The Manufacturers Life Insurance Company Takes $5.65 Million Position in BW LPG Limited (NYSE:BWLP)

The Manufacturers Life Insurance Company purchased a new position in shares of BW LPG Limited (NYSE:BWLP - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 394,580 shares of the company's stock, valued at approximately $5,653,000. The Manufacturers Life Insurance Company owned 0.30% of BW LPG as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of BWLP. Dynamic Technology Lab Private Ltd acquired a new position in shares of BW LPG in the third quarter worth approximately $341,000. Avior Wealth Management LLC acquired a new position in shares of BW LPG in the 3rd quarter worth approximately $43,000. Plato Investment Management Ltd bought a new stake in shares of BW LPG in the 3rd quarter valued at $207,000. DekaBank Deutsche Girozentrale increased its position in shares of BW LPG by 33.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 50,012 shares of the company's stock worth $740,000 after buying an additional 12,622 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in BW LPG during the third quarter worth $11,827,000.

BW LPG Stock Down 2.9 %

Shares of BW LPG stock traded down $0.34 on Friday, hitting $11.39. 596,114 shares of the company's stock traded hands, compared to its average volume of 197,173. The company has a fifty day moving average of $13.62 and a two-hundred day moving average of $15.62. The company has a quick ratio of 1.45, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. BW LPG Limited has a one year low of $10.32 and a one year high of $22.31.

BW LPG Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Thursday, December 12th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 14.75%. The ex-dividend date is Thursday, December 12th.

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.