84,133 Shares in BW LPG Limited $BWLP Bought by PDT Partners LLC

PDT Partners LLC bought a new stake in BW LPG Limited (NYSE:BWLP) during the 2nd quarter, HoldingsChannel reports. The firm bought 84,133 shares of the company’s stock, valued at approximately $1,467,000.

Other institutional investors have also bought and sold shares of the company. Advisory Services Network LLC bought a new position in shares of BW LPG in the 3rd quarter worth about $36,000. Global Retirement Partners LLC acquired a new stake in BW LPG during the fourth quarter worth approximately $43,000. Raymond James Financial Inc. bought a new stake in BW LPG in the second quarter worth approximately $47,000. Pinnacle Holdings LLC bought a new stake in BW LPG in the second quarter worth approximately $52,000. Finally, BNP Paribas Financial Markets acquired a new position in BW LPG in the third quarter valued at approximately $62,000.

Wall Street Analysts Forecast Growth

BWLP has been the topic of a number of research analyst reports. Weiss Ratings upgraded BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Pareto Securities downgraded shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Dnb Carnegie raised shares of BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Wall Street Zen cut shares of BW LPG from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Clarkson Capital raised shares of BW LPG from a “neutral” rating to a “buy” rating in a research note on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

BW LPG Trading Down 5.2%

NYSE BWLP opened at $23.51 on Thursday. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 9.88 and a beta of 0.99. BW LPG Limited has a 52 week low of $11.72 and a 52 week high of $25.48. The business has a 50 day moving average price of $20.82 and a 200-day moving average price of $19.31. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.36.

BW LPG (NYSE:BWLP) last issued its earnings results on Friday, May 15th. The company reported $1.08 earnings per share for the quarter. BW LPG had a return on equity of 18.51% and a net margin of 10.13%.The company had revenue of $838.89 million for the quarter.

BW LPG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were issued a dividend of $6.196 per share. The ex-dividend date was Friday, June 12th. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. This represents a $24.78 annualized dividend and a yield of 105.4%. BW LPG’s dividend payout ratio is currently 112.61%.

About BW LPG

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.