Optimum Investment Advisors Has $137,000 Stock Position in BW LPG Limited (NYSE:BWLP)

Optimum Investment Advisors reduced its position in shares of BW LPG Limited (NYSE:BWLP) by 34.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,100 shares of the company’s stock after selling 6,500 shares during the quarter. Optimum Investment Advisors’ holdings in BW LPG were worth $137,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of BW LPG in the fourth quarter worth approximately $380,000. Swiss National Bank raised its stake in shares of BW LPG by 0.6% in the fourth quarter. Swiss National Bank now owns 166,377 shares of the company’s stock worth $1,836,000 after purchasing an additional 1,071 shares during the last quarter. Amundi raised its stake in shares of BW LPG by 22.4% in the fourth quarter. Amundi now owns 2,208,258 shares of the company’s stock worth $25,152,000 after purchasing an additional 404,323 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of BW LPG during the fourth quarter valued at approximately $26,000. Finally, Bank of New York Mellon Corp increased its position in shares of BW LPG by 600.5% during the fourth quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock valued at $8,750,000 after acquiring an additional 660,269 shares during the last quarter.

BW LPG Stock Performance

Shares of BWLP opened at $11.49 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.51 billion and a price-to-earnings ratio of 4.32. The stock has a 50 day moving average of $12.04 and a 200 day moving average of $12.70. BW LPG Limited has a 12 month low of $9.95 and a 12 month high of $22.31.

BW LPG (NYSE:BWLP) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $127.57 million for the quarter, compared to the consensus estimate of $183.00 million.

BW LPG Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 14.63%. The ex-dividend date is Monday, March 10th. BW LPG’s payout ratio is currently 63.16%.

Wall Street Analysts Forecast Growth

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

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.