KLP Kapitalforvaltning AS Makes New $592,000 Investment in BW LPG Limited $BWLP

Key Points

• KLP Kapitalforvaltning AS invested approximately $592,000 in BW LPG Limited by acquiring 50,000 shares in the second quarter.
• BW LPG reported a quarterly earnings miss with an EPS of $0.23, falling short of the consensus estimate of $0.26.
• The company announced a quarterly dividend of $0.22 per share, reflecting an annualized dividend of $0.88 and a yield of 7.2%.

KLP Kapitalforvaltning AS bought a new position in BW LPG Limited (NYSE:BWLP - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the company's stock, valued at approximately $592,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Aristides Capital LLC purchased a new stake in shares of BW LPG during the first quarter valued at approximately $162,000. Delta Financial Group Inc. purchased a new stake in shares of BW LPG during the first quarter valued at approximately $188,000. Royal Bank of Canada boosted its stake in shares of BW LPG by 4,137.5% during the first quarter. Royal Bank of Canada now owns 23,476 shares of the company's stock valued at $255,000 after purchasing an additional 22,922 shares during the period. Intrua Financial LLC boosted its stake in shares of BW LPG by 8.0% during the first 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 during the period. Finally, CW Advisors LLC purchased a new stake in shares of BW LPG during the first quarter valued at approximately $391,000.

BW LPG Price Performance

Shares of NYSE:BWLP opened at $12.31 on Friday. BW LPG Limited has a 1-year low of $7.86 and a 1-year high of $16.60. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.27 and a quick ratio of 1.22. The business has a fifty day moving average price of $14.75 and a 200-day moving average price of $12.57. The company has a market capitalization of $1.62 billion and a PE ratio of 7.99.

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

BW LPG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, September 5th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend was Friday, September 5th. BW LPG's payout ratio is presently 57.14%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of BW LPG in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

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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