Vanguard Group Inc. Increases Stock Position in BW LPG Limited $BWLP

Key Points

• Vanguard Group Inc. increased its stake in BW LPG Limited by 7.6%, acquiring an additional 239,578 shares, bringing its total ownership to over 3.39 million shares worth approximately $36.91 million.
• Several other hedge funds have also adjusted their positions in BW LPG, including notable increases by The Manufacturers Life Insurance Company, Public Employees Retirement System of Ohio, and Tower Research Capital LLC.
• BW LPG recently reported quarterly earnings that fell short of expectations, with earnings per share of $0.23 against an estimated $0.26, and revenue of $153 million compared to analyst estimates of $170 million.

Vanguard Group Inc. increased its position in BW LPG Limited (NYSE:BWLP - Free Report) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,391,944 shares of the company's stock after buying an additional 239,578 shares during the period. Vanguard Group Inc. owned about 2.58% of BW LPG worth $36,915,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BWLP. Tower Research Capital LLC TRC raised its position 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 buying an additional 7,135 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of BW LPG in the fourth quarter valued at approximately $138,000. Delta Financial Group Inc. acquired a new position in shares of BW LPG in the first quarter valued at approximately $188,000. Public Employees Retirement System of Ohio raised its position in shares of 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 valued at $401,000 after buying an additional 3,022 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of BW LPG by 41.5% in the fourth quarter. Lazard Asset Management LLC now owns 35,718 shares of the company's stock valued at $405,000 after buying an additional 10,470 shares during the last quarter.

BW LPG Trading Up 0.6%

BWLP traded up $0.09 during trading on Friday, hitting $15.58. 422,821 shares of the company's stock were exchanged, compared to its average volume of 382,138. The company has a current ratio of 1.27, a quick ratio of 1.06 and a debt-to-equity ratio of 0.45. BW LPG Limited has a 1 year low of $7.86 and a 1 year high of $16.60. The stock has a 50 day moving average price of $13.73 and a 200 day moving average price of $11.85. The firm has a market cap of $2.05 billion and a P/E ratio of 10.12.

BW LPG (NYSE:BWLP - Get Free Report) last released its quarterly earnings data on Tuesday, August 26th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.03). BW LPG had a return on equity of 11.70% and a net margin of 6.09%.The business had revenue of $153.00 million for the quarter, compared to analysts' expectations of $170.09 million.

BW LPG Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, September 5th will be paid 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 payout ratio is currently 72.73%.

BW LPG 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.