CW Advisors LLC Acquires New Position in BW LPG Limited $BWLP

Key Points

• CW Advisors LLC has acquired a new stake in BW LPG Limited, purchasing 34,800 shares valued at approximately $391,000 during the first quarter.
• Several other institutional investors, including The Manufacturers Life Insurance Company and Public Employees Retirement System of Ohio, also increased their holdings in BW LPG during the fourth quarter.
• BW LPG's most recent earnings report indicated a loss per share of $0.03 compared to analysts' expectations, along with a revenue of $153 million falling short of the consensus estimate of $170 million.

CW Advisors LLC purchased a new position in shares of BW LPG Limited (NYSE:BWLP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 34,800 shares of the company's stock, valued at approximately $391,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BWLP. Jupiter Asset Management Ltd. increased its stake in BW LPG by 14.6% during the 1st quarter. Jupiter Asset Management Ltd. now owns 308,172 shares of the company's stock worth $3,335,000 after buying an additional 39,345 shares in 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 worth $497,000 after buying 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 worth $8,936,000 after buying an additional 51,098 shares in the last quarter. Citadel Advisors LLC purchased a new stake in BW LPG during the 4th quarter worth approximately $1,231,000. Finally, 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 worth $36,915,000 after buying an additional 239,578 shares in the last quarter.

BW LPG Price Performance

NYSE:BWLP traded down $0.33 during trading hours on Tuesday, hitting $15.24. 420,635 shares of the stock were exchanged, compared to its average volume of 367,002. BW LPG Limited has a 52-week low of $7.86 and a 52-week high of $16.60. The firm's fifty day moving average price is $13.88 and its 200 day moving average price is $11.88. The company has a current ratio of 1.27, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. The company has a market cap of $2.01 billion and a P/E ratio of 9.89.

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

BW LPG Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.8%. BW LPG's dividend payout ratio is currently 72.73%.

About BW LPG

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.