The Manufacturers Life Insurance Company Has $6.80 Million Stock Holdings in BW LPG Limited $BWLP

The Manufacturers Life Insurance Company grew its holdings in BW LPG Limited (NYSE:BWLP) by 54.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 387,070 shares of the company’s stock after purchasing an additional 136,000 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in BW LPG were worth $6,799,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership acquired a new stake in shares of BW LPG in the 1st quarter valued at $9,646,000. Public Employees Retirement System of Ohio increased its position in BW LPG by 133.9% during the first quarter. Public Employees Retirement System of Ohio now owns 98,433 shares of the company’s stock worth $1,729,000 after buying an additional 56,347 shares during the last quarter. Vanguard Group Inc. increased its position in BW LPG by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 3,621,504 shares of the company’s stock worth $47,163,000 after buying an additional 35,066 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of BW LPG by 506.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,171 shares of the company’s stock valued at $731,000 after acquiring an additional 42,736 shares during the last quarter. Finally, U S Global Investors Inc. grew its holdings in BW LPG by 191.6% during the first quarter. U S Global Investors Inc. now owns 49,708 shares of the company’s stock valued at $880,000 after purchasing an additional 32,659 shares during the last quarter.

BW LPG Stock Down 2.8%

Shares of BWLP opened at $20.82 on Thursday. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 8.75 and a beta of 0.99. 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 Limited has a 12 month low of $11.72 and a 12 month high of $22.92. The company has a 50-day moving average price of $20.08 and a two-hundred day moving average price of $18.47.

BW LPG (NYSE:BWLP) last released its quarterly earnings data 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 business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Friday, June 12th were paid a $6.196 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $24.78 annualized dividend and a yield of 119.0%. This is a positive change from BW LPG’s previous quarterly dividend of $0.57. BW LPG’s payout ratio is presently 112.61%.

Analyst Ratings Changes

Several research analysts have commented on BWLP shares. Wall Street Zen raised BW LPG from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 20th. Pareto Securities cut shares of BW LPG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Weiss Ratings raised shares of BW LPG from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 15th. Kepler Capital Markets upgraded shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Finally, Dnb Carnegie upgraded shares of BW LPG from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.