JPMorgan Chase & Co. Trims Stake in BW LPG Limited (NYSE:BWLP)

JPMorgan Chase & Co. trimmed its position in BW LPG Limited (NYSE:BWLP - Free Report) by 70.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 424,876 shares of the company's stock after selling 1,002,600 shares during the period. JPMorgan Chase & Co. owned 0.32% of BW LPG worth $4,827,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank grew its position in 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 purchasing an additional 1,071 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of BW LPG in the 4th quarter worth $26,000. Avior Wealth Management LLC raised its stake in shares of BW LPG by 98.0% in the fourth quarter. Avior Wealth Management LLC now owns 5,862 shares of the company's stock worth $67,000 after purchasing an additional 2,902 shares during the last quarter. Exchange Traded Concepts LLC raised its position in BW LPG by 30.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,301 shares of the company's stock worth $321,000 after buying an additional 6,601 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of BW LPG by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,152,366 shares of the company's stock valued at $35,013,000 after acquiring an additional 13,010 shares during the last quarter.

BW LPG Stock Performance

Shares of BW LPG stock traded up $0.26 during trading hours on Thursday, reaching $9.77. 41,504 shares of the stock traded hands, compared to its average volume of 367,795. BW LPG Limited has a one year low of $7.86 and a one year high of $22.31. The firm has a market capitalization of $1.29 billion and a price-to-earnings ratio of 3.67. 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 company has a 50 day moving average price of $10.67 and a 200 day moving average price of $11.90.

BW LPG (NYSE:BWLP - Get Free Report) last announced 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 business had revenue of $127.57 million for the quarter, compared to analysts' expectations of $183.00 million.

BW LPG Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.42 per share. The ex-dividend date was Monday, March 10th. This represents a $1.68 dividend on an annualized basis and a yield of 17.20%. BW LPG's dividend payout ratio is presently 63.16%.

Wall Street Analyst Weigh In

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

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.