Nuveen LLC Takes $907,000 Position in BW LPG Limited $BWLP

Nuveen LLC acquired a new position in BW LPG Limited (NYSE:BWLP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 83,781 shares of the company's stock, valued at approximately $907,000. Nuveen LLC owned about 0.06% of BW LPG as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in BWLP. Tower Research Capital LLC TRC increased its holdings in BW LPG by 101,928.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company's stock worth $81,000 after buying an additional 7,135 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in BW LPG in the fourth quarter worth approximately $138,000. Delta Financial Group Inc. acquired a new position in BW LPG in the first quarter worth approximately $188,000. Public Employees Retirement System of Ohio increased its holdings in BW LPG by 9.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 36,360 shares of the company's stock worth $401,000 after buying an additional 3,022 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in BW LPG by 41.5% in the fourth quarter. Lazard Asset Management LLC now owns 35,718 shares of the company's stock worth $405,000 after buying an additional 10,470 shares during the last quarter.

BW LPG Stock Up 0.6%

NYSE:BWLP traded up $0.09 during mid-day trading on Friday, reaching $15.24. The stock had a trading volume of 259,837 shares, compared to its average volume of 393,157. The business's 50 day moving average is $14.06 and its 200 day moving average is $11.93. BW LPG Limited has a fifty-two week low of $7.86 and a fifty-two week high of $16.60. The stock has a market cap of $2.01 billion and a P/E ratio of 9.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.27 and a quick ratio of 1.22.

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 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 during the quarter, compared to analyst estimates of $170.09 million.

BW LPG Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, September 5th. BW LPG's dividend payout ratio (DPR) is 57.14%.

BW LPG Company Profile

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.