PDT Partners LLC Sells 57,251 Shares of BW LPG Limited (NYSE:BWLP)

PDT Partners LLC decreased its stake in shares of BW LPG Limited (NYSE:BWLP - Free Report) by 36.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,853 shares of the company's stock after selling 57,251 shares during the period. PDT Partners LLC owned approximately 0.08% of BW LPG worth $1,135,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of BW LPG by 600.5% during the 4th quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company's stock worth $8,750,000 after acquiring an additional 660,269 shares during the period. Amundi boosted its stake in shares of BW LPG by 22.4% in the fourth quarter. Amundi now owns 2,208,258 shares of the company's stock valued at $25,152,000 after buying an additional 404,323 shares during the period. Boothbay Fund Management LLC bought a new position in shares of BW LPG in the fourth quarter worth $1,778,000. Barclays PLC increased its stake 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. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of BW LPG by 23.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 355,382 shares of the company's stock worth $3,912,000 after acquiring an additional 68,563 shares during the last quarter.

BW LPG Trading Down 0.8 %

NYSE BWLP traded down $0.08 during trading hours on Tuesday, reaching $10.28. The company's stock had a trading volume of 171,508 shares, compared to its average volume of 373,363. The firm has a fifty day simple moving average of $10.31 and a 200-day simple moving average of $11.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16. BW LPG Limited has a 52 week low of $7.86 and a 52 week high of $22.31. The stock has a market cap of $1.35 billion and a P/E ratio of 3.86.

BW LPG (NYSE:BWLP - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $127.57 million for the quarter, compared to analyst estimates of $183.00 million.

BW LPG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.68 dividend on an annualized basis and a yield of 16.34%. BW LPG's dividend payout ratio (DPR) is presently 63.16%.

Analyst Ratings Changes

Separately, Pareto Securities upgraded shares of BW LPG from a "hold" rating to a "buy" rating in a report on Thursday, January 30th.

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.