BW LPG Limited (NYSE:BWLP) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its stake in shares of BW LPG Limited (NYSE:BWLP) by 23.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,913 shares of the company’s stock after selling 20,993 shares during the quarter. Mackenzie Financial Corp owned 0.05% of BW LPG worth $726,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BWLP. Vanguard Group Inc. boosted its position in shares of BW LPG by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,152,366 shares of the company’s stock worth $35,013,000 after purchasing an additional 13,010 shares in the last quarter. Barclays PLC boosted its position in shares of BW LPG by 6.0% during the 4th quarter. Barclays PLC now owns 1,546,077 shares of the company’s stock worth $17,563,000 after purchasing an additional 86,909 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of BW LPG by 6.6% during the 1st quarter. Bank of New York Mellon Corp now owns 821,317 shares of the company’s stock worth $8,936,000 after purchasing an additional 51,098 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of BW LPG by 10.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 793,239 shares of the company’s stock worth $8,751,000 after purchasing an additional 75,699 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of BW LPG by 0.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 395,755 shares of the company’s stock worth $4,375,000 after purchasing an additional 1,175 shares in the last quarter.

BW LPG Price Performance

Shares of NYSE BWLP opened at $14.77 on Thursday. BW LPG Limited has a one year low of $7.86 and a one year high of $16.82. The firm has a market capitalization of $1.94 billion and a P/E ratio of 7.81. The company’s fifty day moving average is $12.44 and its two-hundred day moving average is $11.54. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.06 and a current ratio of 1.22.

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

BW LPG Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were given a $0.28 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 1,060.0%. 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.