Russell Investments Group Ltd. Reduces Holdings in BW LPG Limited (NYSE:BWLP)

Russell Investments Group Ltd. trimmed its position in BW LPG Limited (NYSE:BWLP - Free Report) by 59.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,073 shares of the company's stock after selling 85,422 shares during the period. Russell Investments Group Ltd.'s holdings in BW LPG were worth $652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BWLP. SBI Securities Co. Ltd. purchased a new position in BW LPG in the 4th quarter valued at about $26,000. Avior Wealth Management LLC lifted its holdings in BW LPG by 98.0% in the 4th quarter. Avior Wealth Management LLC now owns 5,862 shares of the company's stock valued at $67,000 after purchasing an additional 2,902 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of BW LPG during the 3rd quarter worth about $219,000. Franklin Resources Inc. purchased a new position in shares of BW LPG during the 4th quarter worth about $233,000. Finally, Jane Street Group LLC purchased a new position in shares of BW LPG during the 3rd quarter worth about $305,000.

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 Trading Down 4.1 %

NYSE BWLP traded down $0.43 during mid-day trading on Monday, hitting $10.12. The company's stock had a trading volume of 587,962 shares, compared to its average volume of 369,760. BW LPG Limited has a 52-week low of $7.86 and a 52-week high of $22.31. The stock's fifty day simple moving average is $10.50 and its two-hundred day simple moving average is $11.74. 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 firm has a market capitalization of $1.33 billion and a P/E ratio of 3.80.

BW LPG (NYSE:BWLP - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $127.57 million during the quarter, compared to analysts' expectations of $183.00 million.

BW LPG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 16.60%. BW LPG's dividend payout ratio is currently 63.16%.

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.