UBS Group AG Increases Stock Position in BW LPG Limited $BWLP

UBS Group AG raised its holdings in BW LPG Limited (NYSE:BWLP) by 14.9% during the 4th quarter, Holdings Channel reports. The firm owned 299,497 shares of the company’s stock after purchasing an additional 38,850 shares during the quarter. UBS Group AG’s holdings in BW LPG were worth $3,923,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of BW LPG by 506.7% in the third quarter. JPMorgan Chase & Co. now owns 51,171 shares of the company’s stock valued at $731,000 after purchasing an additional 42,736 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of BW LPG by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock valued at $47,163,000 after buying an additional 35,066 shares during the period. Susquehanna Advisors Group Inc. purchased a new position in shares of BW LPG during the third quarter valued at approximately $206,000. StoneX Group Inc. purchased a new position in shares of BW LPG during the second quarter valued at approximately $190,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of BW LPG during the second quarter valued at approximately $130,000.

BW LPG Stock Performance

Shares of BWLP opened at $22.01 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.24 and a current ratio of 1.53. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 13.76 and a beta of 1.32. The company’s 50 day simple moving average is $18.33 and its 200 day simple moving average is $15.73. BW LPG Limited has a 1 year low of $10.16 and a 1 year high of $22.92.

BW LPG (NYSE:BWLP) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.09. BW LPG had a net margin of 6.76% and a return on equity of 12.61%. The business had revenue of $732.40 million for the quarter, compared to the consensus estimate of $217.18 million.

BW LPG Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 13th were paid a dividend of $0.5652 per share. This is an increase from BW LPG’s previous quarterly dividend of $0.40. This represents a $2.26 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date of this dividend was Friday, March 13th. BW LPG’s payout ratio is 142.50%.

Wall Street Analysts Forecast Growth

BWLP has been the topic of several recent analyst reports. Kepler Capital Markets raised shares of BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen raised shares of BW LPG from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Finally, Dnb Carnegie raised shares of BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.