33,437 Shares in BW LPG Limited (NYSE:BWLP) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new stake in shares of BW LPG Limited (NYSE:BWLP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 33,437 shares of the company’s stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BWLP. Amundi raised its position in shares of BW LPG by 22.4% during the 4th quarter. Amundi now owns 2,208,258 shares of the company’s stock valued at $25,152,000 after buying an additional 404,323 shares in the last quarter. Bank of New York Mellon Corp increased its stake in 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 valued at $8,750,000 after acquiring an additional 660,269 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in BW LPG during the third quarter valued at about $5,653,000. Swiss National Bank lifted its stake in BW LPG by 0.6% during 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. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of BW LPG in the 3rd quarter worth about $476,000.

BW LPG Trading Down 1.9 %

Shares of BWLP opened at $11.38 on Thursday. BW LPG Limited has a fifty-two week low of $9.95 and a fifty-two week high of $22.31. The firm has a market cap of $1.50 billion and a price-to-earnings ratio of 4.28. The firm has a 50 day moving average price of $11.96 and a 200-day moving average price of $12.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34.

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

BW LPG Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.68 annualized dividend and a yield of 14.77%. BW LPG’s payout ratio is 63.16%.

Analysts Set New Price Targets

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

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.