Virtu Financial LLC Invests $380,000 in BW LPG Limited (NYSE:BWLP)

Virtu Financial LLC acquired a new stake in shares of BW LPG Limited (NYSE:BWLP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 33,437 shares of the company's stock, valued at approximately $380,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BWLP. SBI Securities Co. Ltd. acquired a new position in shares of BW LPG during the 4th quarter valued at $26,000. Avior Wealth Management LLC boosted its stake in BW LPG by 98.0% during the fourth quarter. Avior Wealth Management LLC now owns 5,862 shares of the company's stock valued at $67,000 after buying an additional 2,902 shares in the last quarter. Centiva Capital LP acquired a new position in BW LPG during the third quarter worth about $183,000. HighTower Advisors LLC bought a new stake in BW LPG in the third quarter worth about $219,000. Finally, BNP Paribas Financial Markets acquired a new stake in BW LPG in the 3rd quarter valued at about $280,000.

Wall Street Analysts Forecast Growth

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

BW LPG Price Performance

BW LPG stock traded up $0.20 during mid-day trading on Friday, hitting $11.22. The company's stock had a trading volume of 259,394 shares, compared to its average volume of 359,661. The stock has a market capitalization of $1.48 billion and a P/E ratio of 4.22. BW LPG Limited has a twelve month low of $9.95 and a twelve month high of $22.31. The stock's fifty day moving average price is $11.91 and its two-hundred day moving average price is $12.59. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.15.

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BW LPG (NYSE:BWLP - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The company had revenue of $127.57 million during the quarter, compared to analyst estimates of $183.00 million.

BW LPG Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 14.98%. BW LPG's payout ratio is presently 63.16%.

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.