O Shaughnessy Asset Management LLC Acquires 68,563 Shares of BW LPG Limited (NYSE:BWLP)

O Shaughnessy Asset Management LLC increased its position in shares of BW LPG Limited (NYSE:BWLP - Free Report) by 23.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 355,382 shares of the company's stock after buying an additional 68,563 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.27% of BW LPG worth $3,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BWLP. Bank of New York Mellon Corp grew its stake in shares of BW LPG by 600.5% during 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. Amundi boosted its holdings in BW LPG by 22.4% during the fourth quarter. Amundi now owns 2,208,258 shares of the company's stock worth $25,152,000 after purchasing an additional 404,323 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in BW LPG in the third quarter valued at $5,653,000. Virtu Financial LLC acquired a new stake in BW LPG in the 4th quarter valued at $380,000. Finally, Public Employees Retirement System of Ohio bought a new stake in BW LPG during the 3rd quarter worth about $476,000.

Analyst Ratings Changes

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

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BW LPG Stock Down 1.3 %

BWLP stock traded down $0.12 during mid-day trading on Monday, reaching $8.56. The company had a trading volume of 960,612 shares, compared to its average volume of 366,740. The company has a market capitalization of $1.13 billion and a price-to-earnings ratio of 3.22. BW LPG Limited has a 52 week low of $7.86 and a 52 week high of $22.31. The stock has a 50 day simple moving average of $11.68 and a two-hundred day simple moving average of $12.40. 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 (NYSE:BWLP - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share 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 the consensus estimate of $183.00 million.

BW LPG Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.42 per share. The ex-dividend date was Monday, March 10th. This represents a $1.68 annualized dividend and a dividend yield of 19.64%. BW LPG's dividend payout ratio is presently 63.16%.

BW LPG 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.