Russell Investments Group Ltd. Decreases Stock Position in BW LPG Limited (NYSE:BWLP)

Russell Investments Group Ltd. lessened its stake in shares of BW LPG Limited (NYSE:BWLP) by 59.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in BW LPG during the fourth quarter valued at approximately $26,000. Amundi raised its holdings in shares of BW LPG by 22.4% during the 4th quarter. Amundi now owns 2,208,258 shares of the company’s stock worth $25,152,000 after acquiring an additional 404,323 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of BW LPG by 23.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 355,382 shares of the company’s stock valued at $3,912,000 after acquiring an additional 68,563 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of BW LPG in the fourth quarter valued at $380,000. Finally, Bank of New York Mellon Corp increased its position 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 worth $8,750,000 after purchasing an additional 660,269 shares during the last quarter.

Analyst Upgrades and Downgrades

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

BW LPG Trading Up 0.5 %

BWLP opened at $9.42 on Wednesday. The stock has a 50-day moving average of $10.73 and a 200 day moving average of $11.92. 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 12 month low of $7.86 and a 12 month high of $22.31. The firm has a market cap of $1.24 billion and a P/E ratio of 3.54.

BW LPG (NYSE:BWLP) last announced its earnings results on Thursday, February 27th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The company 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. Shareholders of record on Monday, March 10th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 17.84%. The ex-dividend date of this dividend was Monday, March 10th. BW LPG’s dividend payout ratio (DPR) is 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.