Plato Investment Management Ltd Takes $708,000 Position in BW LPG Limited $BWLP

Plato Investment Management Ltd acquired a new position in shares of BW LPG Limited (NYSE:BWLP) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 40,838 shares of the company’s stock, valued at approximately $708,000.

Several other hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in BW LPG by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 2,257,314 shares of the company’s stock worth $26,704,000 after purchasing an additional 579,987 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of BW LPG in the 1st quarter valued at $9,646,000. Fearnley Asset Management AS purchased a new stake in shares of BW LPG during the 4th quarter valued at $5,388,000. Millennium Management LLC purchased a new stake in shares of BW LPG during the 4th quarter valued at $5,027,000. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in shares of BW LPG by 115,776.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 203,942 shares of the company’s stock worth $2,549,000 after buying an additional 203,766 shares during the last quarter.

BW LPG Stock Performance

BW LPG stock opened at $23.10 on Wednesday. The stock’s 50 day moving average price is $20.40 and its 200 day moving average price is $18.96. The firm has a market capitalization of $3.50 billion, a PE ratio of 9.71 and a beta of 0.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.47. BW LPG Limited has a one year low of $11.72 and a one year high of $23.33.

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

BW LPG Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were paid a dividend of $6.196 per share. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Friday, June 12th. This represents a $24.78 annualized dividend and a yield of 107.3%. BW LPG’s payout ratio is presently 112.61%.

Analyst Ratings Changes

BWLP has been the topic of several research reports. Pareto Securities lowered BW LPG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Kepler Capital Markets raised BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 15th. Wall Street Zen downgraded BW LPG from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Dnb Carnegie raised BW LPG from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

BW LPG Company 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.