Amundi Raises Position in BW LPG Limited (NYSE:BWLP)

Amundi increased its holdings in BW LPG Limited (NYSE:BWLP) by 22.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,208,258 shares of the company’s stock after buying an additional 404,323 shares during the period. Amundi owned 1.68% of BW LPG worth $25,152,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp raised its position in shares of BW LPG by 600.5% in the fourth quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company’s stock worth $8,750,000 after buying an additional 660,269 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of BW LPG in the third quarter worth $5,653,000. Public Employees Retirement System of Ohio purchased a new stake in shares of BW LPG in the third quarter worth $476,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of BW LPG in the third quarter worth $444,000. Finally, Exchange Traded Concepts LLC raised its position in shares of BW LPG by 30.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 28,301 shares of the company’s stock worth $321,000 after buying an additional 6,601 shares in the last quarter.

Wall Street Analyst Weigh In

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

BW LPG Stock Up 2.9 %

BWLP opened at $11.01 on Friday. The stock has a market cap of $1.45 billion and a PE ratio of 4.14. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. BW LPG Limited has a 52 week low of $9.95 and a 52 week high of $22.31. The business’s fifty day simple moving average is $12.06 and its 200 day simple moving average is $12.91.

BW LPG (NYSE:BWLP) last released its earnings results on Thursday, February 27th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $127.57 million during the quarter, compared to the consensus estimate of $183.00 million.

BW LPG Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.68 dividend on an annualized basis and a yield of 15.27%. BW LPG’s dividend payout ratio is presently 63.16%.

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.