Assenagon Asset Management S.A. Takes $11.83 Million Position in BW LPG Limited (NYSE:BWLP)

Assenagon Asset Management S.A. purchased a new stake in shares of BW LPG Limited (NYSE:BWLP - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 827,738 shares of the company's stock, valued at approximately $11,827,000. Assenagon Asset Management S.A. owned approximately 0.63% of BW LPG as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in BW LPG during the 2nd quarter valued at about $56,598,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of BW LPG during the second quarter valued at approximately $12,196,000. Bank of New York Mellon Corp purchased a new position in BW LPG during the second quarter valued at approximately $2,365,000. Jupiter Asset Management Ltd. bought a new position in BW LPG in the second quarter worth approximately $2,050,000. Finally, Glenorchy Capital Ltd purchased a new stake in BW LPG during the third quarter worth $712,000.

BW LPG Stock Down 1.9 %

NYSE BWLP traded down $0.26 during midday trading on Monday, hitting $13.29. 267,681 shares of the company traded hands, compared to its average volume of 169,469. BW LPG Limited has a 52 week low of $10.32 and a 52 week high of $22.31. The firm has a 50-day simple moving average of $14.85. The company has a current ratio of 1.63, a quick ratio of 1.45 and a debt-to-equity ratio of 0.15.

BW LPG (NYSE:BWLP - Get Free Report) last issued 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 for the quarter.

BW LPG Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $2.32 annualized dividend and a dividend yield of 17.46%.

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.