U S Global Investors Inc. Has $880,000 Stock Position in BW LPG Limited $BWLP

U S Global Investors Inc. grew its holdings in shares of BW LPG Limited (NYSE:BWLP) by 191.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 49,708 shares of the company’s stock after acquiring an additional 32,659 shares during the period. U S Global Investors Inc.’s holdings in BW LPG were worth $880,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of BWLP. Advisory Services Network LLC bought a new stake in shares of BW LPG in the third quarter worth $36,000. Global Retirement Partners LLC bought a new position in BW LPG during the 4th quarter worth $43,000. Raymond James Financial Inc. bought a new position in BW LPG during the 2nd quarter worth $47,000. BNP Paribas Financial Markets acquired a new position in BW LPG during the 3rd quarter worth about $62,000. Finally, Blue Trust Inc. acquired a new position in BW LPG during the 1st quarter worth about $65,000.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BWLP. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen raised BW LPG from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Dnb Carnegie upgraded BW LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of BW LPG in a research report on Friday, May 22nd. Finally, Pareto Securities lowered shares of BW LPG from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

BW LPG Trading Up 3.4%

BWLP traded up $0.65 during trading on Friday, reaching $19.71. 367,410 shares of the stock traded hands, compared to its average volume of 406,125. The company has a quick ratio of 1.29, a current ratio of 1.47 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average is $19.98 and its 200 day moving average is $17.42. BW LPG Limited has a 12 month low of $11.72 and a 12 month high of $22.92. The stock has a market capitalization of $2.98 billion, a PE ratio of 8.28 and a beta of 1.29.

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

BW LPG Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Friday, June 12th were issued a $6.196 dividend. The ex-dividend date was Friday, June 12th. This is an increase from BW LPG’s previous quarterly dividend of $0.57. This represents a $24.78 dividend on an annualized basis and a yield of 125.8%. BW LPG’s dividend payout ratio is presently 112.61%.

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.