BW LPG Limited $BWLP Shares Sold by PDT Partners LLC

Key Points

• PDT Partners LLC has reduced its holdings in BW LPG Limited by 42%, selling 42,349 shares and retaining 58,504 shares valued at approximately $637,000.
• The company recently reported earnings of $0.23 EPS, which fell short of analysts' expectations of $0.26, along with revenue of $153 million against a forecast of $170.09 million.
• BW LPG has declared a dividend of $0.22 per share, with a dividend yield of 5.8% and a payout ratio of 72.73%, to be paid on September 15th.

PDT Partners LLC cut its stake in shares of BW LPG Limited (NYSE:BWLP - Free Report) by 42.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,504 shares of the company's stock after selling 42,349 shares during the period. PDT Partners LLC's holdings in BW LPG were worth $637,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BWLP. Tower Research Capital LLC TRC grew its holdings in shares of 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 valued at $81,000 after purchasing an additional 7,135 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in shares of BW LPG in the 4th quarter valued at about $138,000. Aristides Capital LLC purchased a new position in shares of BW LPG in the 1st quarter valued at about $162,000. Delta Financial Group Inc. purchased a new position in shares of BW LPG in the 1st quarter valued at about $188,000. Finally, Royal Bank of Canada increased its holdings in shares of BW LPG by 4,137.5% in the 1st 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 in the last quarter.

BW LPG Price Performance

Shares of BWLP traded down $0.18 during trading hours on Wednesday, reaching $15.65. The company had a trading volume of 49,382 shares, compared to its average volume of 430,533. The firm has a 50 day simple moving average of $14.22 and a 200-day simple moving average of $11.97. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $2.06 billion and a price-to-earnings ratio of 10.16. BW LPG Limited has a 12-month low of $7.86 and a 12-month high of $16.60.

BW LPG (NYSE:BWLP - Get Free Report) last posted its earnings results on Tuesday, August 26th. The company reported $0.23 earnings per share 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 Announces Dividend

The firm also recently announced 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 5.6%. 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.