Millennium Management LLC grew its stake in BW LPG Limited (NYSE:BWLP - Free Report) by 283.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,179 shares of the company's stock after buying an additional 48,188 shares during the period. Millennium Management LLC's holdings in BW LPG were worth $740,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of BWLP. SBI Securities Co. Ltd. acquired a new stake in BW LPG during the 4th quarter worth $26,000. Tower Research Capital LLC TRC boosted its stake in BW LPG by 101,928.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company's stock worth $81,000 after purchasing an additional 7,135 shares during the period. SIH Partners LLLP acquired a new stake in BW LPG during the 4th quarter worth $114,000. D. E. Shaw & Co. Inc. acquired a new stake in BW LPG during the 4th quarter worth $138,000. Finally, Franklin Resources Inc. acquired a new stake in BW LPG during the 4th quarter worth $233,000.
BW LPG Stock Down 1.3%
Shares of NYSE:BWLP opened at $11.09 on Friday. The stock has a market cap of $1.46 billion and a P/E ratio of 5.87. The firm has a fifty day moving average price of $10.19 and a 200 day moving average price of $11.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16. BW LPG Limited has a 1-year low of $7.86 and a 1-year high of $20.70.
BW LPG (NYSE:BWLP - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.09. The business had revenue of $158.70 million for the quarter, compared to analyst estimates of $183.96 million.
BW LPG Announces Dividend
The company also recently disclosed a dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 10.6%. BW LPG's payout ratio is currently 59.26%.
BW LPG Company Profile
(
Free Report)
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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