Jupiter Asset Management Ltd. Purchases 39,345 Shares of BW LPG Limited (NYSE:BWLP)

Key Points

• Jupiter Asset Management Ltd. increased its stake in BW LPG Limited by 14.6%, accumulating a total of 308,172 shares valued at approximately $3.3 million as per its latest SEC filing.
• BW LPG recently reported earnings of $0.30 per share, surpassing analysts' expectations of $0.21, despite revenue falling short of projections at $158.70 million.
• The company declared a substantial dividend of $0.28 per share, yielding an impressive 1,060.0%, with a payout ratio of 59.26%.

Jupiter Asset Management Ltd. increased its position in BW LPG Limited (NYSE:BWLP - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 308,172 shares of the company's stock after purchasing an additional 39,345 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.23% of BW LPG worth $3,335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boothbay Fund Management LLC purchased a new stake in BW LPG during the fourth quarter worth $1,778,000. Citadel Advisors LLC purchased a new stake in BW LPG during the fourth quarter worth $1,231,000. Barclays PLC lifted its holdings in BW LPG by 6.0% during the fourth quarter. Barclays PLC now owns 1,546,077 shares of the company's stock worth $17,563,000 after buying an additional 86,909 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in BW LPG by 10.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 793,239 shares of the company's stock worth $8,751,000 after buying an additional 75,699 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in BW LPG by 202.4% during the fourth quarter. Two Sigma Investments LP now owns 113,018 shares of the company's stock worth $1,284,000 after buying an additional 75,647 shares during the period.

BW LPG Stock Down 1.0%

BW LPG stock opened at $13.22 on Monday. The business has a fifty day moving average of $12.22 and a two-hundred day moving average of $11.48. The company has a quick ratio of 1.06, a current ratio of 1.22 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.74 billion and a P/E ratio of 6.99. BW LPG Limited has a twelve month low of $7.86 and a twelve month high of $16.82.

BW LPG (NYSE:BWLP - Get Free Report) last posted its 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. BW LPG had a return on equity of 14.58% and a net margin of 7.63%. The company had revenue of $158.70 million during the quarter, compared to analyst estimates of $183.96 million.

BW LPG Announces Dividend

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

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.

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