Virtu Financial LLC Has $147,000 Stock Holdings in BW LPG Limited $BWLP

Key Points

• Virtu Financial LLC has significantly decreased its stake in BW LPG Limited by 59.5%, selling 19,903 shares and holding 13,534 shares worth $147,000.
• Other institutional investors have also made notable changes, with Jupiter Asset Management Ltd. increasing its position by 14.6%, now owning 308,172 shares valued at $3,335,000.
• BW LPG recently announced a $0.28 dividend, yielding a striking 1,060.0%, with a payout ratio of 59.26%.

Virtu Financial LLC lessened its holdings in BW LPG Limited (NYSE:BWLP - Free Report) by 59.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,534 shares of the company's stock after selling 19,903 shares during the period. Virtu Financial LLC's holdings in BW LPG were worth $147,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in BW LPG by 7.6% in the first quarter. Vanguard Group Inc. now owns 3,391,944 shares of the company's stock valued at $36,915,000 after acquiring an additional 239,578 shares during the last quarter. Barclays PLC grew its position in BW LPG by 6.0% in the fourth quarter. Barclays PLC now owns 1,546,077 shares of the company's stock valued at $17,563,000 after acquiring an additional 86,909 shares during the last quarter. Bank of New York Mellon Corp grew its position in BW LPG by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 821,317 shares of the company's stock valued at $8,936,000 after acquiring an additional 51,098 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in BW LPG by 10.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 793,239 shares of the company's stock valued at $8,751,000 after acquiring an additional 75,699 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in BW LPG by 0.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 395,755 shares of the company's stock valued at $4,375,000 after acquiring an additional 1,175 shares during the last quarter.

BW LPG Price Performance

BW LPG stock traded up $0.4610 during midday trading on Friday, reaching $16.4910. The company's stock had a trading volume of 305,354 shares, compared to its average volume of 425,442. BW LPG Limited has a 52 week low of $7.86 and a 52 week high of $16.82. The company has a current ratio of 1.22, a quick ratio of 1.06 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $13.32 and a 200-day moving average price of $11.75. The stock has a market cap of $2.17 billion and a PE ratio of 8.72.

BW LPG (NYSE:BWLP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.09. BW LPG had a return on equity of 14.58% and a net margin of 7.63%.The firm had revenue of $158.70 million for the quarter, compared to analyst estimates of $183.96 million.

BW LPG Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.28 per share. This represents a dividend yield of 1,060.0%. The ex-dividend date of this dividend was Friday, May 30th. BW LPG's dividend payout ratio (DPR) is presently 59.26%.

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.