MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows 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% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,282,485 shares of the company's stock after purchasing an additional 489,246 shares during the quarter. 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 SEC.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in BW LPG by 7.6% in the first quarter. Vanguard Group Inc. now owns 3,391,944 shares of the company's stock valued at $36,915,000 after purchasing an additional 239,578 shares during the period. Amundi increased its stake in BW LPG by 38.1% in the first quarter. Amundi now owns 3,050,107 shares of the company's stock valued at $31,203,000 after purchasing an additional 841,849 shares during the period. Bank of New York Mellon Corp increased its stake in BW LPG by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 821,317 shares of the company's stock valued at $8,936,000 after purchasing an additional 51,098 shares during the period. Jupiter Asset Management Ltd. increased its stake in BW LPG by 14.6% in the first quarter. Jupiter Asset Management Ltd. now owns 308,172 shares of the company's stock valued at $3,335,000 after purchasing an additional 39,345 shares during the period. Finally, Swiss National Bank increased its stake in BW LPG by 12.0% in the first quarter. Swiss National Bank now owns 186,278 shares of the company's stock valued at $2,012,000 after purchasing an additional 19,901 shares during the period.

BW LPG Stock Performance

NYSE BWLP traded up $0.38 during trading on Friday, reaching $16.06. The company's stock had a trading volume of 482,316 shares, compared to its average volume of 442,326. 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 price-to-earnings ratio of 10.43. BW LPG Limited has a twelve month low of $7.86 and a twelve month high of $16.60. The business's fifty day moving average price is $14.42 and its 200-day moving average price is $12.06.

BW LPG (NYSE:BWLP - Get Free Report) last issued its quarterly 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). BW LPG had a return on equity of 11.70% and a net margin of 6.09%.The firm had revenue of $153.00 million for the quarter, compared to analyst estimates of $170.09 million.

BW LPG Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Friday, September 5th. BW LPG's 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.