BW LPG Limited (NYSE:BWLP) Position Trimmed by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ trimmed its holdings in shares of BW LPG Limited (NYSE:BWLP) by 97.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,487 shares of the company’s stock after selling 193,825 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in BW LPG were worth $61,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in BW LPG during the fourth quarter worth approximately $26,000. Amundi boosted its holdings in BW LPG by 22.4% during the fourth quarter. Amundi now owns 2,208,258 shares of the company’s stock worth $25,152,000 after buying an additional 404,323 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in 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 worth $8,750,000 after buying an additional 660,269 shares in the last quarter. HighTower Advisors LLC bought a new stake in BW LPG during the third quarter worth approximately $219,000. Finally, Exchange Traded Concepts LLC boosted its holdings in BW LPG by 30.4% during 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.

BW LPG Trading Up 1.8 %

BW LPG stock opened at $11.36 on Wednesday. The company has a 50 day moving average price of $12.04 and a 200 day moving average price of $12.77. BW LPG Limited has a 52 week low of $9.95 and a 52 week high of $22.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34. The firm has a market capitalization of $1.50 billion and a price-to-earnings ratio of 4.27.

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

BW LPG Dividend Announcement

The company also recently disclosed 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. This represents a $1.68 dividend on an annualized basis and a yield of 14.80%. The ex-dividend date is Monday, March 10th. BW LPG’s dividend payout ratio is 63.16%.

Analyst Upgrades and Downgrades

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

BW LPG Company 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.