Plato Investment Management Ltd Takes Position in BW LPG Limited (NYSE:BWLP)

Plato Investment Management Ltd purchased a new position in shares of BW LPG Limited (NYSE:BWLP) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 14,509 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its position in BW LPG by 33.8% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 50,012 shares of the company’s stock worth $740,000 after buying an additional 12,622 shares during the period. Assenagon Asset Management S.A. bought a new position in BW LPG during the third quarter worth about $11,827,000. U S Global Investors Inc. acquired a new stake in BW LPG in the 3rd quarter worth about $337,000. Glenorchy Capital Ltd bought a new stake in BW LPG in the 3rd quarter valued at about $712,000. Finally, Optimum Investment Advisors grew its position in shares of BW LPG by 644.0% during the 3rd quarter. Optimum Investment Advisors now owns 18,600 shares of the company’s stock worth $268,000 after purchasing an additional 16,100 shares in the last quarter.

BW LPG Stock Down 2.6 %

Shares of BWLP opened at $12.99 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.45 and a debt-to-equity ratio of 0.15. The stock’s 50 day simple moving average is $14.08. BW LPG Limited has a 12 month low of $10.32 and a 12 month high of $22.31.

BW LPG (NYSE:BWLP) last announced its quarterly earnings data on Thursday, August 22nd. The company reported $0.58 earnings per share for the quarter. The company had revenue of $876.49 million during the quarter.

BW LPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.58 per share. The ex-dividend date was Tuesday, September 10th. This represents a $2.32 dividend on an annualized basis and a yield of 17.86%.

BW LPG Company 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.