Russell Investments Group Ltd. Sells 51,899 Shares of BW LPG Limited $BWLP

Key Points

• Russell Investments Group Ltd. significantly cut its holdings in BW LPG Limited by 87.9%, selling 51,899 shares and leaving it with 7,174 shares valued at $78,000.
• BW LPG Limited reported earnings per share of $0.23, which was below analysts' expectations of $0.26, with quarterly revenue of $153 million compared to forecasts of $170.09 million.
• The company also declared a quarterly dividend of $0.22 per share, resulting in an annualized yield of 5.8% and a payout ratio of 72.73%.

Russell Investments Group Ltd. decreased its holdings in shares of BW LPG Limited (NYSE:BWLP - Free Report) by 87.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,174 shares of the company's stock after selling 51,899 shares during the quarter. Russell Investments Group Ltd.'s holdings in BW LPG were worth $78,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BWLP. Tower Research Capital LLC TRC lifted its position in shares of BW LPG by 101,928.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company's stock worth $81,000 after acquiring an additional 7,135 shares during the period. The Manufacturers Life Insurance Company increased its holdings in BW LPG by 0.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 395,755 shares of the company's stock valued at $4,375,000 after purchasing an additional 1,175 shares in the last quarter. Jane Street Group LLC increased its holdings in BW LPG by 111.4% during the 4th quarter. Jane Street Group LLC now owns 45,132 shares of the company's stock valued at $497,000 after purchasing an additional 23,785 shares in the last quarter. Citadel Advisors LLC acquired a new stake in BW LPG during the 4th quarter valued at $1,231,000. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of BW LPG during the fourth quarter valued at $138,000.

BW LPG Trading Up 1.2%

BWLP stock traded up $0.18 during midday trading on Tuesday, reaching $15.78. The stock had a trading volume of 226,774 shares, compared to its average volume of 431,381. The business has a fifty day simple moving average of $14.14 and a two-hundred day simple moving average of $11.95. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.08 billion and a price-to-earnings ratio of 10.25. BW LPG Limited has a twelve month low of $7.86 and a twelve month high of $16.60.

BW LPG (NYSE:BWLP - Get Free Report) last announced 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.88 annualized dividend and a yield of 5.6%. BW LPG's dividend payout ratio is presently 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.