BW LPG Limited (NYSE:BWLP) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ decreased its position in BW LPG Limited (NYSE:BWLP - Free Report) by 97.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,487 shares of the company's stock after selling 193,825 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in BW LPG were worth $61,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Swiss National Bank lifted its position in shares of BW LPG by 0.6% during the fourth quarter. Swiss National Bank now owns 166,377 shares of the company's stock worth $1,836,000 after purchasing an additional 1,071 shares during the last quarter. Amundi raised its stake in BW LPG by 22.4% during the fourth quarter. Amundi now owns 2,208,258 shares of the company's stock valued at $25,152,000 after buying an additional 404,323 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in BW LPG during the 4th quarter worth approximately $26,000. Bank of New York Mellon Corp grew its position in shares of BW LPG by 600.5% in the 4th quarter. Bank of New York Mellon Corp now owns 770,219 shares of the company's stock worth $8,750,000 after acquiring an additional 660,269 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of BW LPG by 30.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,301 shares of the company's stock valued at $321,000 after acquiring an additional 6,601 shares during the last quarter.

BW LPG Stock Performance

Shares of NYSE BWLP traded down $0.26 during midday trading on Friday, hitting $11.49. The company's stock had a trading volume of 320,950 shares, compared to its average volume of 356,872. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34. BW LPG Limited has a 1-year low of $9.95 and a 1-year high of $22.31. The firm's fifty day moving average price is $12.04 and its 200-day moving average price is $12.73. The firm has a market cap of $1.51 billion and a P/E ratio of 4.32.

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

BW LPG Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, March 10th. This represents a $1.68 dividend on an annualized basis and a yield of 14.63%. BW LPG's payout ratio is currently 63.16%.

Analyst Ratings Changes

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

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.