Vanguard Group Inc. Purchases 13,010 Shares of BW LPG Limited (NYSE:BWLP)

Vanguard Group Inc. increased its position in shares of BW LPG Limited (NYSE:BWLP) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,152,366 shares of the company’s stock after buying an additional 13,010 shares during the period. Vanguard Group Inc. owned 2.39% of BW LPG worth $35,013,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BWLP. Virtu Financial LLC acquired a new stake in BW LPG during the 4th quarter worth about $380,000. Swiss National Bank grew its stake in BW LPG by 0.6% during the fourth quarter. Swiss National Bank now owns 166,377 shares of the company’s stock worth $1,836,000 after purchasing an additional 1,071 shares during the period. Amundi increased its holdings in BW LPG by 22.4% in the fourth quarter. Amundi now owns 2,208,258 shares of the company’s stock worth $25,152,000 after purchasing an additional 404,323 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in BW LPG in the fourth quarter worth approximately $26,000. Finally, Bank of New York Mellon Corp lifted its stake in BW LPG by 600.5% in the fourth quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock valued at $8,750,000 after buying an additional 660,269 shares during the period.

BW LPG Trading Up 7.0 %

BWLP opened at $9.31 on Monday. The company has a market cap of $1.23 billion and a P/E ratio of 3.50. The company has a fifty day moving average price of $11.24 and a two-hundred day moving average price of $12.18. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. BW LPG Limited has a 1-year low of $7.86 and a 1-year high of $22.31.

BW LPG (NYSE:BWLP) last issued its earnings results on Thursday, February 27th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $127.57 million during the quarter, compared to the consensus estimate of $183.00 million.

BW LPG Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 18.05%. The ex-dividend date was Monday, March 10th. BW LPG’s payout ratio is currently 63.16%.

Analysts Set New Price Targets

Separately, Pareto Securities raised shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th.

BW LPG Company 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.