JPMorgan Chase & Co. trimmed its holdings in shares of BW LPG Limited (NYSE:BWLP - Free Report) by 30.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,427,476 shares of the company's stock after selling 611,454 shares during the period. JPMorgan Chase & Co. owned approximately 1.08% of BW LPG worth $20,556,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of BWLP. Glenorchy Capital Ltd acquired a new stake in BW LPG during the third quarter valued at $712,000. Assenagon Asset Management S.A. acquired a new stake in BW LPG in the third quarter valued at approximately $11,827,000. DekaBank Deutsche Girozentrale bought a new stake in BW LPG in the second quarter worth approximately $698,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of BW LPG during the 2nd quarter valued at $12,196,000. Finally, Bank of New York Mellon Corp bought a new stake in BW LPG in the second quarter worth $2,365,000.
BW LPG Stock Performance
NYSE BWLP traded up $0.06 during trading on Thursday, hitting $11.39. 258,570 shares of the company traded hands, compared to its average volume of 430,834. BW LPG Limited has a 12 month low of $9.95 and a 12 month high of $22.31. The business has a fifty day simple moving average of $11.93 and a 200 day simple moving average of $14.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.34 and a quick ratio of 1.16.
BW LPG Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 12th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 14.75%. The ex-dividend date of this dividend was Thursday, December 12th.
About BW LPG
(
Free Report)
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.
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