the last quarter. Intrua Financial LLC increased its stake in BW LPG by 8.0% during the 1st quarter. Intrua Financial LLC now owns 27,150 shares of the company's stock valued at $295,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in BW LPG by 14.0% during the 1st quarter. Jane Street Group LLC now owns 51,463 shares of the company's stock valued at $558,000 after purchasing an additional 6,331 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "hold (c)" rating on shares of BW LPG in a research note on Friday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, BW LPG presently has a consensus rating of "Moderate Buy".

BW LPG Stock Down 2.6%

NYSE:BWLP opened at $12.43 on Friday. The firm has a market capitalization of $1.64 billion and a P/E ratio of 8.07. BW LPG Limited has a 1-year low of $7.86 and a 1-year high of $16.60. The company's fifty day moving average price is $14.52 and its 200-day moving average price is $12.68. 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 (NYSE:BWLP - Get Free Report) last released its quarterly earnings data on Tuesday, August 26th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.03). BW LPG had a return on equity of 11.70% and a net margin of 6.09%.The business had revenue of $153.00 million during the quarter, compared to analyst estimates of $170.09 million.

BW LPG Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.88 dividend on an annualized basis and a yield of 7.1%. BW LPG's dividend payout ratio is 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.

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