Two Sigma Advisers LP decreased its holdings in BW LPG Limited (NYSE:BWLP - Free Report) by 70.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,700 shares of the company's stock after selling 125,700 shares during the period. Two Sigma Advisers LP's holdings in BW LPG were worth $610,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWLP. SBI Securities Co. Ltd. purchased a new stake in shares of BW LPG in the fourth quarter worth approximately $26,000. Tower Research Capital LLC TRC boosted its position in BW LPG by 101,928.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,142 shares of the company's stock valued at $81,000 after acquiring an additional 7,135 shares in the last quarter. SIH Partners LLLP bought a new stake in BW LPG during the 4th quarter valued at $114,000. D. E. Shaw & Co. Inc. bought a new stake in BW LPG during the 4th quarter valued at $138,000. Finally, Franklin Resources Inc. bought a new stake in BW LPG during the 4th quarter valued at $233,000.
BW LPG Stock Down 1.3%
NYSE BWLP traded down $0.15 during midday trading on Friday, hitting $11.09. 211,314 shares of the company traded hands, compared to its average volume of 389,488. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16. The company has a market cap of $1.46 billion and a PE ratio of 5.87. BW LPG Limited has a 52 week low of $7.86 and a 52 week high of $20.70. The company's 50-day simple moving average is $10.19 and its 200-day simple moving average is $11.25.
BW LPG (NYSE:BWLP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.09. The business had revenue of $158.70 million during the quarter, compared to analyst estimates of $183.96 million.
BW LPG Announces Dividend
The company also recently announced a dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 10.6%. BW LPG's dividend payout ratio (DPR) is 59.26%.
BW LPG Profile
(
Free Report)
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.
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