BW LPG Limited $BWLP Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in BW LPG Limited (NYSE:BWLP) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,745 shares of the company’s stock after buying an additional 1,659 shares during the period. Public Employees Retirement System of Ohio’s holdings in BW LPG were worth $491,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Aristides Capital LLC acquired a new stake in shares of BW LPG during the first quarter valued at about $162,000. Delta Financial Group Inc. purchased a new position in shares of BW LPG during the 1st quarter worth approximately $188,000. Royal Bank of Canada increased its holdings in BW LPG by 4,137.5% in the 1st quarter. Royal Bank of Canada now owns 23,476 shares of the company’s stock valued at $255,000 after purchasing an additional 22,922 shares during the last quarter. Intrua Financial LLC raised its position in BW LPG by 8.0% in the first quarter. Intrua Financial LLC now owns 27,150 shares of the company’s stock valued at $295,000 after purchasing an additional 2,000 shares during the period. Finally, CW Advisors LLC acquired a new position in BW LPG during the first quarter worth $391,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BW LPG in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, BW LPG has a consensus rating of “Moderate Buy”.

BW LPG Price Performance

Shares of NYSE BWLP opened at $13.88 on Monday. The stock’s 50-day simple moving average is $15.00 and its 200-day simple moving average is $12.48. The firm has a market capitalization of $1.83 billion and a PE ratio of 9.01. BW LPG Limited has a fifty-two week low of $7.86 and a fifty-two week high of $16.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.22 and a current ratio of 1.27.

BW LPG (NYSE:BWLP) last announced its quarterly earnings results on Tuesday, August 26th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.03). BW LPG had a net margin of 6.09% and a return on equity of 11.70%. The company had revenue of $153.00 million during the quarter, compared to analysts’ expectations of $170.09 million.

BW LPG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, September 5th were given a $0.22 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.88 dividend on an annualized basis and a yield of 6.3%. BW LPG’s payout ratio is 57.14%.

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.