Allianz Asset Management GmbH Cuts Stake in BW LPG Limited $BWLP

Allianz Asset Management GmbH trimmed its holdings in shares of BW LPG Limited (NYSE:BWLP) by 35.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,934 shares of the company’s stock after selling 74,950 shares during the quarter. Allianz Asset Management GmbH owned 0.10% of BW LPG worth $1,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of BW LPG during the third quarter valued at $309,000. Intrua Financial LLC lifted its position in BW LPG by 10.0% during the 3rd quarter. Intrua Financial LLC now owns 34,261 shares of the company’s stock worth $489,000 after acquiring an additional 3,111 shares during the period. Osaic Holdings Inc. grew its stake in BW LPG by 24.6% during the 2nd quarter. Osaic Holdings Inc. now owns 7,086 shares of the company’s stock valued at $84,000 after purchasing an additional 1,400 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in BW LPG by 39,695.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 38,602 shares of the company’s stock valued at $457,000 after purchasing an additional 38,505 shares during the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in shares of BW LPG in the second quarter valued at about $130,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Clarkson Capital upgraded shares of BW LPG from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BW LPG in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BW LPG presently has an average rating of “Moderate Buy”.

BW LPG Trading Down 2.3%

Shares of BW LPG stock opened at $16.49 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.24 and a debt-to-equity ratio of 0.45. BW LPG Limited has a twelve month low of $7.86 and a twelve month high of $17.18. The firm has a market capitalization of $2.17 billion and a PE ratio of 14.59. The firm’s 50-day moving average price is $13.88 and its 200 day moving average price is $13.94.

BW LPG (NYSE:BWLP) last announced its earnings results on Tuesday, December 2nd. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). BW LPG had a net margin of 4.57% and a return on equity of 8.78%. The firm had revenue of $279.98 million for the quarter, compared to analyst estimates of $242.92 million.

BW LPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 12th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.7%. This is a positive change from BW LPG’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, December 12th. BW LPG’s dividend payout ratio (DPR) is currently 141.59%.

BW LPG Profile

BW LPG (NYSE: BWLP) is a pure‐play owner and operator of liquefied petroleum gas (LPG) carriers. The company’s core business centers on the maritime transportation of LPG, predominantly propane and butane, under both time‐ and voyage‐charter arrangements. Its fleet comprises pressurized and semi‐refrigerated vessels designed to meet the specific requirements of LPG producers, traders and end‐users around the world.

Headquartered in Singapore, BW LPG serves a global customer base, with commercial offices in key energy hubs including Houston, London, Dubai and Tokyo.