MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $13.88 Million Stock Holdings in BW LPG Limited $BWLP

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BW LPG Limited by 61.7%, owning 1,282,485 shares valued at approximately $13.9 million.
• BW LPG reported earnings of $0.23 per share, missing expectations by $0.03, with revenues of $153 million compared to analyst estimates of $170.09 million.
• The company announced a quarterly dividend of $0.22 per share, representing a 5.6% yield, with the ex-dividend date set for September 5th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BW LPG Limited (NYSE:BWLP - Free Report) by 61.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,282,485 shares of the company's stock after acquiring an additional 489,246 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.97% of BW LPG worth $13,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BWLP. D. E. Shaw & Co. Inc. acquired a new position in BW LPG in the fourth quarter valued at about $138,000. Aristides Capital LLC acquired a new position in BW LPG in the first quarter valued at about $162,000. Delta Financial Group Inc. acquired a new position in BW LPG in the first quarter valued at about $188,000. Royal Bank of Canada grew its stake in BW LPG by 4,137.5% in the first quarter. Royal Bank of Canada now owns 23,476 shares of the company's stock valued at $255,000 after acquiring an additional 22,922 shares during the period. Finally, CW Advisors LLC acquired a new position in BW LPG in the first quarter valued at about $391,000.

BW LPG Trading Up 2.4%

NYSE:BWLP traded up $0.38 on Friday, reaching $16.06. The company's stock had a trading volume of 482,316 shares, compared to its average volume of 427,130. 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 quick ratio of 1.22 and a current ratio of 1.27. The firm has a market cap of $2.11 billion and a PE ratio of 10.43. The business's 50-day moving average price is $14.42 and its two-hundred day moving average price is $12.06.

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

BW LPG Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders 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 yield of 5.5%. BW LPG's dividend payout ratio is 57.14%.

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.