Bank of New York Mellon Corp Has $8.94 Million Stock Holdings in BW LPG Limited (NYSE:BWLP)

Bank of New York Mellon Corp boosted its stake in BW LPG Limited (NYSE:BWLP) by 6.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 821,317 shares of the company’s stock after purchasing an additional 51,098 shares during the quarter. Bank of New York Mellon Corp owned about 0.62% of BW LPG worth $8,936,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mackenzie Financial Corp grew its stake in BW LPG by 76.7% in the fourth quarter. Mackenzie Financial Corp now owns 87,906 shares of the company’s stock valued at $999,000 after purchasing an additional 38,144 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in BW LPG by 9.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 36,360 shares of the company’s stock worth $401,000 after purchasing an additional 3,022 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in BW LPG by 33.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,564 shares of the company’s stock valued at $802,000 after acquiring an additional 17,573 shares in the last quarter. Two Sigma Investments LP raised its holdings in BW LPG by 202.4% in the 4th quarter. Two Sigma Investments LP now owns 113,018 shares of the company’s stock valued at $1,284,000 after acquiring an additional 75,647 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in BW LPG by 283.6% in the 4th quarter. Millennium Management LLC now owns 65,179 shares of the company’s stock valued at $740,000 after acquiring an additional 48,188 shares in the last quarter.

BW LPG Price Performance

Shares of NYSE BWLP opened at $13.07 on Tuesday. The firm has a market cap of $1.72 billion and a price-to-earnings ratio of 6.91. The stock has a fifty day simple moving average of $11.75 and a two-hundred day simple moving average of $11.38. BW LPG Limited has a 1-year low of $7.86 and a 1-year 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.

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

BW LPG Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were given a $0.28 dividend. This represents a yield of 10.6%. The ex-dividend date was Friday, May 30th. BW LPG’s dividend payout ratio (DPR) is currently 59.26%.

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.