Arrowstreet Capital Limited Partnership Reduces Stock Position in BW LPG Limited (NYSE:BWLP)

Arrowstreet Capital Limited Partnership reduced its holdings in BW LPG Limited (NYSE:BWLP - Free Report) by 62.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 686,781 shares of the company's stock after selling 1,127,203 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.52% of BW LPG worth $7,626,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swiss National Bank lifted its position in shares of BW LPG by 0.6% during the 4th quarter. Swiss National Bank now owns 166,377 shares of the company's stock valued at $1,836,000 after buying an additional 1,071 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in BW LPG during the fourth quarter worth $26,000. Avior Wealth Management LLC lifted its holdings in BW LPG by 98.0% during the fourth quarter. Avior Wealth Management LLC now owns 5,862 shares of the company's stock valued at $67,000 after purchasing an additional 2,902 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of BW LPG by 30.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 28,301 shares of the company's stock valued at $321,000 after purchasing an additional 6,601 shares during the period. Finally, XTX Topco Ltd increased its stake in shares of BW LPG by 75.1% during the third quarter. XTX Topco Ltd now owns 25,671 shares of the company's stock worth $370,000 after purchasing an additional 11,013 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Pareto Securities raised shares of BW LPG from a "hold" rating to a "buy" rating in a research note on Thursday, January 30th.

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BW LPG Price Performance

Shares of NYSE BWLP traded up $0.61 during midday trading on Friday, hitting $9.31. The stock had a trading volume of 531,956 shares, compared to its average volume of 372,478. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $11.24 and a 200-day simple moving average of $12.20. The company has a market capitalization of $1.23 billion and a PE ratio of 3.50. BW LPG Limited has a 1 year low of $7.86 and a 1 year high of $22.31.

BW LPG (NYSE:BWLP - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $127.57 million during the quarter, compared to analyst estimates of $183.00 million.

BW LPG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 18.05%. The ex-dividend date was Monday, March 10th. BW LPG's dividend payout ratio is currently 63.16%.

About BW LPG

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.